Green transformation requires a synchronous support mechanism

Tường Minh |

Green transformation will create technological innovation and international integration boosts, but a synchronous support mechanism is needed from the State.

In the context of greenhouse gas emissions, energy crises and climate change becoming an existing threat, many Vietnamese businesses have begun to clearly recognize that green transformation is an inevitable path to survival.

This is also demonstrated through a series of actions: From electric cars, renewable energy to organic agricultural production, businesses strive to turn the model to a more sustainable direction.

However, this process has not been "compared to roses", the initial investment cost is very large, the infrastructure is not yet synchronous, and the support policy is not consistent.

But looking further, "greening" is not a "burden" but will open up opportunities for businesses to innovate technology and reach international markets.

First of all, green transformation comes with a fairly high initial investment cost. For example, electric car model: Transportation businesses need large capital to buy cars, install charging stations, change operating processes, and train driver skills.

Or in the industrial production sector, upgrading the chain, using clean energy, and reducing carbon emissions requires a lot of capital and technology.

Many people are concerned that the financial burden will affect profit margins, especially for small and medium-sized enterprises.

However, when green transformation is implemented properly, in the long term, operating costs will decrease thanks to more efficient processes and less resource waste.

On the other hand, increasingly severe environmental barriers in the world have become an opportunity for units to soon meet green standards.

Major markets (US, Europe, Japan...) all promote "carbon footprints" and sustainable traceability, helping "green" enterprises have the advantage of joining and staying strong.

However, individual efforts of businesses will hardly bring significant results if there is a lack of consistency from the State, banking sector and society.

To "green" become "pushes", a green credit policy is first needed. In particular, it is necessary to specify legal corridors and preferential lending processes to make it easier for businesses to access new technology investment capital.

If complicated procedures and interest rates are not suitable, " knocking on the door of a bank" to borrow capital to upgrade green infrastructure is still a distant dream, especially for small and medium-sized enterprises.

In particular, some countries have applied exemptions from import duties on components, corporate income tax, and even exemptions from registration fees for electric vehicles or clean technology.

This model should be flexibly researched and applied in Vietnam, because it encourages units to boldly participate in green transformation.

Next is general infrastructure investment. For transportation, for example electric vehicles, charging stations are an essential infrastructure for users to feel secure in using. If we only rely on private companies to implement it themselves, the charging network will develop unsynchronizedly.

The coordination and planning role of the State is very important to spread the convenience of electric vehicles, as well as other renewable energy applications.

When electric vehicle charging infrastructure, tax policies, and credit capital for green projects are developed synchronously, not only businesses will benefit from long-term costs and export market share, but consumers will also be able to buy clean products at more reasonable prices.

Another advantage is that in the context of society increasingly focusing on health, safety and environmental responsibility, "green" businesses are also easily able to conquer the trust of customers.

"greening" is truly a large investment, but at the same time, it is also the "key" for businesses to innovate technology and expand the "door" to global integration.

Tường Minh
TIN LIÊN QUAN

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Nhóm phóng viên |

Green transformation is no longer a trend but a vital opportunity for development. However, many businesses still face difficulties with the problem of costs, technology, etc.

Vietnam accelerates on the green transformation journey

Thạch Lam |

Green transformation is not only a responsibility, but also an opportunity for Vietnam to make a breakthrough, develop a green economy, and elevate its international position. Recognizing this, Vietnam has implemented many policies and solutions to speed up the transformation process.

Small and medium-sized enterprises have not boldly transformed to green

Tuyết Lan thực hiện |

small and medium-sized enterprises (SMEs) are slow, cautious and not really methodical in green transformation. They are "going in a misty lane", and do not have a fully supportive ecosystem to boldly change" - Dr. Mac Quoc Anh - Vice President and General Secretary of the Hanoi Association of Small and Medium Enterprises commented in an interview with Lao Dong Newspaper.

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Nhóm phóng viên |

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