No Time to Waste : The Challenges and Opportunities of Cleaner Trade for Vietnam
The Twenty-sixth United Nations Climate Change Conference (COP26) was held in early November 2021 in Glasgow, Scotland, at which Vietnam’s Prime Minister, Phạm Minh Chính, pledged once again that Vietnam would be part of the global climate change s...
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| Language: | English |
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World Bank, Hanoi
2022
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| Online Access: | http://documents.worldbank.org/curated/undefined/185721641998618600/No-Time-to-Waste-The-Challenges-and-Opportunities-of-Cleaner-Trade-for-Vietnam http://hdl.handle.net/10986/36819 |
| Summary: | The Twenty-sixth United Nations
Climate Change Conference (COP26) was held in early November
2021 in Glasgow, Scotland, at which Vietnam’s Prime
Minister, Phạm Minh Chính, pledged once again that Vietnam
would be part of the global climate change solution. The
country aims to increase the share of clean energy in its
total primary energy supply to at least 20 percent by 2030
and 30 percent by 2045 and has pledged to phase out
coal-fueled power generation and made a commitment to reach
net zero emissions by 2050. Trade can be a central part of
the solution to climate change Vietnam is experiencing and
will have to deal with in years to come. Green trade or
cleaner trade, trade in environmental or environmentally
friendly goods can help Vietnam achieve not only its climate
commitments but also its development ambition to become a
high-income economy by 2045 as set out in the 2021–2030
Social Economic Development Strategy (SEDS). This edition of
Taking Stock reviews the recent developments in the
Vietnamese economy and discusses the economy’s short- to
medium-term prospects, highlighting domestic and external
risks associated to the COVID-19 pandemic. The second part
of the report elaborates on how Vietnam can harness the
impacts of climate change on its trade sector, address
challenges and take advantage of new opportunities |
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