Enterprises accompany the Government in green transformation in the digital age

Doanh nghiệp đồng hành với Chính phủ chuyển đổi xanh trong kỷ nguyên số- Ảnh 1. — Annual Vietnam Business Forum 2025 (VBF 2025) - Photo: VGP

Forum of commitment and action

Speaking at the annual Vietnam Business Forum 2025 (VBF 2025) on the afternoon of November 10, Mr. Ho Sy Hung - Chairman of the Vietnam Federation of Commerce and Industry (VCCI), Co-Chairman of the Vietnam Business Forum Alliance (VBF) emphasized: This is not just a regular dialogue forum, but a forum of commitment.

This year's theme "Businesses accompany the Government in green transformation in the digital age" carries a strategic message, demonstrating the determination of the domestic and foreign business community and the Government to realize national development goals.

Mr. Ho Sy Hung said that the domestic and international business community is committed to being a reliable partner, proactively providing resources, technology and international expertise to work with the Government to solve major national problems.

"We appreciate the strategic vision and strong leadership of the Government in promoting these two growth pillars. The Net Zero 2050 commitment and national digital economy strategies have created a clear roadmap," said Mr. Ho Sy Hung.

According to the Chairman of VCCI, the VBF Forum is a symbol of close cooperation - where FDI enterprises and domestic enterprises together "offer advice" and advise the Government on solutions to improve the investment environment, bringing the Party and State's orientations into life.

At VBF 2025, the VBF Alliance compiled hundreds of recommendations from businesses, focusing on bottlenecks that need to be removed to promote green transformation and digital transformation.

Doanh nghiệp đồng hành với Chính phủ chuyển đổi xanh trong kỷ nguyên số- Ảnh 2. — Mr. Ho Sy Hung - Chairman of Vietnam Federation of Commerce and Industry (VCCI), Co-Chairman of Vietnam Business Forum (VBF)

4 breakthroughs recommended by businesses

VCCI leaders said that the business community's recommendations focus on four major groups of issues.

First, a breakthrough in institutional improvement and improved enforcement quality. This is an urgent requirement, reflecting the spirit of Resolution 66 on law-making and enforcement. Enterprises need a stable, transparent, predictable and consistent legal framework between localities. Recommendations sent to the Government emphasize the need to completely resolve problems related to taxes, VAT refunds, customs and land.

Second, the VCCI representative proposed to perfect the mechanism for green transformation to implement the Power Plan VIII and Resolution 70. Accordingly, it is necessary to remove barriers to financial feasibility (bankability) of large-scale power projects such as offshore wind power and LNG. At the same time, green finance and carbon credit markets must soon come into reality.

Third, representatives of the business community proposed developing "soft" infrastructure for the digital era, in the spirit of Resolution 57. The digital era requires a flexible legal corridor in data management, network security and e-commerce. In particular, the issue of high-quality digital human resources is a big challenge, requiring coordination between the Government and businesses - as the spirit of Resolution 71 on education has clearly pointed out.

Fourth, it is necessary to unblock capital flows for the private economic sector according to Resolution 68. Every transformation requires capital, in which upgrading the stock market, creating conditions for FDI enterprises to list and developing diverse financial products are important tasks.

Mr. Ho Sy Hung emphasized: The business community at VBF is deeply aware of its role, considering this companionship as two parallel pillars - FDI enterprises with international technology and standards, and Vietnamese enterprises with the capacity to absorb, connect and spread sustainable development, in the spirit of Resolution 68 and Resolutions 138 and 139 of the Government.

The VBF Alliance, with the participation of VCCI and international business associations, is committed to being a real bridge, supporting the connection between the two business sectors, and participating more deeply in the global supply chain.

Speaking at VBF 2025, Mr. Dau Anh Tuan - Deputy Secretary General of VCCI said that the two major current trends are innovation in FDI attraction thinking and promoting green transformation in terms of policy and implementation.

According to VCCI, Vietnam’s investment environment is recovering positively, with international investors increasingly confident in its long-term prospects. However, new-generation FDI does not only seek low costs but also focuses on a transparent environment, the ability to connect domestic supply chains and a commitment to sustainable development.

The trend of shifting from large-volume to high-value production, from export to serving the domestic market, requires Vietnam to upgrade its institutions, human resources and policies to support domestic enterprises.

In particular, the results of the Provincial Green Index (PGI) published by VCCI in May 2025 show that localities have made significant efforts to improve the green business environment. However, the burden of administrative procedures, informal costs and lack of synchronization remain major barriers.

From that reality, VCCI proposes three key groups of solutions to realize the goal of building a green and dynamic Vietnam in the new era.

Firstly, it is necessary to reform institutions, improve the quality of management and policy implementation. The top priority is to reform administrative procedures in the fields of investment, land, environment and construction. Comprehensive digitalization of processes, public progress and a one-stop mechanism will help reduce compliance costs, increase transparency and service efficiency.

At the same time, it is necessary to improve inspection and examination activities based on risk management principles, avoid overlaps, and reduce unnecessary intervention. Publicizing the process, criteria, and results of handling will increase trust and fairness in law enforcement.

Second, VCCI believes that it is necessary to promote investment and development of green enterprises, recommending the development of carbon credit markets, green bonds and credit guarantee mechanisms for small and medium enterprises. Banks should be encouraged to build a portfolio of green financial products and apply preferential interest rates. At the same time, a set of national criteria on green investment projects should be issued to serve as a basis for tax, land and loan incentives.

For small and medium-sized enterprises, technical assistance programs, green transformation consulting, ESG training and environmental certification support are needed. The "green business incubator" model can be piloted in key localities to create an innovation ecosystem.

Third, Mr. Dau Anh Tuan emphasized the importance of enhancing the role and initiative of local governments. Green transformation needs to start from the grassroots. Integrating the PGI into management assessment will create a clear and transparent driving force for reform.

"The budget needs a flexible incentive mechanism, allowing localities with good results to reinvest in green initiatives. VCCI recommends that provinces establish green transformation working groups with the participation of businesses, associations, experts and authorities, to promote effective public-private cooperation," Mr. Dau Anh Tuan suggested.

Mr. Minh

Source: https://baochinhphu.vn/doanh-nghiep-dong-hanh-voi-chinh-phu-chuyen-doi-xanh-trong-ky-nguyen-so-102251110163325618.htm