With the green growth model, the carbon credit market is the decisive economic tool to promote greenhouse gas reduction and climate response.

Vietnam is set to make a groundbreaking entry into the 'low-emission' rice market in Japan, with its first export shipment in June.

The WB also urges Vietnam to build a professional and efficient civil service with improved pay and clear accountability, supported by institutions that ensure due process, transparency, and independent oversight.

Green growth is no longer a choice but a pressing necessity, particularly for developing nations like Vietnam, according to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

As of March 2025, 58 credit institutions in Vietnam had outstanding green loans, a sharp increase from 15 in 2017. The average growth rate of outstanding green loans in the 2017-2024 period reached over 21% per year, higher than the growth rate of outstanding loans for the economy.

As part of its 2024 green growth efforts, Hai Phong implemented initiatives across 17 sectors. These included building and refining legal and policy frameworks as well as strengthening state management in line with green growth objectives.

Vietnam is laying the groundwork to unlock its vast offshore wind energy potential, which could serve as a cornerstone for its green growth strategy and long-term climate goals.

The theme for the P4G Summit “Sustainable and People-Centered Green Transition” put forward by Vietnam has received strong support and broad consensus from delegates.

In Vietnam, a large-scale waste-to-energy facility using Japanese technology has been established in the northern province of Bac Ninh. Additionally, a Johkasou system has been installed in Ha Long Bay, the northern coastal province of Quang Ninh, through Japanese non-refundable aid and support from the Japan International Cooperation Agency (JICA), contributing to improved water quality, landscape conservation, and tourism development.

Ministerial discussions were held on April 17 within the framework of the 4th Partnership for Green Growth and the Global Goals 2030 (P4G) Summit, bringing together domestic and international officials to address critical aspects of sustainable development and green transition.

Receiving UN Deputy Secretary-General Amina J. Mohammed, who is in Vietnam to attend the 4th Partnering for Green Growth and the Global Goals 2030 (P4G) Summit in Hanoi on April 17, State President Luong Cuong proposed the UN to continue supporting Vietnam in several priority areas, including realising the Sustainable Development Goals, building a rule-of-law state, digital transformation, green transition, addressing climate change, and tackling global challenges.

Lao Prime Minister Sonexay Siphandone highlighted the significance of the event, saying that it reflects Vietnam’s proactive role and practical contributions to global efforts toward green growth, green transition, and sustainable development.

Amidst escalating global trade, Vietnam and Denmark should capitalise on all opportunities and potential to bolster collaboration in the areas where Denmark has strengths and Vietnam has priorities such as renewable energy, green energy, infrastructure, blue economy, and circular economy for mutual benefits, said Deputy PM Bui Thanh Son.

The summit is expected to adopt two key declarations: The Hanoi Declaration on Sustainable and People-Centred Green Transition and The Declaration on Strengthening Multilateral and Institutional Partnerships to Promote Green Transition and Sustainable Development.

State President Luong Cuong assessed that the two countries still have much room for cooperation, adding the two sides need to coordinate to promote effective and substantive implementation of cooperation areas, especially in politics, defence, security and economy, striving to soon achieve the target of 150 billion USD in bilateral trade by 2030 in a balanced and sustainable manner.

Vietnam is accelerating strategic breakthroughs and making the best preparations for a development path that is rapid, green, inclusive, and sustainable, Party General Secretary To Lam said.

In Vietnam, the potential is enormous: investments in renewable energy and sustainable infrastructure could generate up to half a million new jobs by 2030, especially in sectors such as solar power, energy efficiency, and clean transport.

RoK Minister of Foreign Affairs Cho Tae Yul will visit Vietnam from April 15 to 17 to attend the fourth Partnership for Green Growth and the Global Goals 2030 (P4G) Summit.

A series of Green Transformation Day 2025 events is expected to create a strong influence, raising awareness among the community, businesses and stakeholders about the key role of sustainable development.

The TRVC project is making significant progress toward developing a sustainable and climate-resilient rice value chain.