Green growth opens up many opportunities for businesses and investors.

Green growth and sustainable development are inevitable trends that any country must implement to solve climate and environmental problems, while ensuring socio -economic development...

Speaking at the workshop “Sustainable Development 2023” with the theme of Responsibility - Our Actions organized by Dau Tu Newspaper on November 16, Deputy Minister of Planning and Investment Tran Quoc Phuong assessed that the pressures on transforming development methods, especially the commitment to zero net emissions by 2050 in the context of resource and energy shortages, low level of science and technology development... will put the Vietnamese economy in front of many challenges.

However, new development methods and models such as green growth, ecological economic development, circular economy, sharing economy, etc., along with scientific and technological advances, are providing the Vietnamese economy with many options for rapid and sustainable growth.

Sharing at the workshop, organizations and businesses also showed the efforts, responsibilities and actions from stakeholders to realize sustainable development goals.

With the view that retailers promote sustainable consumption and green lifestyle, Ms. Nguyen Thi Ngoc Hue - Director of Human Resources, Communications and External Relations of AEON Vietnam said that sustainable consumption is one of the important contents of the National Strategy on green growth for the period 2021-2030.

Retailers, as a bridge between manufacturers and consumers, play an important role in guiding and promoting sustainable consumption behavior of customers.

Workshop “Sustainable Development 2023” on November 16. (Photo: Hong Khanh)

In fact, this Japanese retailer has implemented a project to "Reduce single-use plastic waste" throughout the system. Since the first AEON Supermarket and Department Store opened in 2014, 100% of shopping bags in AEON Vietnam's supermarket and department store areas are biodegradable. AEON Vietnam also implements initiatives such as "Rent a bag" - a service that lends customers environmental bags when shopping for only 5,000 VND/bag...

Mr. Nguyen Duy Thuan, CEO of Loc Troi Group, said that by 2030, Vietnam is expected to generate 120 million tons of carbon emissions, of which rice cultivation accounts for half of the emissions.

To reduce greenhouse gas emissions, according to the CEO of Loc Troi Group, the company is improving biological products, applying circular economy and green development.

Loc Troi's goal is to create 10 million carbon certificates in the Mekong Delta. In terms of biology, Loc Troi has committed to the Ministry of Agriculture to balance the three elements of chemistry, biology and organic in its crop care products.

The second is circular products such as bioplastics produced from rice husks and glutinous rice. For green development, Loc Troi has achieved carbon criteria and commercialized for the international market.

Challenges and opportunities

In the context of the world experiencing unprecedented difficulties, implementing the United Nations Sustainable Development Goals (SDGs) as well as the Net Zero target has become an even greater challenge.

For Vietnam, this road is more bumpy and difficult, but green growth and sustainable development are inevitable trends.

Deputy Minister Tran Quoc Phuong emphasized that implementing green growth and sustainable development goals is both a challenge and an opportunity for the business community and investors.

As the national focal point for green growth, the Ministry of Planning and Investment proposes a number of key solutions to promote and transform the implementation of sustainable development goals in the coming time.

In particular, perfecting and improving the quality of socialist-oriented market economic institutions; enhancing the effectiveness and efficiency of policy implementation through public administrative reform and continuing to promote the participation of disadvantaged groups in the decision-making process.

Stabilize the macro economy, support recovery after Covid-19; mobilize and effectively use financial resources for sustainable development.

At the same time, continue to promote reform of the social security system to ensure increased resilience to shocks and support for vulnerable groups.

In addition, effectively manage and use resources; strengthen environmental protection and respond to climate change, prevent and mitigate natural disasters; promote the development of green economy, circular economy... Thereby opening up many opportunities for businesses and investors.

Vietnamnet