Susan Burns, US Consul General in Ho Chi Minh speaks at the event. (Photo: VNA)

Susan Burns, US Consul General in the city, said that Vietnam has emerged as one of the leading manufacturing hubs in Southeast Asia, attracting foreign investors thanks to its policies focused on building an export-oriented economy.

Additionally, Vietnam's logistics sector is continuously developing. However, Vietnam is also one of the countries most vulnerable to climate change. The country has set ambitious targets to achieve net-zero emissions by 2050, but the industrial manufacturing sector remains a significant source of emissions, she stressed.

According to the Consul General, achieving climate change mitigation and carbon emissions reduction goals requires cutting carbon emissions from the industrial sector. Furthermore, international market demands and trade agreements are increasingly pushing for green certifications to minimise the environmental impact of supply chains. In light of these factors, Vietnam needs to seek solutions to meet the growing energy demand and address other environmental factors in key industrial sectors.

To support Vietnam in its pursuit of the net-zero goal, the US can introduce resources from both its public and private sectors, share initiatives on energy efficiency, water management, and technological processes, she stated, adding that through these solutions, Vietnam's industrial sector can use fewer resources to produce the same output of goods while simultaneously measuring and managing carbon emissions, improving market opportunities, and enhancing its competitiveness.

Pham Minh Hung, Deputy Director of the Department of Industrial and Services Economy under the Ministry of Planning and Investment, said that the development of science and technology, digital transformation, and the dual transition across all aspects of the economy, coupled with the intensifying competition among nations to attract investment, present both opportunities and challenges for Vietnam to achieve breakthrough development, especially in attracting investment and integrating into the value chains of emerging industries such as green energy and semiconductor.

Developing sustainable industries and building green industrial zones are not only economic development goals but also commitments to the future of the next generations. With the aim of becoming a regional leader in sustainable industrial development, Vietnam aspires to continue receiving support from the business community, investors, and partners in providing resources and solutions to optimise resources, and promote cleaner production in order to reduce the carbon footprint, and meet the demands for rapid, sustainable, and environmentally friendly development, emphasised Hung.

Assistant Secretary at the US Department of Commerce Arun Venkataraman said that the US and Vietnam play a crucial role in driving the energy transition in the Pacific region.

Noting that Vietnam currently has only seven out of over 400 industrial zones designated as eco-industrial parks and more than 500 green-certified buildings, he said that this highlights significant potential for the country to advance energy transition and green production.

With their expertise and resources, US businesses can offer numerous technological solutions to support Vietnam in developing a low-emission industrial sector for a cleaner, more sustainable environment, contributing to the achievement of its net-zero goal by 2050, he added.

Harry Hughes, Vice President of Strategic Board at SaigonTel - one of the leading enterprises in the field of telecommunications, IT and communications in Vietnam, proposed the Vietnamese Government continue improving policies and mechanisms to facilitate green and renewable energy transition and distribution.

At the local level, efforts should focus on developing the infrastructure for eco-industrial parks to attract green investment flows, he stated, advising the business community to prioritise adopting low-emission solutions and technologies, and integrating circular economy principles into production, business, and trade./.