Vietnam upholds use, management of financing for sustainable development
VOV.VN - State capital and private resources both play an important role in meeting financial needs for development causes and the implementation of sustainable development goals (SDGs), Minister Counsellor Nguyen Hoang Nguyen said at the 2024 ECOSOC Financing for Development (FfD) Forum, which is being held in New York from April 22 to April 25.
Minister Nguyen, who is also Chargé d’Affaires of the Permanent Delegation of Vietnam to the UN, underlined the importance of North-South and South-South collaboration; and trilateral and quadrilateral co-operation models to share experience, technology, and capital for Southern countries to implement the Agenda 2030 on sustainable development.
He used the platform to call on developed countries to fully carry out their commitments to spend 0.7% of their Gross National Income (GNI) on ODA capital and contribute US$100 billion each year to help developing ones to cope with climate change.
Agreeing with the Vietnamese delegation’s ideas, attendants at the forum said that 2024 is a very important time to strongly implement measures towards fulfilling the SDGs by 2030.
They were able to reach a consensus on approving a document on the forum's outcomes, which affirmed their commitment to continue efforts to mobilise financial resources for development; encourage and promote the participation of the private sector; strengthen international ties in the field of tax and debt management; and take advantage of scientific, technological, and innovation achievements to serve sustainable development.
This comes as the nation recently announced the Voluntary National Review (VNR) in 2023 and is implementing its National Strategy on Climate Change by 2030, thereby affirming its efforts and determination to mobilise and use and manage financing for sustainable development.
The country is set to host the fourth Partnering for Green Growth and the Global Goals 2030 (P4G) Summit next year in a bid to step up global efforts on green transformation and sustainable development.
