At a high-level discussion of the P4G Summit (Photo: VNA)
 

 Prof. Reena Marwah from Delhi University has hailed Vietnam’s hosting of the fourth Partnering for Green Growth and the Global Goals 2030 (P4G) Summit from April 14-17 as a timely and strategic move for both Vietnam and the global community.

In her recent analysis, Marwah stressed that the move signals the country’s proactive leadership at a time when climate commitments from major powers are wavering. By hosting the summit, Vietnam is positioning itself as a pioneer in advancing sustainable development.

The P4G Summit is more than a diplomatic gathering; it is a powerful call to action aimed at mobilising resources, strengthening global partnerships, and accelerating an equitable green transition, Marwah wrote. The event comes at a critical juncture when financing climate action, particularly in developing nations, faces significant challenges, making Vietnam’s role a beacon of hope.

The P4G platform focuses on market-based solutions to achieve the Sustainable Development Goals (SDGs), with key emphasis on climate adaptation, food system, water security, energy, and circular economy. For Vietnam, the summit offers a strategic opportunity to attract vital resources like financing, technology, and expertise while deepening ties with P4G member countries, including Denmark, the Republic of Korea, the Netherlands, and nations across Africa, Asia, and Latin America.

The significance of the 2025 P4G Summit is further amplified by its timing, as developing nations like India and Vietnam face the dual challenge of sustaining economic growth while adapting to and mitigating the impacts of climate change, often with limited domestic resources. In such context, P4G model, which promotes public-private partnerships, becomes an increasingly essential mechanism to mobilise innovation and finance, complementing traditional funding channels that often fall short.

Marwah hailed the event as a unique opportunity to foster more inclusive and equitable global partnerships. Key allies such as the European Union (EU), Japan, and India, with their technological expertise and strong investment capacity, are critical to Vietnam’s green transition.

The summit, she said, serves as an ideal platform for Vietnam to deliver a clear and compelling message: the country is ready for a new wave of green investment, ranging from renewable energy infrastructure and sustainable agriculture to electric transportation and circular economy models.

Vietnam is pioneering a new model of cooperation, one grounded in mutual respect, shared responsibility, and genuine commitment to climate action. In this model, a country’s value lies not in its GDP but in its concrete climate actions and collaborative spirit. Vietnam’s vision of fair and inclusive multilateralism could chart a new path - much-needed, and hopeful - for the global climate order, she concluded.

VNA