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Vietnam Unveils Strategy on Green Industry Development by 2020

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Vietnamese Deputy Minister Hoang Trung Hai approved a national strategy on development of green industry by 2020 to ensure sustainable development, said a report of the Vietnamese government website on Monday.

According to the strategy, 50 percent of local companies will apply green technologies to production by 2020. This will help to save around eight to 13 percent of energy consumption and minimize harmful emissions and pollution.

Five major projects will be carried out from now to 2020. These projects focus on establishment of databases on clean production, providing technical assistance, and forming a network of organizations facilitating green technology applications.

The government of Vietnam encouraged both domestic and foreign investors to pour investment in development of the country's environmentally friendly technologies and green industrial projects.

(Xinhua News Agency September 14, 2009)

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