Firms with foreign investment, MNCs can lead Vietnam's green shift

03 May '22

1 min read

Pic: Shutterstock

Enterprises with foreign investment and multinational corporations can lead the trend of green transformation in Vietnam, helping it integrate with the global market as limited domestic resources keep digital and green transformation in small and medium enterprises slow, according to Phan Xuan Dung, president of the Vietnam Union of Science and Technology Associations.

The Vietnamese prime minister approved a national strategy on green growth for 2021-2030, with a vision to 2050, which aims to help promote economic restructuring in tandem with a growth model reform, and achieve economic prosperity, environmental sustainability and social equality.

Vietnam strongly committed to net zero emissions by 2050 at the 26th United Nations Climate Change Conference of the Parties (COP26). In addition, the government’s Socio-Economic Development and Recovery Programme promulgated on January 30, 2022, also demonstrates the determination to develop a ‘green and circular economy associated with sustainable development’.

Experts feel it is necessary to make three strategic breakthroughs in institutions, human resources and infrastructure, focusing on innovation and science and technology development to realise these goals, according to a report in Vietnamese media outlet.

Fibre2Fashion News Desk (DS)

More Apparel/Garments News - Vietnam...