HANOI, Dec. 15 (Xinhua) -- Vietnam's green and sustainable development through 2050 is projected at between 670 and 700 billion U.S. dollars in long-term investment to reach carbon neutrality, local daily VnEconomy reported Monday.
Climate change adaptation alone will account for about 368 billion U.S. dollars in investment under a carbon-neutral scenario, or nearly 6.8 percent of GDP annually, the report said, citing the Ministry of Finance.
Nguyen Ngoc Canh, deputy governor of the State Bank of Vietnam, said at a conference Monday that the country must diversify financial resources through stronger participation from the private sector and capital markets to meet the requirements of green transition and sustainable development.
During the conference, the Ministry of Finance, the State Bank of Vietnam and economists discussed measures to mobilize financial resources to realize the country's green growth and sustainable development goals. ■
