High-level ASEAN seminar talks aligning policies for climate transition

As part of the first ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) 2023 in Bali on March 30, Indonesia organised a high-level seminar themed “Aligning Policies for Climate Transition” to support the message of sustainable development, one of the ASEAN priority economic deliverables (PED) this year.

High-level ASEAN seminar talks aligning policies for climate transition -0
Bank Indonesia Governor Perry Warjiyo at an ASEAN high-level seminar on "Aligning Policies for Climate Transition" in Bali. Photo: Antara

Speaking at the event, Governor of Bank Indonesia (BI) Perry Warjiyo said central banks play a crucial role in building a framework for green finance transformation, highlighting transparency and sustainability, as well as developing policies and mechanisms towards the goal of achieving net zero emissions to mitigate climate change.

He stressed that the ASEAN countries need technical support in the green transition process, in which the role of central banks is not only to promote but also carry out green finance, especially through financing the transition.

Delegates at the event discussed experience from international organisations in promoting sustainable finance.

According to the United Nations Development Programme, climate transition financing for developing countries requires a clear framework to ensure consistent policies and encourage the private sector to engage in.

Statistics showed that the value of sustainable finance transactions in the ASEAN countries reached only 82 billion USD last year, much lower than the potential.

To optimise this potential, the regional countries were advised to develop innovative financial products and tools, issue favourable regulations and policies, improve information transparency, mobilise international coordination, and manage risks and policies.

Politics-Diplomacy

Economic diplomacy contributes to socio-economic development: PM
Politics-Diplomacy

Economic diplomacy contributes to socio-economic development: PM

Economic diplomacy has truly become a key component in all external affairs, especially high-level diplomacy, contributing effectively to implemeting strategic breakthroughs, Prime Minister Pham Minh Chinh said while chairing a conference with ambassadors and heads of Vietnamese representative agencies abroad to review the economic diplomacy work in 2024, in Hanoi on December 20.

PM urges Da Nang to lead Vietnam's economic transformation
Politics-Diplomacy

PM urges Da Nang to lead Vietnam's economic transformation

The central city of Da Nang must fully harness its distinctive potential, outstanding opportunities, and competitive advantages to achieve double-digit economic growth, solidifying its role as a growth hub of the central – Central Highlands region and the nation, said Prime Minister Pham Minh Chinh on December 21.

Party chief holds phone talks with Singapore's ruling party leader
Politics-Diplomacy

Party chief holds phone talks with Singapore's ruling party leader

General Secretary of the Communist Party of Vietnam (CPV) To Lam held a phone talks with Secretary-General of the ruling People’s Action Party (PAP) and Prime Minister of Singapore Lawrence Wong on December 20 afternoon, during which the Vietnamese Party chief suggested the two countries further strengthen political trust through meetings and exchanges of all-level delegations.

Leaders pay tribute to President Ho Chi Minh on army's 80th anniversary
Politics-Diplomacy

Leaders pay tribute to President Ho Chi Minh on army's 80th anniversary

A delegation of the Communist Party of Vietnam Central Committee, the State President, the National Assembly, the Government, the Vietnam Fatherland Front Central Committee, the Central Military Commission, and Ministry of National Defence on December 20 paid floral tribute to President Ho Chi Minh at his mausoleum in Hanoi on the occasion of the 80th anniversary of the Vietnam People’s Army and the 35th anniversary of the All-People Defence Festival (December 22).

Party chief receives Chinese Minister of Defence
Politics-Diplomacy

Party chief receives Chinese Minister of Defence

Party General Secretary To Lam, Secretary of the Central Military Commission, hosted a reception in Hanoi on December 19 for Chinese Minister of National Defence Senior Lieutenant General Dong Jun and a delegation from the Chinese People's Liberation Army (PLA) who  are in Vietnam for the celebration of the 80th anniversary of the Vietnam People's Army and the 35th anniversary of the All People's Defence Festival (December 22).

Deputy FM welcomes French diplomats in Asia
Politics-Diplomacy

Deputy FM welcomes French diplomats in Asia

Standing Deputy Minister of Foreign Affairs Nguyen Minh Vu hosted a delegation from the French Ministry of Europe and Foreign Affairs and French Ambassadors in Asia led by Benoit Guidée, Director General of the ministry's Asia-Pacific Department in Hanoi on December 16.

NA prepares for political system reform in 2025
Politics-Diplomacy

NA prepares for political system reform in 2025

Politburo member, Secretary of the National Assembly (NA) Party Delegation, and NA Chairman Tran Thanh Man chaired the second meeting of the Steering Committee tasked with reviewing the implementation of the 12th Party Central Committee’s Resolution on several issues regarding the continued reform and reorganisation of political system to ensure it is lean, effective, and efficient, in Hanoi on December 16.