Green growth - the key to opening the door to sustainable economic development
Vietnam aims to achieve double-digit GDP growth by 2025, with a minimum of 8% and aiming for 10% in the next period. To achieve this goal, in addition to traditional drivers, Vietnam must effectively take advantage of new growth drivers.
According to Prof. Dr. Dinh Duc Truong - Head of the Department of Environment, Climate Change and Urban Areas (National Economics University), green growth is considered an inevitable strategy to help Vietnam not only maintain a high economic growth rate but also ensure sustainable development.
Vietnam has great potential to promote green growth, especially in renewable energy sectors such as wind power and solar power. Large-scale projects in coastal areas, where there is high radiation, not only create clean energy sources but also promote jobs and develop the renewable energy industry, contributing to reducing CO2 emissions and improving energy security. In addition, the processing and manufacturing industry also plays an important role as more and more businesses are switching to green production, applying clean technology, saving energy and reducing waste of raw materials, said Prof. Dr. Dinh Duc Truong.
Prof. Dr. Dinh Duc Truong recommended that in order to promote green growth and achieve sustainable development in the long term, Vietnam needs to synchronously implement policies to address challenges in finance, technology, infrastructure and community awareness. One of the important factors to implement the green growth strategy is to mobilize enough financial resources to implement renewable energy projects, clean technology and the circular economic model.
The government needs to focus on building green infrastructure, including renewable energy systems, smart grids, electric vehicle charging stations and waste recycling facilities. Vietnam needs to reform current policies to create a green business-friendly business environment. At the same time, developing highly qualified human resources in the fields of green technology, renewable energy and environmental management, Professor, Dr. Dinh Duc Truong recommended.
Big potential for digital economic development
According to Prof. Tran Tho Dat, Chairman of the Science and Training Council (National Economics University), to achieve the double-digit growth target, Vietnam needs to make full use of the advantages of the digital economy and solve existing challenges.
First of all, there needs to be a unified policy foundation and a clear legal framework. The State needs to issue a national digital economic development strategy with specific goals for each stage, with connectivity between ministries and branches. Completing the definition, scope and metrics of the digital economy according to international standards (OECD, WB) is an urgent step to unify data and effectively manage it, the expert recommended.
At the same time, Professor. Tran Tho Dat said that it is necessary to establish favorable financial mechanisms, in which priority is given to tax, capital, and credit support for ICT enterprises and innovative startups, especially in areas such as AI, big data, cloud computing and cybersecurity. There needs to be a policy to promote R&D investment in enterprises, encourage linkage of hospitals - schools - enterprises to create an innovation ecosystem.
Prof. Tran Tho Dat said that one of the fundamental foundations for digital economic development is telecommunications and data infrastructure. National 5G coverage, expanding fiber optic cables in remote areas, and connecting databases between ministries, branches and local governments are vital factors.
Human resource development is also a long-term strategic solution. The State needs to update the training program in information technology and digital technology in universities in a practical direction, linked to business needs - Professor. Tran Tho Dat emphasized.
