(VOV) - Natural disasters and rising sea levels caused by climate change will make a negative impact on Vietnam’s GDP growth rate, which is predicted to decline 2.5 percent in the 2046-2050 period to 5.23-5.39 percent annually.
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The warning came at a seminar in Hanoi on July 26 to release a report on the climate chance impact on Vietnam’s economic growth, which was jointly drawn up by the Central Institute for Economic Management (CIEM) and Copenhagen University.
According to the report, Vietnam’s climate will become hotter over the next decades, causing negative effects on vulnerable sectors such as transportation and agricultural production, which is expected to see a decrease of about 8.5 percent by 2050.
Danish Ambassador to Vietnam John Nielsen said that with their assistance, the Vietnamese Government is implementing appropriate policies to adapt to climate change with the aim of removing obstacles to national economic development without disrupting people’s daily lives.
Participants at the event suggested the Government of Vietnam should focus on infrastructure development and economic activities in highland areas.