Green Economy Transition in Global Growth Models and Vietnam's Strategy

In the face of global climate change and dwindling resources, the green economy is emerging as a new growth model and development strategy for nations. In this context, Vietnam is also adopting national green growth strategies and heading toward sustainable development goals.

The Importance of the Transition to a Green Economy

In the context of increasingly dwindling natural resources and the challenges posed by unpredictable climate change, the green economy is seen as a way to cope with the limitations of the traditional growth model and to establish a new set of rules for global competition.

The green transition is not viewed merely as an environmental issue, but rather addressed as a long-term national development strategy.

Global Standards and Policies

Since the Rio+20 Summit held in 2012, the green economy has been defined as a structure featuring low carbon emissions, efficient resource use, and social inclusivity.

As countries integrate these principles into their national policies, the European Union has implemented the European Green Deal, China has put forward carbon neutrality targets, and standards such as the Carbon Border Adjustment Mechanism are reshaping global trade.

Vietnam's Vision and Strategy

Vietnam has adopted the National Green Growth Strategy for the 2021–2030 period with a vision toward 2050.

Moving away from the old model reliant on fossil fuels, the country is focusing on innovation, digital technology, renewable energy, and the circular economy.

Targets and Competitiveness

Within the framework of the strategy, the targets by 2030 include reducing greenhouse gas emission intensity per GDP by at least 15 percent, maintaining forest cover at 42 to 43 percent, and increasing the share of renewable energy.

For Vietnam, a developing and export-oriented economy, this green transition constitutes a vital condition for protecting export markets and national competitiveness.