ClockTuesday, 14/02/2023 07:00

“Greening” investment activities

TTH.VN - Green growth is a cross-cutting goal in the economic and social development of Thua Thien Hue. In order to realize this goal, shaping green growth starts with investment promotion is considered a key.

Green startupsGreen living for the community

Que Lam Group has made investments to develop sustainable agriculture

No trade-off between environment and growth

Applying solutions of green economic model to replace the traditional economic model is an important approach in economic growth of Thua Thien Hue, which can both develop the economy and protect the environment.

This orientation is consistent with the Politburo's one when the Resolution No 54 is promulgated, with the goal of building Thua Thien Hue into a centrally-managed municipality on the basis of preserving and promoting the values of the Ancient Capital’s heritage and Hue cultural identity, with the characteristics of culture, heritage, ecology, landscape, environmental friendliness, and intelligence.

This orientation is clearly shown in investment promotion activities.

It is of no coincidence that right after the "economic reopening" (after two years of being affected by the pandemic), Thua Thien Hue immediately organized an investment promotion activity with the theme "Meet the green Thua Thien Hue: Defining the future of green economic growth”.

At this conference, Chairman of the Provincial People's Committee Nguyen Van Phuong emphasized that investment in green growth is a cross-cutting goal of Thua Thien Hue. Accordingly, green growth is based on tourism as a spearhead economic sector, information and communication technology as a breakthrough, and high-tech industry and agriculture as the foundation.

Many programs and plans, which have been developed and issued, encourage the investment in green growth and "green consumption" in a narrow scope for sustainable development. The integration of green growth indicators into socio-economic development indicators has partly realized the green growth goal.

According to Mr. Phan Quoc Son, Deputy Director of the Provincial Department of Planning and Investment, though economic growth is the core, it does not mean a growth at all costs, or trading the environment for short-term growth.

This consistent view is the basis of the province’s refusal to many industrial projects with the risk of causing environmental pollution, and many commercial projects with the risk of disrupting the landscape, etc. An example is the refusal to the investment of a Chinese zinc factory in Chan May - Lang Co, or the proposal to a project of coal-fired power plant to be converted into a liquefied natural gas (LNG) plant.

Shaping green investment                 

According to Mr. Son, in order to realize the green growth goal in the long term, prioritizing green investment in investment promotion activities is the basic solution.

In particular, attracting investment in industries with high science and technology content is focused, especially in industrial development, agricultural economic development towards sustainable and green development; as well as promoting investment attraction in green tourism in order to bring into play the advantages of diverse tourism resources, suitable for the form of ecotourism resort and green tourism. At the same time, building and developing Hue urban infrastructure synchronously, in the direction of a garden city, ecological urban, landscape, heritage, culture and environment friendliness.

Accordingly, investment promotion activities are also focused on innovation and enhance investment efficiency; and the investment promotion must be in a focused direction, with specific objects tied to the local economic structure and associated with environmental protection and sustainable development. It prioritizes in calling for investors investing in infrastructure of industrial parks and industrial clusters in the province as a basis for attracting secondary investors, attracting workers from other localities and abroad to live and work in Thua Thien Hue Province, promoting calls for investment in logistics and port projects so as to increase the initiative in goods circulation and contribute to attracting foreign investors.

In addition, to ensure the transition to green and clean energy development in order to fulfill Vietnam's commitment at COP26 to bring net emissions to zero by 2050, priority is to be given to calling for investment in clean and renewable energy sources, including wind power, solar power, and gas power, etc., to develop clean and renewable energy sources towards green urban development, green and sustainable industrial park space.

Consistency in growth goal

In reality, it requires the participation of industries and fields in technology application and providing appropriate solutions to meet the green growth goal. For example, the industry has to use solar power, reuse wastewater and waste, and collect carbon.

According to a representative of Vinatex Group, the green growth goal is being concretized by the enterprise's strategy of "greening" the factories. One of the solutions being implemented by the enterprise is promoting the use of renewable energy. Besides, it continues to invest in new and modern machinery and equipment towards the goals of sustainable development.

In the area of industrial parks, the guiding role in investment activities of infrastructure investors also contributes significantly to the implementation of the growth goal.

Taking Phu Bai Industrial Park 4 Phase 1 as an example, from the very beginning, the project investor has clearly oriented the investment in green infrastructure, corresponding to the increase of green tree planning, and the investment in wastewater treatment infrastructure....

Specifically, the planning of green tree systems was increased to over 15%, excluding regional trees in each project; while the rainwater and wastewater drainage systems connected to wastewater treatment plants were invested synchronously…

“With the orientation of investing in green industrial parks, Phu Bai Industrial Park 4 Phase 1 will give the priority to attracting projects in the category of attracting investment with high science and technology content, high-tech industrial enterprises, light industry, clean industry, and ensuring environmental requirements heading towards the formation of a green and clean general industrial park,” Mr. Ngo Huu Quy, Director of Industrial Park Infrastructure Development and Investment One Member Company Limited affirmed.

Story and photo: Hoang Loan

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