return icon

Vietnam promoting zero-emission economy

The Vietnamese Government is prioritizing climate change responses, green economy, sustainable development in its action programs. Therefore, businesses are advised to adapt to these concepts for their own growth.

Vietnam promoting zero-emission economy ảnh 1 

Many domestic enterprises are actively applying the models of circular economy and green economy to adapt to climate change.

They are using environmentally friendly technologies in manufacturing to reduce greenhouse gas emission for a more sustainable development. This brings various benefits not only to the businesses themselves but also to the community.

For instance, Nestlé Vietnam is cooperating with the Ministry of Agriculture and Rural Development, the Central Highlands Agro-Forestry Science and Technology Institute to support coffee farmers from selecting suitable seeds to farming practices under international standards.

As a result, 40 percent of irrigation water and 20 percent of artificial fertilizer, pesticide have been reduced, greatly improving the health of farmers and the carbon sequestration rate as well as increasing the local biodiversity.

Using the circular coffee production model, Nestlé Vietnam has decreased 12,679 tonnes of CO2 a year on average via the use of biomass energy harnessed from coffee grounds to replace 74.4 percent of DO fuel. The switch from plastic to paper straws also reduces 700 tonnes of plastic waste a year in Vietnam.

For a sustainable growth, Vietnam Dairy Products JSC. (Vinamilk) has been launching synchronous measures of organic farming, greenhouse gas monitoring under the ISO 14064 standards to manage carbon footprint, livestock raising under the European Organic and Global GAP standards, biomass and solar energy use, anaerobic technology for waste treatment, methane recycling to heat water for cow bathing.

These practical solutions have saved nearly 171kWh of electricity and 86,000m3 of water, 100kg of fuel a year while reducing the use of 980kg chemicals per year.

Mark Birnbaum, Director of the Vietnamese Private Sector Competitiveness Enhancement Project (the US Agency for International Development – USAID), commented that the ways businesses interact with their local communities and environment can affect their market access, and in turn, their success.

Sustainable business practices do not merely limit in environmental issues but also relate to human, system, and resource matters. Those companies actively investing in green development always consider their impacts on the local community, and thus being able to achieve a consistent growth as well as a stronger resilience.

Therefore, USAID has worked with the Ministry of Planning and Investment to launch the ‘Initiatives to Promote the Application of an Environmental, Social, and Governance Framework (ESG) in the Private Sector for Sustainable Growth in the 2023-2025 Period’.

The initiative will be completed via the project ‘Private Sector Competitiveness Enhancement’, with a total capital of US$36 million sponsored by USAID. It will focus on improving legal frameworks to promote the ESG practice and capacity for 100,000 small domestic enterprises, while supporting another 300 companies regarding technical aspects. These are expected to answer the demands of key export markets for a sustainable development.

Director Birnbaum said that the boost of ESG method implementation will create excellent ideas, models, typical successes, in hope of spreading the usefulness of this method to other companies for a more sustainable economy.

Deputy Minister of Planning and Investment Tran Quoc Phuong commented that climate change has been affecting all nations in the world, including Vietnam.

The new consumption trend has asked manufacturers to prioritize green sustainable production. Domestic companies must renovate themselves to follow the trend; otherwise, their competitiveness will pitifully decrease, and they cannot enter the global value chain.

Hence, the Planning and Investment Ministry has actively consulted the Government to introduce new mechanisms, policies to aid businesses to switch to more sustainable models that ensure a harmonious combination between economic efficiency and social responsibilities, environment protection, natural resources conservation. It is these models that help to fulfill the 17 goals of sustainable development of Vietnam by 2030.

All actions, directions, and goals introduced by the Government have been institutionalized in formal documents like the National Strategy on Green Growth in the 2021-2030 Period with a Vision to 2050, the Plan for Sustainable Development of the Private Sector until 2025 with a Vision to 2030, the Program to Support Sustainable Businesses in the 2022-2025 Period.

Source: SGGP


Schools lack psychological counsellors for students

Currently, most schools do not have staff specialised in psychological counselling for students.

Four new national treasures recognised

The four items, which are now preserved and displayed at Thăng Long – Hà Nội Imperial Citadel, have been recognised as national treasures, along with 23 others. Deputy Prime Minister Trần Hồng Hà has signed the decision for the recognition.

A majestic heart-shaped lake

In Yen Thinh Commune, Huu Lung District, Lang Son Province, tourists can immerse themselves in the majestic natural scenery of limestone mountains, endless steppes and peaceful villages, particularly when they visit the Lan Cut heart-shaped lake.

Ancient town’s full moon festival named intangible heritage

The annual Nguyên Tiêu Festival on the 15th of lunar January in Hội An has been recognised as a National Intangible Heritage by the Ministry of Culture, Sports and Tourism.

Ha Long Bay, Mu Cang Chai among most colourful places in the world

Vietnamese destinations Ha Long Bay and the Mu Cang Chai terraced fields during the ripening season have been selected as the most colourful destination in the world in 2023 following a vote conducted by travel magazine Condé Nast Traveler.

Hailstorm poured on Fansipan peak

A hailstorm accompanied by whirlwinds slammed on Fansipan peak in Sa Pa township in the northern mountainous province of Lao Cai in the early morning of February 5, according to the provincial hydro-meterological station.

Vietnam expects to send 10,000 guest workers to RoK this year

Vietnam’s relevant agencies have stepped up training since mid-2022 in an effort to increase the number of workers sent to the Republic of Korea (RoK).

Vietnamese PM to pay official visits to Singapore, Brunei

Prime Minister Pham Minh Chinh, his spouse and a high-ranking delegation of Vietnam will pay official visits to the Republic of Singapore and Brunei Darussalam from February 8-11.

In search of internal strength

Vietnam’s economy still relies heavily on the agro-forestry-fishery sector, as the trade surplus of this group accounted for over 75% of the national figure in 2022.


Vietnam’s airports serve more than 9.8 million passengers in January

The credit growth puzzle

The fact that banks have refrained from lending does not result from their concerns over the credit growth cap since it has already been revised up without any abrupt surge in new loans. There are other factors influencing how banks lend.


State Audit official named as deputy minister of health

Egg coffee – the unforgettable taste of Hanoi

Coffee, enjoyed any time of the day, now comes in different variants. Of them, egg coffee in Hanoi is one of the most popular.

Transport Ministry asked to disburse huge public investment capital in 2023

The Ministry of Transport's Department of Planning and Investment Director Bui Quang Thai said the plan on disbursing VND94.14 trillion for projects with completed procedures has been determined.

Runner Chinh back on track for SEA Games

Sprinter Le Tu Chinh has been back in action after months of absence because of injury.