New strategy to place priority on green growth

The Ministry of Planning and Investment is drafting a national green growth strategy and plans to submit it to the Government by June to accelerate the transition towards a carbon-neutral economy in Vietnam.

New strategy to place priority on green growth
It is necessary to raise supports in term of taxes, fees and procedures to promote investment in environmental protection. — Photo haiquanonline.com.vn

Minister of Planning and Investment Nguyen Chi Dung told a recent conference on a national green growth strategy that green growth had become a goal every country was aiming for, especially those heavily affected by climate change.

“Countries around the world are starting to rethink options to achieve economic prosperity in a sustainable way in the face of growing concern about protecting the environment, promoting inclusive development and linking human and cultural values,” Dung said.

“Green growth is considered a new approach in economic growth to achieve prosperity," he added.

From the beginning of 2020, the COVID-19 pandemic brought an unprecedented global crisis, which was changing many fields, especially accelerating the shift to a digital economy, he said.

COVID-19 also provided an opportunity for countries to re-evaluate economic growth models and raise public awareness of the serious threats to the environment and human health.

Dung said unsustainable models of natural resource exploitation were not only causing major negative impacts on the environment, including biodiversity imbalance, pollution and climate change, but also problems related to social equity, gender equality, inclusion and economic opportunity for future generations.

“This requires comprehensive policy responses from the Government,” Dung said.

As Vietnam is one of the countries most severely affected by climate change, developing a carbon-neutral economy should be the top priority in the long term, he said.

 

He said the national strategy on green growth was critical for the country to take opportunities, use resources more efficiently to make breakthroughs and move towards economic prosperity.

According to Le Viet Anh, director of the ministry’s Department of Science, Education, Natural Resources and Environment, the strategy aims to reduce greenhouse gas emissions, green economic sectors, greening lifestyles, promoting sustainable consumption, improving the quality of life, resilience to external shocks and ensuring equality in accessing opportunities and outcomes of the green transition.

Green growth aims to raise investment and resources in advanced technologies, digital transformation, smart and sustainable infrastructure, efficient use of natural resources, improve the environment quality and create impetus for private investment to play its role.

He added that the strategy was expected to be an effective tool to help Vietnam move towards inclusive development, expanding coverage to sectors that were not yet paid adequate attention to in the previous strategy such as education, healthcare and children.

A representative from the Asian Development Bank said that Vietnam needed to create mechanisms for green finance to develop resources for responses to climate change and environmental pollution.

Vo Tri Thanh, Director of the Institute for Brand and Competitiveness Strategy, said it was necessary to raise support by using taxes, fees and procedures to promote investment in environmental protection.  

VNS 

Green credit takes off in Vietnam

Green credit takes off in Vietnam

National green credit programs will help Vietnam reach its goals in the national green development strategy in a comprehensive way and help drive the economy towards sustainable development.

Natural resources and environment gradually become an important economic sector

Natural resources and environment gradually become an important economic sector

At the13th National Party Congress, Minister of Natural Resources and Environment Tran Hong Ha, spoke to the media about highlights of natural resources and environment sector.

 
 

Other News

.
Tax policies for property sector must be carefully studied: finance ministry
Tax policies for property sector must be carefully studied: finance ministry
BUSINESSicon  06/05/2021 

Tax policies for the real estate sector must be carefully studied and introduced at the appropriate time to ensure feasibility and limit speculation, according to the Ministry of Finance.

Enterprises bump up prices on rising raw material costs
Enterprises bump up prices on rising raw material costs
BUSINESSicon  07/05/2021 

With raw materials prices rising, enterprises are hiking prices to protect their profit margins.

PAN Group entrusted with protection of ST24 and ST25 rice trademarks in int'l markets
PAN Group entrusted with protection of ST24 and ST25 rice trademarks in int'l markets
BUSINESSicon  06/05/2021 

The PAN Group has been authorised to register ownership rights for the ST24 and ST25 rice varieties in foreign markets and protect related trademarks.

Trademark trickery blurs rice status
Trademark trickery blurs rice status
BUSINESSicon  06/05/2021 

Unlike regional competition, Vietnamese branding approaches of well-established rice varieties could still see some improvements because of existing ambiguities in the product development strategies of the responsible government agencies.

Tech-led foundation crucial in e-commerce
Tech-led foundation crucial in e-commerce
BUSINESSicon  06/05/2021 

Vietnam’s e-commerce development is a bright spot for Industry 4.0 with a high growth rate of 20-30 per cent.

