Vietnam Seeks to Boost Financial Resources to Advance Gender Equality | Company

Drawing. (Photo: thanhnien.vn)

Hanoi (VNA) – Regulators, civil society organizations and the private sector have made various recommendations to strengthen financial ressources to promote gender equality in Vietnam at a conference in Hanoi on August 17.

They suggested ways to apply gender responsive budgetingensure that the needs of women, men and others are fully considered throughout the budget cycle and strengthen oversight by communities, such as civil organizations and individuals, of the budget allocation of public investment from a gender perspective.

The conference on “Strengthening financial resources to advance Gender equality in Vietnam” was organized by the Ministry of Planning and Investment (MPI), the Institute for Community Development and Health (LIGHT) in collaboration with the United Nations Entity for Gender Equality and Empowerment of Women (UN Women) as part of the United Nations Joint Program on Supporting Vietnam towards the 2030 Integrated Financing Strategy to accelerate the achievement of the Sustainable Development Goals (SDGs).

In her opening remarks, the Deputy Director of LIGHT, Dr. Nguyen Thu Giang, said that since gender equality is important for the achievement of the SDGs, it requires supporting policies from central to local levels. It is essential that local development and budget planners have a better understanding of gender equality and integrate it into planning.

The 2015 revised state budget law, which introduced basic rules to ensure gender equality in state budget spending, has made major progress in this area, Giang said. However, many challenges remain, she added.

Vietnam seeks to boost financial resources to advance gender equality hinh anh 2The conference on “Strengthening Financial Resources to Advance Gender Equality in Vietnam” was organized by the Ministry of Planning and Investment (MPI), Institute for Community Development and Health (LIGHT ) in collaboration with UN Women on August 17. (Photo: VNA)

Therefore, this conference should focus the discussion on the roles that stakeholders, including the private sectors and civil society organizations, play in improving financial resources for gender equality as well as the challenges that the process is facing.

Elisa Fernandez Saenz, UN Women Representative in Vietnam, said Vietnam has made various achievements in promoting gender equality and empowering women. However, the lack of financial resources remains one of the main obstacles hindering the country’s efforts to fulfill its commitments on gender equality and the SDGs, according to Saenz.

Many foreign sponsors have reduced their financial support for promoting gender equality in Vietnam, given that the country is now a middle-income country, she said, stressing that it is very important for the Vietnam to be able to mobilize national financial resources to solve the problem.

UN Women has introduced a number of tools to integrate gender equality into national planning for the achievement of the SDGs, she noted./.

Louis R. Hancock