Harvesting grass for producing food for cows by TH True Milk. (Source: qdnd.vn) Amid the green consumption trend in the world, manyVietnamese enterprises are developing green production models to avoid being left outside the global supply chain.
Dinh Quoc Tuan, Vice Chairman and General Director of AmyGrupo, said that the firm plans to upgrade its factories with an aim to cut carbonemissions by 30-50% in the next five years.
Meanwhile, green solutions will be applied in its newprojects from the material procession, production to distribution stages, hesaid.
Meanwhile, AN MI Tools Co., Ltd, a supplier of manymultinational firms such as Samsung, Toyota and Honda, has invested in a rooftopsolar power system for its 5,200sq.m factory.
According to the EU Commission, the current global market forgreen products and services is estimated at more than 5 trillion USD, with a growth rate much higher than that in traditional markets.
It is forecast that by 2030, the green economy will createabout 24 million new jobs globally, while creating opportunities to attractinvestors in many new fields such as renewable energy, smart transportation,smart agriculture, green urban-building, and green finance.
According to Minister of Planning and Investment Nguyen ChiDung, for Vietnam, green growth towards economic prosperity, environmentalsustainability and social equality is an inevitable choice. This is also anopportunity for Vietnam to become a pioneer in the region, catching up with thedevelopment trend of the world.
Experts held that in order to overcome difficulties andchallenges to reach the set target, Vietnam must complete the dual targets ofmaintaining GDP growth of 6-7% per year and popularising green technologies ineconomic activities. This will also create great chances and developmentspaces for the business community, both domestic and foreign ones.
Production at Amy Grupo (Source: qdnd.vn) In order to mobilise this important resource, the Governmentof Vietnam must remove a number of basic barriers such as the legal andinstitutional environment for the private sector to invest in keyemission-causing sectors, including energy, transportation, and transportation,telecommunications, agriculture and manufacturing with faster, simpler andcheaper process. In particular, it is necessary to finalise a power purchasecontract in accordance with international standards to attract foreigninvestors in this very important industry, Jacobs held.
Commenting on the important role of the private sector incompleting green growth and sustainable growth targets, Dau Anh Tuan, DeputyGeneral Secretary and head of the Legal Department of the Vietnam Chamber ofCommerce and Industry (VCCI), said that currently, businesses’ understanding ofenvironment regulations remains modest.
Only 31.8% of the domestic private enterprises said theyunderstood environmental regulations well. Meanwhile, up to 91% of enterprisesbelieved that environmental protection is the responsibility of localauthorities. Therefore, the VCCI proposed strengthening the participation of thebusiness community in building and perfecting the legal system and implementinglaws and regulations on environment, green economy and sustainable development,said Tuan.
He also underlined the need to design policies to encouragebusinesses to invest in high and clean technologies.
Tran Nhu Tung, Vice President of the Vietnam Textile and ApparelAssociation, said that the Government should offer 2% cut in corporate incometax for companies meeting green requirement and interest support to greentransition projects.
Stressing the need to evaluate the implementation of greengrowth and sustainable at the local level, Tuan said that the VCCI has builtand announced a Performance Grading Index (PGI) in 2023 to promote the greentransition process of localities./.
VNA
