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Vietnam's strong commitment to Net Zero is an attractive point to attract FDI from Europe

Sergio D. Silva, Chairman of CCIPV and Vice chairman of GGSC and Head of sustainable cities and buildings working group, was recently interviewed by Lao Dong Newspaper where he discussed his insights on green growth and sustainable development in Vietnam, with a focus on achieving Net Zero, particularly in the realm of green buildings.

 

“Sustainable and green development will help Vietnam attract more international direct capital flows (FDI). Vietnam will become an extremely attractive destination for European companies", Mr. Sergio Pereira da Silva - Vice President and Head of EuroCham Sustainable Cities and Construction Sector Committee, discussed with Lao Dong Newspaper.


Mr. Sergio Pereira da Silva - Chairman of CCIPV and Vice chairman of GGSC and Head of sustainable cities and buildings working group. Photo by Huong Nguyen - Bao Lao Dong



How do you evaluate Vietnam's efforts in green transformation?


- Prime Minister Pham Minh Chinh's efforts and commitment at COP26 are truly remarkable. Vietnam strives to achieve Net Zero by 2050. European companies are excited to support Vietnam in achieving this goal, including Net Zero, green buildings, green credit, green bonds... As to achieve green buildings standards in Vietnam, I see the potential and opportunities for European companies to support in many areas and we are actually implementing many projects.


It can be said that Prime Minister Pham Minh Chinh's commitment marks an important milestone. We are ready to share knowledge, experience and capacity to promote sustainable development in Vietnam.


How do you perceive the importance of building green factories in Vietnam?


- Sustainable and green development will help Vietnam attract more international direct capital flows (FDI). Furthermore, basically the application of new green technologies is a core factor for Vietnam to have more capital for sustainable development.


In the field of sustainable construction, what should Vietnam do to achieve the Net Zero goal by 2050?


- In green building design, the biggest priority is that we try to reduce energy use. Only when we reduce demand can we move towards sustainable energy use. If Vietnam can follow the EU's high standards, Vietnam will become an extremely attractive destination for European companies.

How to promote green and sustainable energy transition?


Dr. Nguyen Ngoc Hung - Institute of Energy, Ministry of Industry and Trade - said that the most important factor is changing behavior and using energy effectively.


To achieve the energy transition and net zero emissions goals by 2050, changes in energy behavior are needed. Fundamental changes in usage behavior have great effectiveness in saving energy and reducing greenhouse gas emissions. Typical behavior change solutions include: adjusting air conditioning temperatures appropriately, reducing excessive use of hot water, using public transportation to replace personal vehicles, increasing the lifespan of construction projects, Make the most of natural light, reduce the consumption of burning materials in construction projects, convert air traffic to high-speed trains...


In addition to changing energy use behavior, many solutions for efficient energy use in buildings, vehicles, and civil and industrial equipment are available today and can increase the scale of application. Use very quickly. Saving energy brings dual benefits of reducing energy costs and reducing investment in energy supply infrastructure. Therefore, solutions for efficient use of energy need to be strongly promoted through legal corridors, incentive mechanisms, and energy markets.


Source: CCIPV / Bao Lao Dong

Image: Bao Lao Dong


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