Workshop "Sustainable Development 2025" with the theme "Driving force for the Sustainable Era" - Photo: VGP
Breakthrough opportunities from digital transformation and green transformation
Speaking at the "Sustainable Development 2025" workshop with the theme "Driving Force for the Sustainable Era" on November 27, Deputy Minister of Finance Nguyen Duc Tam emphasized that in the context of complex international developments, countries are transforming strongly in the face of the Fourth Industrial Revolution and the urgent need for green, carbon-neutral growth.
For Vietnam, this process poses both challenges and opportunities to innovate the growth model, improve competitiveness and affirm its position in the global value chain. In recent years, especially in 2025, Vietnam has proactively implemented many strategic changes to adapt to reality and move towards sustainable development.
The Party and the Government are making efforts to promote a new growth model, focusing on the private economic sector, innovation and science and technology development. Therefore, digital transformation and green transformation are not only technical requirements, but also key drivers towards the target of double-digit growth in the coming years.
"Promoting digital transformation and green transformation is one of the ways for the Ministry of Finance to affirm its position and role as a pioneering force in innovation and national economic development," Deputy Minister Nguyen Duc Tam emphasized.
Deputy Minister of Finance Nguyen Duc Tam speaks - Photo: VGP
Taking businesses and people as the center of transformation
According to Deputy Minister Nguyen Duc Tam, the Ministry of Finance is implementing a digital transformation program for the entire sector in a way that puts people and businesses at the center. The consistent spirit is innovation, digital economic development and digital finance according to Resolution 57-NQ/TW, aiming for a modern, transparent and highly adaptable finance sector.
In this strategy, the Ministry identifies science and technology as the foundation, innovation as the driving force, digital infrastructure must come first and data as a strategic resource. Digital transformation is closely linked to administrative procedure reform, database standardization and interconnection. All specialized data is being built and connected according to the principles of "correct, sufficient, clean, alive, unified, shared", and integrated with the National Financial Database. This is the basis for improving the efficiency of public financial management and promoting the digital economy and digital society.
Along with digital transformation, green transformation has been identified by the Government as a long-term development orientation, not only to meet international commitments but also to restructure the economy in a sustainable and environmentally friendly direction. Since the beginning of the year, the total value of green bonds issued has increased by more than 60%, reflecting market confidence in green development efforts. According to Deputy Minister Nguyen Duc Tam, green transformation helps reduce risks, improve energy efficiency and expand international markets for businesses.
An important milestone is the Green Classification List issued by the Ministry of Finance, including 45 types of projects in 7 sectors such as renewable energy, green transport, circular agriculture and environmental services. This is considered a big step forward in perfecting green financial institutions, supporting the identification and mobilization of resources for sustainable projects.
However, the Ministry of Finance also pointed out a number of challenges: inadequate institutions, limited financial resources, unsynchronized technology infrastructure and inadequate human resource capacity. For small and medium enterprises - accounting for 97% of all enterprises - the biggest difficulty is accessing green capital, new technology and digital data.
Faced with that reality, the Ministry is coordinating with ministries and branches to perfect financial policies, implement tax incentives, priority credit, innovation support funds and research PPP models for digital infrastructure and renewable energy. At the same time, it continues to develop the green financial market, carbon market and sustainable financial instruments.
From an international perspective, Mr. Vu Thai Truong - Head of Climate Change Department of UNDP Vietnam - said that the "Quad Pillar Resolutions" have created a strong institutional foundation, strengthened market confidence and encouraged green investment. He emphasized that Decision 21/2025/QD-TTg is a turning point when Vietnam has a unified green classification system, helping businesses identify green activities and mobilize international capital. However, according to Mr. Truong, the gap between policy and implementation is still a challenge and more guidance and data are needed to support businesses and localities in effective implementation.
Mr. Minh
Source: https://baochinhphu.vn/tai-chinh-so-va-xanh-mo-ra-khong-giant-phat-trien-moi-cho-doanh-nghiep-102251127142627018.htm
Comment (0)