Within the framework of the official visit to Vietnam of the US Secretary of the Treasury Janet Yellen, the conference 'Women in Economics and Finance: Economic Outlook and Climate Finance' took place at the Foreign Trade University (FTU) on July 21.
Panelists atthe conference included Janet Yellen, the US Secretary of the Treasury; Nguyen Thi Hong, Governor of the State Bank of Vietnam; Dang Quoc Khanh, Minister of Natural Resources and Environment; and Bui Anh Tuan, FTU president. They shared views and raised policy recommendations to strengthen cooperation to address global challenges in the economy and on climate change.
Throughout the conference, speakers shed light on the ongoing difficulties faced by the world economy in the post-Covid-19 era, such as persistent high inflation, trends toward monetary tightening, disruptions in supply chains, sluggish economic growth, and the looming specter of recession. In addition to these macroeconomic hurdles, countries worldwide are grappling with the profound challenges brought about by climate change. These issues are negatively affecting the production and business activities of enterprises as well as the overall quality of life for people.
Furthermore, significant time at the conference was devoted to exploring solutions to confront climate change. Mr. Dang Quoc Khanh, Minister of Natural Resources and Environment stressed that climate change is an irreversible trend and currently stands as one of the most critical challenges facing humanity. Responding to climate change has become a paramount global focus, impacting all development decisions on a global scale. As one of the countries which are most severely impacted by climate change, Vietnam has consistently demonstrated a proactive and responsible approach, focusing on reducing greenhouse gas emissions and adapting to the changing climate. The nation has taken concrete steps towards greening its development model. At the recent COP26 conference, Vietnam made a commitment to achieve net-zero emissions by 2050. Additionally, it ratified the Political Declaration, establishing a just energy transition partnership (JETP) with partners from within and outside the G7.
The conference underscored the crucial role and concerns of female and the heightened awareness and determination of the younger generation in coming together to address global challenges, with climate change at the forefront. Their collaborative efforts aim to pave the way for a greener, more sustainable, and prosperous future for all.