Green production - An important link for green growth

VCN - Choosing green consumption is the driving force to promote the green production process faster and towards a green economy, sustainable development.
Consumers are increasingly interested in and choosing green products. Photo: N.Linh
Consumers are increasingly interested in and choosing green products. Photo: N.Linh

Innovation is an inevitable trend

Green innovation is a development approach that is increasingly being promoted by countries around the world, especially in the current context when the impacts of climate change, environmental pollution, overexploitation of resources, etc. are becoming increasingly serious. Green innovation is gradually becoming a decisive driving force in the process of market expansion and sustainable economic development of many countries.

Mr. Ta Dinh Thi, Deputy Chairman of the National Assembly's Committee on Science, Technology and Environment, affirmed that sustainable production and consumption have a particularly important meaning and position in the sustainable development process not only in Vietnam but also in the region and around the world. Realizing that, since 2015, as a member of the United Nations, Vietnam has signed a commitment to implement the 2030 Agenda with 17 sustainable development goals, including goal 12 on ensuring sustainable production and consumption.

The National Assembly and the Government of Vietnam have proactively and consistently implemented the viewpoint of promoting sustainable production and consumption, especially in the work of building policies and promulgating legal documents. Mr. Ta Dinh Thi said that the system of policies and laws on sustainable production and consumption has been and is being increasingly improved. Vietnam has issued and is implementing laws that play a very important role in promoting sustainable production and consumption in many fields and aspects of economic and social life such as: Law on Environmental Protection, Law on Forest Protection and Development, Law on Fisheries, Law on Tourism, etc.

However, according to Mr. Ta Dinh Thi, most businesses are aware of the role of sustainable production in their existence, enhancing their competitiveness and sustainable development, but there are still many difficulties and confusion in finding, mobilizing and using capital for green production investment, scientific research, technology application, innovation, and market expansion to create high-value, environmentally friendly products.

Ms. Mette Ekeroth, Charge d'Affaires of the Danish Embassy in Vietnam, at a recent workshop, also assessed that Vietnamese small and medium-sized enterprises account for 95% of Vietnamese enterprises and the Government strongly encourages them to participate in green transformation. Green transformation will take advantage of competitive advantages and maximize resources so that businesses can develop sustainably, contributing to Vietnam's goal of protecting the environment and achieving net zero emissions by 2050.

The research report "Promoting green innovation in small and medium-sized enterprises in Vietnam" by the Central Institute for Economic Management and the Embassy of Denmark in Vietnam also pointed out that green innovation helps businesses access the market, increase profitability along the value chain, help businesses meet increasingly stringent standards and regulations, attract investment and help businesses increase productivity and technological capacity.

Green transformation - market access solutions

Green innovation activities in small and medium-sized enterprises are still quite limited. The level of technology application and updating in enterprises is still quite low, the products produced have low added value, the products are new to enterprises but not new to the market. Small and medium-sized enterprises in Vietnam mainly "green innovation" in the use of input materials in small-scale handicraft, agricultural and food enterprises; or apply circular processes such as agricultural, forestry and fishery enterprises. The number of enterprises applying and updating green technology is still quite low.

To promote green transformation of enterprises, many mechanisms and policies have been introduced. Notably, financial policies such as incentives and support on taxes and fees have contributed to attracting many resources outside the state budget, especially from enterprises, corporations and international organizations. Other groups of solutions such as technical support, communication, trade promotion... have encouraged many businesses to innovate green. However, the above policies have not really created strong motivation for businesses to change their technological chains to create significant changes in production processes.

To continue promoting green innovation in small and medium enterprises, experts say that Vietnam needs to focus on perfecting the legal corridor and policy system to support green innovation, including regulations on standards, technical regulations, tax, finance, investment policies; policies on markets, consumption.

From the perspective of businesses, to catch up with the trend of sustainable consumption and production, Mr. Mac Quoc Anh, Permanent Vice President of the Vietnam Association of Small and Medium Enterprises, said that on the one hand, businesses must "transform" more strongly. Specifically, businesses need to invest more in environmentally friendly production technology, including energy-saving equipment and efficient waste treatment technology. At the same time, deploy solar, wind, and other renewable energy projects to reduce dependence on fossil fuels. Develop new products and services with less environmental impact, such as products made from recycled materials or products with longer lifespans. On the other hand, businesses need to work closely with suppliers to ensure their entire supply chain meets environmental and social standards. “These changes not only help businesses meet environmental protection requirements but can also open up new opportunities for sustainable development and enhance competitiveness in the international market,” Mr. Mac Quoc Anh emphasized.

By Ngoc Linh/ Huu Tuc

Related News

Focus on sustainable development, greening the textile industry

Focus on sustainable development, greening the textile industry

VCN - Vietnam’s textile and garment industry has made great strides in strengthening its supply chain, diversifying its markets, and developing sustainably. Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association, shared the industry’s strategy to adapt to the changing global context, as well as the export value target for 2024 that the industry is aiming for.
Green transformation - the challenge of businesses in sustainable development

Green transformation - the challenge of businesses in sustainable development

VCN - Businesses are simultaneously under pressure from global and domestic supply chains, as environmental, social and human standards are constantly updated towards green and sustainable. Regulations on product quality and safety are therefore required to be higher. In particular, green energy transformation is an important turning point to reduce greenhouse gas emissions.
Energy saving: The key to sustainable development for Vietnamese businesses

Energy saving: The key to sustainable development for Vietnamese businesses

VCN - Mr. Mach Dinh Khoa, Vice President of Business Strategy & Operations for Commercial Buildings at Schneider Electric, believes that energy saving is not only a trend but also a decisive factor for Vietnamese businesses to maintain their competitive edge. To achieve this goal, practical solutions, government support, and determination from the businesses themselves are crucial.
Linkage - the "key" to sustainable development of agricultural value chains

Linkage - the "key" to sustainable development of agricultural value chains

VCN - Promoting sustainable and effective development of agricultural value chains is a core factor in restructuring Vietnam's agricultural sector and the key to optimize the value of Vietnam's agricultural exports.

