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COVER STORY

the application of advanced technologies, the inefficient use of resources and energy,
developing modern infrastructure networks environmental pollution, and greenhouse
to effectively use natural resources, reducing gas emissions continue to be high.
greenhouse gas emissions, responding to
climate change, contributing to poverty EVALUATION AND ACTION
alleviation, and creating a driver to promote Faced with a pressing need, Vietnam
economic growth in a sustainable manner. has recently promulgated strategies, pro-
Discussing the effectiveness of nearly grams, plans, and projects on sustainable
ten years of implementing the Green development. In particular, prior to the 2021
Growth Strategy, Mr. Thi said individual United Nations Climate Change Conference
and community awareness about the role (COP26) in Glasgow last November, the
and meaning of green growth has increased Prime Minister approved the National Strat-
substantially, as reflected in the changes egy on Green Growth for the 2021-2030
to production and daily life and the practical period and vision to 2050, on October 1.
action being taken. Many models on eco- At the same time, within global value After 35 years of
nomical and safe production and con- chains, green growth goals have been ‘Doi Moi’ (Renovation),
sumption have also appeared, imbued with backed by regulations and criteria in many Vietnam is a success story
the national identity and in harmony with new-generation bilateral and multilateral in rising up from
nature. Landscapes and living environments free trade agreements (FTAs) Vietnam has
are both changing in a positive direction. signed. In order to promptly create underdevelopment.
However, according to the general resources and motivation for socio-eco- To continue to grow rapidly
assessment of the government and certain nomic recovery and development in the
international organizations, Vietnam’s context of safe and flexible adaptation to and sustainably in the years
economy has not developed sustainably, and effective control over the Covid-19 to come, it must not only call
and the quality of growth, productivity, pandemic, the NA issued Resolution No. for foreign investment but
efficiency, and competitiveness remains 43/2022/QH15 dated January 11, 2022 also mobilize and link
low. The macroeconomic balance is not on fiscal and monetary policies for sup-
yet stable, because development still relies porting the socio-economic recovery and domestic and foreign
heavily on the exploitation of natural development program, and Resolution No. resources for development
resources and investment. Labor intensity, 31/2021/QH15 dated November 12, 2021 and rapidly transition to a
on the restructuring plan of the economy
in the 2021-2025 period. Under these, the green growth model.”
NA assigned the government to quickly
adopt breakthrough policies, with priority Mr. Ta Dinh Thi,
given to encouraging innovation, digital National Assembly Deputy and Vice-Chairman
transformation, the digital economy, the of the National Assembly’s Committee on
green economy, and the circular economy, Science, Technology and Environment
in line with sustainable development.
“This clearly affirms that green growth
is not only a long-term trend but also a accelerate effective green growth,” he added.
need, an immediate and urgent requirement The development strategies and models
for current implementation,” Mr. Thi said. of many countries are under pressure to
“If economic sectors are slow to ‘turn green’ change amid the Covid pandemic, thus
An economy deeply and if businesses are slow to ‘go green’ in revealing more unsustainability, especially
in existing production and consumption
integrated into the their operating models and production, patterns, according to Deputy Minister of
investment, and trade processes, we will
region and the world like forgo many opportunities for cooperation Foreign Affairs Ha Kim Ngoc. Along with
Vietnam will certainly not and development.” that, climate change continues to be one of
He also emphasized that over the course
be immune to shocks. of this decade and the next, the major the greatest challenges of the 21st century.
But he also emphasized that globalization
But with a mindset of trend in global competition will be green 4.0, which is characterized by technological
proactively overcoming all competition. Economies, localities, busi- advances, opens up unprecedented devel-
challenges and turning nesses, and citizens must quickly adapt, opment opportunities. In that context, all
countries need to identify governance models
take immediate action, and continually
them into opportunities, promote green transformation. that are suitable to the new circumstances
we see the recovery process According to calculations from the Min- and models that promote resilience and
as something that opens up istry of Planning and Investment and the creativity to overcome the crisis as well as
lay a foundation for the future in building
World Bank, the implementation of Viet-
new horizons to build a nam’s green growth strategy to 2030 is a safer, more prosperous, and more sus-
green economy in line with expected to cost some $30 billion. The tainable country and society. Both the
the orientations stated by State budget can only meet around 30 per public and private sectors recognize the
imperative of strengthening economic
cent, with the remainder expected to come
Party Congress XIII.” from the private sector, including the foreign resilience, and development goals are being
business community. “What needs to be adjusted towards emphasizing the compo-
Mr. Ha Kim Ngoc, done now is to identify solutions to access nents of sustainable development, with a
Deputy Minister of Foreign Affairs resources, which help spread value and focus on quality rather than quantity. %

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