Experts assess that Vietnam's economy is undergoing a strong transformation in the face of the fourth industrial revolution and the urgent need for green growth and carbon neutrality. According to Deputy Minister of Finance Nguyen Duc Tam, promoting digital transformation and green transformation is currently one of the ways for the Ministry of Finance to affirm its position and role as a "pioneering force in national economic innovation and development."
According to Mr. Tam, the Ministry of Finance has issued and implemented the green classification list, an important policy tool for identifying, evaluating, and promoting environmentally friendly investment projects. This list includes 45 types of projects, belonging to 7 key economic sectors such as renewable energy, green transportation, sustainable construction, circular agriculture, and environmental services.
This is a major step forward in establishing an institutional framework for the green finance market, helping to effectively mobilize domestic and foreign resources for sustainable development. Statistics show that, from the beginning of the year to date, the total value of green bond issuances in Vietnam has increased by more than 60% compared to the same period last year. This shows that green transformation is not only a global requirement, but also an opportunity for Vietnamese businesses to restructure their development strategies, minimize risks, increase energy efficiency, and expand into international markets.
According to experts, alongside positive signs, the digital transformation and green transformation process still face many challenges in terms of institutions, financial resources, technological infrastructure, and especially human resources capacity. Many small and medium-sized enterprises (SMEs) still struggle to access green capital, new technologies, or digital data.
According to Deputy Minister of Finance Nguyen Duc Tam, in order to encourage businesses to invest, innovate, and actively participate in the dual transformation process, the Ministry of Finance is implementing preferential tax policies, preferential credit, and innovation support funds, while also researching public-private partnership mechanisms in digital infrastructure and renewable energy projects.
Mr. Vu Thai Truong, Head of the Climate Change Department of the United Nations Development Programme (UNDP) in Vietnam, highly appreciated Vietnam's rapid adoption of international standards through new policies, the Environmental Protection Law, and recently Decision 21/2025 on the Green Classification List… These steps create a solid foundation for Vietnam to integrate more deeply into demanding markets such as the United States, Japan, and the EU… However, according to Mr. Truong, there is still a gap between policy and practice. For example, businesses are still limited in applying green technologies to meet environmental standards and implement circular economy models; there is a lack of investment capital for green technologies; and there is a shortage of personnel with expertise in environmental management…
Meanwhile, according to Mr. Ta Duc Binh, an expert from the Institute of Agricultural and Environmental Policy Strategy (Ministry of Agriculture and Environment), the trend of green development and green investment is strongly underway. This presents a great opportunity for Vietnam to attract international financial resources for rapid and sustainable development. Regarding the opportunities and potential for green transformation and sustainable development today, Mr. Binh emphasized three key levers: institutions, transparency, standardization, and global investment trends. “The green classification system will be a crucial turning point, helping to unify the understanding of green projects among banks, investors, and businesses. This will direct capital flows into the right green activities, minimize risks, and enhance transparency,” Mr. Binh said.
Sharing his perspective from a business standpoint, Mr. Larry Lee Chio Lim, Deputy General Director of Sabeco, stated that sustainability has become a crucial requirement for accessing markets, capital, attracting talent, and building long-term trust. Within businesses, sustainability is considered a competitive advantage. In a global context demanding sustainable transformation, companies that invest early in developing energy efficiency will reduce operating costs by 5-14%.
Source: https://daidoanket.vn/thuc-day-tai-chinh-xanh.html
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