Green economy forum: green growth becomes mainstream trend
Green growth, green economy and circular economy are becoming mainstream trends in the world economy, experts said at the Green Economy Forum in Ho Chi Minh City on April 22.
HCM City (VNA) – Green growth, green economy and circular economy arebecoming mainstream trends in the world economy, experts said at the GreenEconomy Forum in Ho Chi Minh City on April 22.
Assuch, green economy and green growth are opening up the road to sustainabledevelopment for businesses after the period of crisis due to the COVID-19pandemic.
Shifting to green economy and green growth will help businesses increase theircompetitiveness and catch up with trends on the domestic and foreign markets,experts said.
Onthe other hand, changes in consumers’ behaviours in the context of the COVID-19pandemic require suppliers and retailers to supply goods meeting “green”standards with transparent information. The rising trend of “green” lifestylehas posed new requirements for Vietnamese businesses in the race to enhancetheir competitive capacity.
According to Director of the Institute for Brand and Competitiveness Strategy (BCSI) Vo Tri Thanh, two factors behind greengrowth is digital transformation and circular economy. Under free tradeagreements, if firms do not adopt “green” production and business, theirproducts will not be chosen by consumers, thus their competitive edge is lost, Thanhsaid.
“Green growth is prompted by the market’s demand, not just by policies or legalregulations,” he said, adding that reality has shown that green growth hashelped firms and brands gain better resilience in both medium and long term.
Vietnam has issued a national strategy on green growth and a national plan ofaction on sustainable production and consumption for 2021-2030 with key targetsrelated to green economy.
Dao Xuan Lai from UNDP Vietnam said the transformation to green growth requiresbig investment at the start, and policy on investment support is necessary for thebusiness community./.
The Live and Learn for Environment and Community (Live and Learn Vietnam) organized an online talkshow “When young people do green economy” on December 26, as part of the “Green Generation Youth Action for Climate and Sustainable Energy” project sponsored by the Danish Embassy in Vietnam.
The green economy will create 4.4 million new jobs in Indonesia in 2030, Antara news agency reported, quoting Deputy for Economic Affairs at the Indonesian Ministry of National Development Planning (Bappenas) Amalia Adininggar Widyasanti as saying at the Green Jobs Conference.
Singapore and New Zealand will be working more closely on the green economy and the fight against climate change, Singaporean Prime Minister Lee Hsien Loong said during a joint press conference with New Zealand Prime Minister Jacinda Ardern on April 19.
A webinar to share experience and ideas of transition to a green economy of Europe countries through the European Green Agreement (EGA) took place on April 200, gathering participants from Hanoi, Da Nang and Thua Thien – Hue.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Speakers at the forum (Photo: VNA) 
