Vietnam is transitioning to a green industrial model to secure a prosperous and resilient future. The government has issued guidelines and policies, including the National Green Growth Strategy and the Law on Environmental Protection, to promote sustainable development and reduce greenhouse gas emissions. The country aims to reach net-zero emissions by 2050 and has set targets to accelerate the development of renewable energy sources. Incentive policies have been introduced to support businesses in accessing preferential loans and upgrading technologies.
Despite challenges, Vietnam has made progress in its industrial development, with the manufacturing and processing industry driving growth. The energy sector has undergone a positive structural shift, with the rapid development of renewable energy. However, the industry’s technological level remains behind that of modern industrialized countries, and domestic support industries are underdeveloped.
Experts believe that Vietnam can leverage momentum to accelerate its green transformation, attracting high-quality foreign direct investment and promoting green finance. A coordinated strategy is needed, including reviewing and strengthening legal and policy frameworks, promoting green finance, and building enterprise capacity and a skilled workforce. Successful green transformation will be a defining milestone in Vietnam’s development journey.