Business health to come first in future wage date changes
Business health to come first in future wage date changes
BUSINESSicon  06/05/2021 

In addition to recommending against an increase in wages this year, many experts and businesses have also opposed proposals to change the timing of regional minimum wage changes from January 1 to July 

GDVC licenses Hateco Group’s customs clearance site for post and courier items
GDVC licenses Hateco Group’s customs clearance site for post and courier items
BUSINESSicon  06/05/2021 

The General Department of Vietnam Customs has issued Decision No.1189/QD-TCHQ to grant an operational license for the customs clearance site for post and courier items of Hateco Group. The site is located in Long Bien Inland Clearance Depot in Hanoi.

Value sharing and opportunities for Vietnamese suppliers in global value chain
Value sharing and opportunities for Vietnamese suppliers in global value chain
BUSINESSicon  06/05/2021 

Multinationals corporations and foreign-invested enterprises increasingly focus on sustainability in their cooperation with local suppliers, 

BOT investors face debt, heavy losses for massive loans
BOT investors face debt, heavy losses for massive loans
BUSINESSicon  06/05/2021 

Build-operate-transfer (BOT) investors are falling into a debt trap and incurring heavy losses due to a decline in the toll fee collection, 

Natural island estate attracts foreign investors
Natural island estate attracts foreign investors
BUSINESSicon  05/05/2021 

Not only attracting domestic customers, residential areas on natural islands also attract overseas Vietnamese and foreign investors thanks to convenient, classy and private ecological living spaces.

Selling cars and smartphones, Vietnam’s No. 1 billionaire earns huge profits
Selling cars and smartphones, Vietnam’s No. 1 billionaire earns huge profits
BUSINESSicon  07/05/2021 

The first quarter profit of Vingroup, owned by Vietnam’s richest man Pham Nhat Vuong, increased five times over the same period last year thanks to three major real estate projects and high growth in sales of VinFast cars and smartphones.

More local banks have young leaders
More local banks have young leaders
BUSINESSicon  06/05/2021 

Ms. Tran Thi Thu Hang, CEO of Sunshine Group, has become the youngest leader in Vietnam’s banking industry after being appointed chairwoman of KienLongBank.

VIETNAM BUSINESS NEWS MAY 6
VIETNAM BUSINESS NEWS MAY 6
BUSINESSicon  06/05/2021 

Vietnam’s production rises at fastest pace since Nov 2018

Samsung Vietnam wants to buy renewable energy directly from producers
Samsung Vietnam wants to buy renewable energy directly from producers
BUSINESSicon  05/05/2021 

Samsung Vietnam has asked the government for a renewable energy pilot project that will enable the company to buy electricity directly from producers, instead of through the monopoly distributor Vietnam Electricity.

UCC coffee quality contest aims at supporting VN coffee production and farmers
UCC coffee quality contest aims at supporting VN coffee production and farmers
BUSINESSicon  06/05/2021 

Through the annual UCC Coffee Quality Contest, UCC Group has been contributing to promoting and improving the quality of Vietnamese coffee, towards the goal of sustainable development.

Securities firms set high profit targets for 2021 on positive stock market
Securities firms set high profit targets for 2021 on positive stock market
BUSINESSicon  05/05/2021 

As the market benchmark VN-Index broke the psychological level of 1,200 points, along with many positive outlooks about the market, securities firms set big growth targets for 2021.

Purchase of second homes by well-off families rises in rural areas outside big cities
Purchase of second homes by well-off families rises in rural areas outside big cities
FEATUREicon  07/05/2021 

The play of children in Hoa Binh was interrupted recently by luxury cars passing by driven by wealthy people who were seeking to buy land in their home village.

Covid-19 hits hard: thousands of job lost and working hours cut
Covid-19 hits hard: thousands of job lost and working hours cut
FEATUREicon  07/05/2021 

While carrying passengers from Tan Son Nhat International Airport to Mekong Delta recently, Huy, a worker at a transport firm, talked about Covid-19, noting that this is an unprecedented crisis in her last 20 years of working.

Vietnam Trade Office working to protect rice trademark in Australia
Vietnam Trade Office working to protect rice trademark in Australia
BUSINESSicon  05/05/2021 

The Vietnam Trade Office in Australia has said it has taken measures to protect Vietnamese rice trademarks after an Australian firm registered for trademark protection of rice varieties ST24 and ST25.

Copper production at the country’s largest mine
Copper production at the country’s largest mine
BUSINESSicon  05/05/2021 

During the holidays, workers at Sin Quyen and Tang Loong copper smelting factory in Lao Cai have still been on duty to manufacture and provide tonnes of 99.9% purity copper for electrical appliance production factories across the country.

 
 
 
Leave your comment on an article

OR QUICK LOGIN