Green economy forum: green growth becomes mainstream trend
Green growth, green economy and circular economy are becoming mainstream trends in the world economy, experts said at the Green Economy Forum in Ho Chi Minh City on April 22.
HCM City (VNA) – Green growth, green economy and circular economy arebecoming mainstream trends in the world economy, experts said at the GreenEconomy Forum in Ho Chi Minh City on April 22.
Assuch, green economy and green growth are opening up the road to sustainabledevelopment for businesses after the period of crisis due to the COVID-19pandemic.
Shifting to green economy and green growth will help businesses increase theircompetitiveness and catch up with trends on the domestic and foreign markets,experts said.
Onthe other hand, changes in consumers’ behaviours in the context of the COVID-19pandemic require suppliers and retailers to supply goods meeting “green”standards with transparent information. The rising trend of “green” lifestylehas posed new requirements for Vietnamese businesses in the race to enhancetheir competitive capacity.
According to Director of the Institute for Brand and Competitiveness Strategy (BCSI) Vo Tri Thanh, two factors behind greengrowth is digital transformation and circular economy. Under free tradeagreements, if firms do not adopt “green” production and business, theirproducts will not be chosen by consumers, thus their competitive edge is lost, Thanhsaid.
“Green growth is prompted by the market’s demand, not just by policies or legalregulations,” he said, adding that reality has shown that green growth hashelped firms and brands gain better resilience in both medium and long term.
Vietnam has issued a national strategy on green growth and a national plan ofaction on sustainable production and consumption for 2021-2030 with key targetsrelated to green economy.
Dao Xuan Lai from UNDP Vietnam said the transformation to green growth requiresbig investment at the start, and policy on investment support is necessary for thebusiness community./.
The Live and Learn for Environment and Community (Live and Learn Vietnam) organized an online talkshow “When young people do green economy” on December 26, as part of the “Green Generation Youth Action for Climate and Sustainable Energy” project sponsored by the Danish Embassy in Vietnam.
The green economy will create 4.4 million new jobs in Indonesia in 2030, Antara news agency reported, quoting Deputy for Economic Affairs at the Indonesian Ministry of National Development Planning (Bappenas) Amalia Adininggar Widyasanti as saying at the Green Jobs Conference.
Singapore and New Zealand will be working more closely on the green economy and the fight against climate change, Singaporean Prime Minister Lee Hsien Loong said during a joint press conference with New Zealand Prime Minister Jacinda Ardern on April 19.
A webinar to share experience and ideas of transition to a green economy of Europe countries through the European Green Agreement (EGA) took place on April 200, gathering participants from Hanoi, Da Nang and Thua Thien – Hue.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Speakers at the forum (Photo: VNA) 
