Press Release

Vietnam becomes sixth nation to approve GGGI Establishment Agreement

SEOUL – December 12, 2012 – The Socialist Republic of Vietnam presented its Instrument of Approval to the Global Green Growth Institute, signifying the government’s approval of the GGGI Establishment Agreement. In June 2012, sixteen countries signed the Agreement in Rio de Janeiro on the occasion of the United Nations Conference on Sustainable Development (Rio + 20) with two others signing shortly thereafter. Vietnam is now the sixth nation of the eighteen signatories to have the Agreement approved according to their domestic legal requirements.  The other nations to have have approved are Denmark, Guyana, Kiribati, the Philippines, and the Republic of Korea.

The Instrument of Approval was signed by Pham Binh Minh, Minister of Foreign Affairs on November 27, 2012 and submitted today to GGGI by Nguyen Thi Minh Hien, Counselor in charge of investment, and Nguyen Bac Nam, Third Secretary in charge of science and technology, both of the Embassy of Vietnam in the Republic of Korea (and pictured above).

Under the Agreement, Vietnam acknowledges that the “integration of economic growth and environmental sustainability is essential for the future of humankind” and strive to implement low-carbon development and green growth strategies.  Additionally, Vietnam participates as a member of the GGGI Assembly.

Vietnam has been a partner country of GGGI since 2011.  The organization has been working with the Ministry of Planning and Investment and other government institutions to support the government in its efforts to establish and implement the Vietnam Green Growth Strategy of 2011 – 2020.  GGGI has been working on capacity building and sector-specific projects, such as flood control and water management, as part of its broader green growth planning and implementation program.  Vietnam’s Prime Minister, Nguyen Tan Dung, recently approved approved a plan to establish a trading scheme for the emissions of six greenhouse gases (GHGs) as part of Vietnam’s commitment to implement the UN Framework Convention on Climate Change.

Photo: Counselor Nguyen Thi Minh Hien and Third Secretary Nguyen Bac Nam present Vietnam’s instrument of approval to Korea’s Ambassador for Green Growth Boonam Shin and Director of International Organization Conversion Seijoong Kwon at GGGI offices in Seoul.