Green growth - A new approach in economic growth: Planning minister
Green growth has become an inexorable trend and a goal that all countries are aiming for, Minister of Planning and Investment Nguyen Chi Dung told a consultation conference on compiling a national strategy on green growth in the 2021-2030 period, with vision to 2045 towards 2050, held in Hanoi on March 29.
Minister of Planning and Investment Nguyen Chi Dung (Photo: VNA)
Hanoi (VNA) - Green growth has become an inexorable trend and a goalthat all countries are aiming for, Minister of Planning and Investment NguyenChi Dung told a consultation conference on compiling a national strategy ongreen growth in the 2021-2030 period, with vision to 2045 towards 2050, held inHanoi on March 29.
Choosing green growth is considered a newapproach in economic growth to achieve comprehensive prosperity, especially incountries seriously affected by climate change, Dung said, adding that greengrowth contributes to reforming the growth model, strengthening the economy’s resilienceand reducing humanity’s vulnerability to external shocks.
Vietnam is among the countries most severelyaffected by climate change, natural disasters, and diseases. It is stepping upthe transformation of the growth model in an intensive and effective manner andspeeding up post-pandemic recovery.
Therefore, the development of the nationalstrategy on green growth in conformity with the new context is a goal andpriority to achieve economic prosperity, Dung affirmed.
Le Viet Anh, head of the Ministry of Planningand Investment’s Department of Science, Education, Natural Resources andEnvironment, said that the strategy demonstrates Vietnam’s responsibility,sharing, and cohesion in realizing international commitments and serves as abasis for balancing domestic resources, mobilizing international resourceseffectively, and harmonising the socio-economic development roadmap withemission reduction goals, thus helping to increase the efficiency of publicinvestment allocation and monitor and evaluate the implementation of climatechange and green growth projects in the medium and long terms.
At the conference, representatives fromministries, sectors, and the embassies of the Republic of Korea, the Netherlands,and the UK in Vietnam, and international organisations and development partnerssuch as the World Bank, the Asian Development Bank, and the UN DevelopmentProgramme contributed ideas to the strategy and agreed with its new features.
They committed to supporting and standing side-by-sidewith Vietnam during implementation.
The draft strategy is expected to be submittedto the Prime Minister in June./.
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Deputy Prime Minister Trinh Dinh Dung has asked the Ministry of Natural Resources and Environment to formulate a set of green growth criteria for Vietnam to better harmonise economic growth with environmental protection.
Building and implementing a national strategy on green growth for 2021-2030 is necessary to deal with limitations and shortcomings during the 2012-2020 period, and get updated on the domestic and global situation, an official has said.
Vietnam and ASEAN countries need to adopt green manufacturing technologies to make sustainable new products and services, heard a recent international conference in southern Binh Duong province.
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The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Minister of Planning and Investment Nguyen Chi Dung (Photo: VNA) 
