Today: 05/12/2023 20:00:00 (GMT+7)

Supporting enterprises to implement “green economy” transition

“Green economy” is simply defined as an economy with low emissions and efficient and economical use of natural resources.

Vietnam is determined to pursue the goal of fast and sustainable economic growth combined with environmental protection. The country is committed to reducing net emissions to zero by 2050 and unanimously supports major declarations and initiatives on forest protection and transition to renewable energy.

Supporting enterprises, green economy, low emissions, economical use of natural resources, forest protection

Illustrative image.

Vietnam considers the building of a green economic structure with three pillars: agriculture, industry, and services adaptable to climate change. However, during the process of developing a green economy, many problems have arisen while several policies and regulations have not been completed and only mentioned the approach towards green growth.

Another obstacle is that the production, consumption and living habits of the majority of businesses and people remain wasteful, with a lack of awareness of protecting natural resources and the environment. In addition, there is limited funding and resources for building a green economy, while almost all production technology of enterprises is outdated and energy-consuming.

Most businesses have little awareness of the green economy or do not have human resources who are knowledgeable about environmental laws. Meanwhile, environmental regulations are complicated and not easily accessible and environmental compliance costs remain high.

According to a survey by the Vietnam Confederation of Trade and Industry (VCCI), only 31.8% of domestic private enterprises clearly understand environmental regulations and 68% of businesses are negatively affected by climate change. Meanwhile, 44% of domestic enterprises and 38% of FDI enterprises admit that they have not fully complied with environmental regulations. Notably, up to 91% of businesses believe that environmental protection is the responsibility of local authorities and the percentage of businesses that think they need to be responsible for the environment is much lower.

Facing the trend of green economic development in the world, many domestic enterprises have pioneered model innovation associated with sustainable and environmentally friendly development.

Enterprises in industrial parks and export processing zones have focused on two main goals, limiting emissions of CO2 and toxic chemicals into the environment and developing new energy sources and new environmentally friendly technologies.

In agriculture, the trend of producing and exporting organic agricultural products has also begun to rise, meeting the world’s consumption demand, thanks to the positive effects that organic products bring to human health, the environment and the ecosystem.

It is necessary to ensure the participation of businesses in the development and enforcement of environmental laws so that Vietnam can fulfil its commitment to reducing net emissions to zero by 2050. It is also advisable to facilitate enterprises to get access to policies and laws on environment and sustainable development.

The State should soon perfect policies and laws on green growth and invest more resources in the development and application of high technology and green energy, especially in production and export, to meet the requirements of the international market.

At the same time, there needs mechanisms and policies to mobilise appropriate financial resources for green economic development, which are considered an important foundation for promoting green economic development of Vietnam in the future.

Vietnam gets green light to export fresh husked coconut to US
The US Department of Agriculture (USDA)’s Animal and Plant Health Inspection Service (APHIS) has announced its permission for Vietnam to export fresh husked coconut to the country.
Forum discusses promotion of green production and consumption
The Ministry of Industry and Trade and VTC Digital Television jointly organised a forum entitled “Promoting sustainable production and consumption in the modern distribution system”, in Hanoi on August 1, as part of the events of the National action programme on sustainable production and consumption for the 2021-2030 period.
Vietnam ranks 28th globally in green building construction
With over 250 LEED-certified buildings constructed in the last decade, Vietnam is increasingly demonstrating the relevance of "green" aspect in construction.
Vietnam seeks stronger green finance ties with Luxembourg
A delegation of the Ministry of Finance (MoF) led by Minister Ho Duc Phoc paid a working visit to Luxembourg from July 5 to 8.
Bac Giang mobilizes resources for green energy development
(BGO) - According to the provincial Planning in 2021-2030 period with a vision to 2050, Bac Giang strives to provide over 2,300 MWp of rooftop solar power by 2030. To achieve this goal and implement the Government's direction, the province has actively implemented solutions to develop rooftop solar power and create green energy source.

Source: NDO

Supporting enterprises, green economy, low emissions, economical use of natural resources, forest protection
New comment has just been added. Click here
Sort:NewBest News