(VOVWORLD) - Vietnam, with its geo-economic potential in the global supply chain, has a huge opportunity through green growth to create breakthroughs in economic, social, and environmental development.
 An overview of the conference (Photo: Ba Toan/VOV)
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Vietnam identifies green growth as a long-term strategy to balance the reduction of greenhouse gas emissions and economic growth.
To achieve the strategy’s green growth goal, Vietnam needs more breakthroughs so the green economy can contribute 300 billion USD a year to Vietnam’s GDP by 2050.
A conference “Promoting green growth in Vietnam: Roadmap to Success”, held in Hanoi on Tuesday, participants agreed that green growth is becoming the top priority in global economic development.
Le Viet Anh, Director of the Science, Education, Resource and Environment Department of the Ministry of Planning and Investment, said Vietnam will prioritize implementation of the National Strategy on Green Growth through investment policies and mechanisms, legal frameworks, and improved access to investment resources.
“Private investment plays a particularly important role in achieving green growth goals. The key to this issue is to formulate national green classification standards and criteria by sector, and identify key green growth tasks, projects, and areas to receive green growth incentives,” said Viet Anh.
He added, the Ministry of Planning and Investment will continue to coordinate with the Boston Consulting Group in conducting research and advising the Government on guidelines on green classification for the nation and for sectors.
The National Green Growth Strategy for the 2021-2030 period, with a vision to 2050, identifies green growth as a key solution to boost the restructuring of the economy in conjunction with renewing the growth model, improve competitiveness and resilience throughout the economy, and reduce greenhouse gas emissions toward a carbon neutral economy.