From November 23-25, the Ministry of Planning and Investment (MPI)- in collaboration with the Global Green Growth Institute (GGGI)- hosted the training course on the Investment Guidelines for Green Growth (IGGG) in Da Lat, Viet Nam. The workshop was co-chairing by Ms. Nguyen Thi Minh Hien, Deputy Director General, Department for Science, Education, Natural Resources and Environment, MPI and Mr. Adam Ward, Viet Nam Country Representative, GGGI with the participation of 40 key government officials from MPI, and other line ministries from Viet Nam highland area. The highlands of Viet Nam are heavily affected by deforestation, industrialization and climate change.
The training course’s aims were to: (i) Raise awareness of green growth and provide national and subnational government officials with the context and tools in order to mainstream green growth into socio-economic development plans; and (ii) Mobilize resources to implement green growth through integrating green requirements into the formulation, appraisal and decision of public investment project.
To support MPI’s efforts to advance the implementation of the Green Growth Strategy (VGGS) and Green Growth Action Plan (VGGAP), GGGI in collaboration with UNDP developed the “Investment guidelines for green growth in Viet Nam” (IGGG). The IGGG provides a customized methodology for screening and prioritizing investment opportunities and for mobilizing public and private finance. To mainstream the IGGG into government procedures, together with MPI, GGGI have conducted 3 training courses in northern, central and southern area of the country.
“As a result of this training, ministries will be able to assess a project based on its ability to deliver green growth and MPI can allocate resources effectively, greatly increasing the amount of finance that flows to green growth projects,” noted Adam Ward.
Ms. Hien expressed; “Besides main Green Growth information on VGGS, VGGAP, this training course creates opportunities for trainees – Viet Nam ministerial and provincial leaders – to think of, set up ideas and actions, on how to apply the knowledge gained to mainstream green growth in all sectors that they are working with now. After the training course we hope to receive, as much as possible, green growth opinions, ideas, innovations, and actions that can be applied in the actual context of each organization, and each province, to support implementation of green growth in Viet Nam.”
Viet Nam is one of the founding members of GGGI. MPI was assigned as the focal point for green growth, responsible for leading and coordinating with ministries, sectors and provincial governments and centrally managed cities to implement the VGGS.
GGGI has recently agreed a two -year work program with MPI for 2017-2018 to focus on the further application of the investment guidelines for green growth as well as working together on increasing private sector funding for green growth.