Latest News

Import and export are expected to reach 800 billion USD

Import and export are expected to reach 800 billion USD

VCN - Although the import and export turnover of goods slowed down in September 2024, in general, import and export activities, especially exports, still grew positively in the first 9 months of 2024. It is expected that import and export of goods in 2024 will reach a record of 800 billion USD.
Fresh coconuts quenching new overseas markets

Fresh coconuts quenching new overseas markets

Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam's fruit export sector with many opportunities for breakthroughs in the near future.
Rice exports likely to set new record in 2024

Rice exports likely to set new record in 2024

Vietnam sold 800,000 tonnes of rice overseas for 505 million USD in October, bringing the country's total export volume and value in the first ten months to nearly 7.8 million tonnes and 4.86 billion USD, up 10.2% and 23.4% year-on-year, respectively.
Vietnamese goods conquer halal market through trust and quality

Vietnamese goods conquer halal market through trust and quality

VCN - According to the Ministry of Agriculture and Rural Development, Vietnam's capacity to export over 50 billion USD worth of agricultural products annually, coupled with established supply chains, provides a significant advantage for Vietnamese agricultural and aquatic products to penetrate the Halal market.

More News

Exporters urged to have strategies to take advantage of UKVFTA for expansion

Exporters urged to have strategies to take advantage of UKVFTA for expansion

The UK is concerned by sustainable development, labour issues, environmental protection and social responsibility. Therefore, when exporting to the UK, enterprises should not just be concerned about being competitive in terms of price and quality.
Fresh coconuts quenching new overseas markets

Fresh coconuts quenching new overseas markets

Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam's fruit export sector with many opportunities for breakthroughs in the near future.
Vietnam and UAE trade sees billion-dollar growth

Vietnam and UAE trade sees billion-dollar growth

VCN - According to General Department of Vietnam Customs by the end of September 2024, bilateral trade between Vietnam and the United Arab Emirates (UAE) reached nearly US$5 billion, an increase of more than US$1.4 billion over the same period last year.
Sharing responsibility for ensuring security and safety of the supply chain

Sharing responsibility for ensuring security and safety of the supply chain

VCN – Post - clearance audit is carried out in a planned, focused and key manner, avoiding widespread and ineffective inspections, thereby creating convenience for the business community and improving the effectiveness of state management of customs.
Many factors affecting tuna exports in the last months of the year

Many factors affecting tuna exports in the last months of the year

VCN - Tensions between Israel and Iran escalate, tuna businesses are worried, they may have to stop export orders to the Israeli market in the last months of the year.
Vietnam still dominates Philippine rice import

Vietnam still dominates Philippine rice import

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports, according to the Vietnam Trade Office in the Philippines.
Vietnam cements ties with partners to engage in global semiconductor, AI industries

Vietnam cements ties with partners to engage in global semiconductor, AI industries

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.
Aquatic exports expected to rise in year-end despite challenges

Aquatic exports expected to rise in year-end despite challenges

Aquatic exports is expected to surge in the remaining months of this year, as the year-end festive season comes, despite many challenges in the international markets, according to insiders.
Trade Defense: The Key to Success for Vietnamese Businesses

Trade Defense: The Key to Success for Vietnamese Businesses

VCN - From losses and near bankruptcy, many domestic enterprises have recovered thanks to timely application of trade defense measures. Trade defense is also an effective shield for Vietnamese enterprises against a series of lawsuits from importing countries, thereby maintaining advantages and developing on "away grounds".
Read More

Your care

Latest Most read
Import and export are expected to reach 800 billion USD

Import and export are expected to reach 800 billion USD

VCN - At the regular Government meeting in September 2024, Minister of Industry and Trade Nguyen Hong Dien assessed: import and export continued to be a bright spot, recording a positive recovery compared to the same period last year.
Fresh coconuts quenching new overseas markets

Fresh coconuts quenching new overseas markets

Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam's fruit export sector with many opportunities for breakthroughs in the near future.
Rice exports likely to set new record in 2024

Rice exports likely to set new record in 2024

Vietnam sold 800,000 tonnes of rice overseas for 505 million USD in October, bringing the country's total export volume and value in the first ten months to nearly 7.8 million tonnes and 4.86 billion USD, up 10.2% and 23.4% year-on-year, respectively.
Vietnamese goods conquer halal market through trust and quality

Vietnamese goods conquer halal market through trust and quality

According to the Ministry of Agriculture and Rural Development, Vietnamese agricultural and aquatic products could penetrate the Halal market.
Exporters urged to have strategies to take advantage of UKVFTA for expansion

Exporters urged to have strategies to take advantage of UKVFTA for expansion

The UK is concerned by sustainable development, labour issues, environmental protection and social responsibility. Therefore, when exporting to the UK, enterprises should not just be concerned about being competitive in terms of price and quality.
Mobile Version