Green economic model in Vietnam is becoming an inevitable development trend in the context of climate change and the need for sustainable growth. From renewable energy, organic agriculture to clean production and green consumption, Vietnam is gradually transforming to minimize environmental impact. So what green economic models are being applied in Vietnam and what benefits do they bring? Let's Green In Find out in the article below!
1. What is the green economic model?
Green economic model is a sustainable development direction, in which economic growth goes hand in hand with environmental protection and efficient use of resources. This model emphasizes the application of renewable energy, emission reduction, and development of environmentally friendly technology. In particular, the model encourages responsible consumption and ecosystem conservation.
In Vietnam, green economy is being implemented in many areas such as organic agriculture, green production, circular economy and smart cities. These models not only promote growth but also contribute to environmental protection and improve the quality of life for the community.
2. Factors affecting the implementation results of green economic model
The success of the green economic development strategy in Vietnam is influenced by many factors. From a theoretical perspective, some important factors can be mentioned such as raising public awareness through communication campaigns, changing living and consumption habits; active participation and commitment from businesses; investing in education to train high-quality human resources; promoting research and application of new technologies and renewable energy; along with perfecting the legal system and State policies to support the transition to a green economy.
2.1. Community awareness
Perception is the process by which people acquire and understand the world around them. This is the basis for each individual to grasp the nature of things and events, thereby making appropriate decisions and actions. Perception is divided into two stages: emotional (including feelings, perceptions, symbols) and rational (including concepts, reasoning, judgment). When perception is complete and accurate, people can receive positive information, analyze and evaluate events objectively. From there, attitudes and behaviors appropriate to each situation are formed.
2.2. Business commitment
Commitment represents responsibility and willingness to fulfill a specific obligation in business activities. This can be recorded in the form of a contract or agreement to guide the behavior of the parties involved throughout the cooperation process. In the context of green transformation, commitments are no longer just strategic statements but are becoming practical requirements from the market. Green transformation has become an inevitable trend, strongly impacting all businesses operating in the economy.
2.3. Investment in education and training
Education always plays an important role in the development of any country. With the mission of training human resources for the present and the future, the education system needs to equip learners with the necessary basic knowledge and skills. At the same time, it fosters moral qualities and a sense of responsibility. To meet the requirements of a green economy, investment in education must be focused on, helping to train a workforce with sufficient capacity and innovative thinking to contribute to sustainable development.
2.4. Investment in research and development
In the context of the strong development of the Industrial Revolution 4.0, technology research and development plays an important role in promoting green growth. Investment in this field helps improve technology, optimize production processes and gradually implement digital transformation. This not only contributes to environmental protection but also creates competitive advantages for businesses and the national economy.
2.5. Perfecting the legal framework and policies for green economic development
Investing in green growth can bring higher economic benefits than the traditional growth model. However, there is currently no comprehensive legal system to guide and promote businesses to transition to a green economic model. Therefore, it is necessary to review, adjust and promulgate appropriate legal regulations to facilitate businesses in the transition process. In particular, priority should be given to policy development in areas such as investment, finance, environment, renewable energy, green technology and sustainable infrastructure.
3. Party and State orientation on green economic development
On September 25, 9, the Government issued Decision No. 2012/QD-TTg approving the National Strategy on Green Growth for the 1393-2011 period and vision to 2020. This is the first comprehensive national strategy on green economic development in Vietnam.
The Government identifies that: “Green growth is an important element of sustainable development, helping to ensure rapid, effective and long-term economic growth, while making an important contribution to the implementation of the National Strategy on Climate Change”.
The overall goal is to build a low-carbon economy, develop sustainably, while increasing the ability to absorb greenhouse gases and protect natural resources. Three key tasks are set out including:
- Reduce greenhouse gas emissions and promote the use of renewable energy.
- Develop production in a sustainable and environmentally friendly direction.
- Building green lifestyles and promoting sustainable consumption in the community.
4. The future of green economic model in Vietnam
The development of the green economic model will depend on a number of important trends, including technological innovation, policy reform, changes in consumer habits and adjustments in business strategies. These factors will play a decisive role in pushing the economy towards a more sustainable direction.
Application of renewable energy technology
Renewable energy sources such as solar and wind are making great technological advances, increasing efficiency and reducing production costs. In addition, energy storage technologies are improving, helping to solve problems of stability and energy efficiency.
Policy to support sustainable development
Many countries around the world, including Vietnam, are stepping up the issuance of policies to encourage green economic development. Regulations on carbon pricing, financial incentives for green businesses and strict energy efficiency standards are gradually being applied to orient development towards an environmentally friendly direction.
Changes in consumer behavior
The trend of consuming environmentally friendly products is on the rise. Consumers now prioritize products with sustainable origins, environmentally friendly packaging and brands committed to minimizing negative impacts on nature. This creates incentives for businesses to invest in sustainable business strategies.
The rise of green business pioneers
Businesses that put sustainability at the heart of their development strategies will have a major competitive advantage in the market. Applying green technology, optimizing production processes and implementing environmental protection policies not only help businesses improve business efficiency but also build trust with customers.
In general, the green economic model is not only a trend but has become an inevitable requirement for sustainable development. The combination of technology, appropriate policies and changes in consumer behavior will be the decisive factors to help Vietnam gradually build a strong and sustainable green economy in the future.
5. Conclusion
Green economic model in Vietnam is becoming a sustainable development trend, promoting technological innovation and supporting policies. To effectively transform, it is necessary to invest in renewable energy, improve the legal framework and encourage sustainable business enterprises. This not only protects the environment but also creates momentum for long-term economic growth. Follow Green In to learn more about this model!