Mindset, awareness changes needed to obtain true green growth: minister
True green growth must be a process of changing the mindset and awareness in production, consumption, and the way of life, as well as the policymaking mindset, according to Minister of Planning and Investment Nguyen Chi Dung.
Wind turbines in a coastal area of the Mekong Delta province of Soc Trang (Photo: VNA)
Hanoi (VNA) – True green growth must be a process of changing the mindsetand awareness in production, consumption, and the way of life, as well as the policymakingmindset, according to Minister of Planning and Investment Nguyen Chi Dung.
In particular,it needs to be realised by taking green transition solutions based on science,technology, and innovation, he told a recent conference.
The official notedthat Vietnam views green growth as a long-term choice to ensure the harmonybetween greenhouse gas emission reduction and economic growth.
To the country, green growth towardseconomic prosperity, environmental sustainability, and social equality is notonly an inevitable choice but also a chance to become a pioneer in the region,catch up with the world’s development trend, and realise its commitmentto achieve net-zero emissions by 2050, Dung added.
Thenational green growth strategy for 2021 - 2030, with a vision to 2050, targetsVietnam’s green economy reaching 300 billion USD by 2050, from 6.7 billion USDin 2020.
It identifiesgreen growth as an important solution to promote economic restructuring and growthmodel reform, enhance the economy’s competitiveness and resilience to externalshocks, and directly help reduce greenhouse gas emissions towards acarbon-neutral economy in the long run.
Besides,green growth must centre on people; be based on modern regulations and governance,science and advanced technology, and high-quality human resources; while creatingmomentum for private investors to play an increasingly crucial role in thegreen economy, the official added.
Green growthhas been creating numerous opportunities for the economy. The wind power andsolar power sector alone is capable of contributing 70 - 80 billion USD tothe gross domestic product (GDP) and generating 90,000 - 105,000 direct jobs.
When meetingdomestic demand, a clean hydrogen ecosystem based on renewable energy cancontribute 40 - 45 billion USD to GDP annually and provide some 40,000 - 50,000jobs. Clean hydrogen also holds potential to become an export to developedcounties./.
Vietnam needs to step up the approval of big projects and those supporting green growth in order to achieve the target of carbon neutrality by 2050, according to Kazuo Kusakabe, Chief Representative of Toshiba Asia Pacific Pte Ltd in Hanoi.
Domestic businesses are striving for green growth basing on three pillars of standardisation, digitalisation, and commercialisation, said a representative from the Business Association of High-Quality Vietnamese Products at a seminar on Vietnamese high-quality products and opportunities to success in the green economy in Ho Chi Minh City on March 14.
Prime Minister Pham Minh Chinh has suggested the northern province of Hai Duong focus on green growth, digital transformation and innovation based on the pillars of hi-tech and support industries, hi-tech agriculture, smart and green urban development.
Vietnam is heading toward green growth with various industries involved, generating great demand for green jobs and green skills in the labour market, according to the recruitment, staffing and outsourcing company ManpowerGroup Vietnam.
Vietnam has set a target of increasing its green economy's contribution to GDP from 6.7 billion USD in 2020 to 300 billion USD by 2050, which requires drastic and breakthrough steps, Minister of Planning and Investment Nguyen Chi Dung has said.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Wind turbines in a coastal area of the Mekong Delta province of Soc Trang (Photo: VNA) 
