Vietnam has been actively implementing many strategies and policies towards a green, environmentally friendly economy. However, for these goals to be effectively realized, it is necessary to build a synchronous, transparent and feasible green financial ecosystem.
According to the Ministry of Science and Technology, Vietnam currently has more than 4,000 innovative startups, but only about 5-7% of businesses focus on the green transformation sector. This figure shows that Vietnam still has a great opportunity to expand and encourage green startup projects, promoting sustainable growth.
An important factor to strongly promote green startups is to create an effective, transparent and clear financial support system.
Investors need a reliable data platform, specific and clear standards to identify and support projects that truly bring environmental benefits.
Building a green project classification system along with a green credit data platform will help investment capital flow to the right place where it is needed, creating a widespread and long-term impact.
Experience from countries such as Singapore and China shows that the construction of an ESG data system (a collection of information, indicators of the sustainability and social responsibility of a business, project or investment product) and clear criteria have helped these countries quickly and effectively develop a green financial market.
Vietnam can completely learn from and apply these successful models, combined with domestic reality to gradually perfect its own green finance system.
In particular, credit institutions and banks will play a very important role in promoting green growth through concretizing support policies, creating real motivation and attractiveness for businesses to boldly participate in the transformation process.
At the same time, raising public awareness of green lifestyles through educational, communication and digital technology application activities also needs to be focused on. When each citizen understands and participates in the green transformation process, big goals will be easier to achieve.
Building a green financial ecosystem is not only a technical solution but also an opportunity for Vietnam to move towards a sustainable development future in harmony between economic benefits and environmental protection.
With the consensus and effective coordination of stakeholders, green growth will soon become a strong driving force for sustainable and prosperous development of the country.
