The president Luiz Inácio Lula da Silva and the Vietnamese Prime Minister, Pham Minh Chinhended the Brazil-Vietnam Economic Forum. In his speech, the Brazilian leader reinforced important messages from the Climate and Environmental Agenda of your government.
“Decarbonization is not a choice, it is a necessity and a great opportunity. We have decades of experience in biofuels, which are low cost alternatives for automotive and aviation sectors, and even for electricity generation. There is potential for cooperation in wind and solar energy, as well as in green hydrogen,” said Lula according to an official statement released on Sunday, 30.
“The private sector has an important role to play in reducing emissions and climate financing,” said the president.
Lula stressed the creation of the Fund Forests Forever (TFFF). “Its goal is to generate a flow of permanent financial support to tropical countries that, like Brazil and Vietnam, retain their forests for the benefit of all humanity,” he said. “Vietnam and Brazil already feel the economic effects of climate change. We are the largest producers and exporters worldwide coffee and we can get greater climate resilience in coffee culture through technical and scientific cooperation between the two countries.”
The Chief Executive has once again summoned all countries to “present ambitious and aligned NDCs to the goal of limiting global warming to 1.5ºC” compared to pre-industrial levels, the central objective of the Paris Agreement. NDCs (acronym in English for nationally determined contributions) are the international commitments of nations to reduce their gases-fell emissions. All should launch their NDCs with goals for 2035 before COP30.
On the two days of state visit to the Asian country, the Minister of Environment and Climate Change (MMA), Marina Silva, accompanied the president in meetings with the leaders of the four pillars of the Vietnamese political system: President Luong Cuong, Prime Minister Pham Minh Chính, President of the National Assembly, Tran Thanh Man, and the Secretary General of the Communist Committee of the Party of the Party Vietnam, I’m Lam.
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On Friday (28), Lula and Luong Cuong signed the action plan to implement the strategic partnership, which brings together priorities of bilateral relationship in matters such as defense, economy, commerce and investments; Food and nutritional agriculture and safety; Science, Technology and Innovation; environment and sustainability; Energy transition and sociocultural cooperation and consular affairs.
The strategic partnership aims to deepen political dialogue, reinforce economic cooperation, intensify the flow of commerce and investments, strengthen coordination on multilateral agenda and boost new cooperation initiatives.
In 2024, Brazil and Vietnam celebrated 35 years of diplomatic relations. The relationship was elevated the strategic partnership on November 17, 2024, in a meeting of Lula and the Vietnamese Prime Minister on the sidelines of the group of the group of the 20 largest economies of Globo (G20), in Rio de Janeiro, when the Brazilian president was invited to visit the Asian country.
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In the last two years, Lula has met three times with Prime Minister Pham Minh Chinh: in May 2023 in Hiroshima, at the G7 summit; in September 2023, in Brasilia, during an official visit; and in November 2024, in Rio de Janeiro, at the G20 summit.
Marina Silva accompanies Lula
On her last day of the Brazilian State visit in Vietnam, in Hanoi, Minister Marina Silva said in an event with entrepreneurs that the economy and ecology are part of the same equation. “Properly taking care of the agenda of trade and economic relations associated with the issue of climate change and the environment is fundamental. Without this agenda, there will be no economic relations between our countries, nor in the world, because natural resources are the basis of our development. I often say that economics and ecology are part of the same equation.”
In the speech made during a panel of federal government ministers at the Brazil-Vietnam Economic Forum, Marina highlighted the financial instruments developed by MMA with other folders to boost the agendas to combat climate change and environmental preservation.
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“We have done our homework. We created an investment platform between countries, Bip. We launched green titles and managed to capture about R $ 10 billion for energy transition, bioeconomic and sustainable development actions. In addition, we are working on our ecological transformation plan, the basis of all this, led by Finance Minister Fernando Haddad,” he said.
The minister emphasized the fund forests forever, announced by Brazil at COP28, the UN climate conference held in the United Arab Emirates in 2023. The initiative will reward countries that proven to protect their tropical forests based on satellite monitoring.
The federal government works to capture US $ 125 billion and launch the TFFF during COP30, which takes place in Belém (Pará) in November. At least 20% of resources will be directed to indigenous populations and traditional peoples and communities that are on the front line of forest preservation.
