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Vietnam looks to build national criteria for green growth

HANOI, Sept. 8 (Xinhua) -- Vietnam will soon introduce a new set of national criteria to accelerate the country's green industry growth in line with international standards, local newspaper Vietnam News reported on Friday.

Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said the new criteria would serve as a foundation for governmental ministries, agencies, local authorities and industry to filter and select investment projects, as well as to allocate resources.

"Developing green industries remains a top priority for the Vietnamese government as part of the country's commitment to global efforts to fight climate change," she said.

The National Green Growth Strategy for the 2021-2030 period, with a vision to 2050 will play a vital role in Vietnam's objective of net-zero emissions by 2050, she added.

She said Vietnam's economy must start viewing its green development as part of the international community and therefore, Vietnam's legal mechanisms and policies must be in line with that view.

In the recently approved Power Development Plan 8, Vietnam aims to draw a minimum of 30.9 percent of its energy from renewable sources by 2030, and increase the percentage to 67.5 percent by 2050.