Experience in Green Growth of Some Countries and Policy Implications for Vietnam

Abstract

Rapid economic development accompanied by resource depletion and environmental degradation is becoming a serious challenge to the sustainable development of countries, including Vietnam. Currently, Vietnam is facing many problems such as environmental pollution, natural disasters, climate change and especially the great impact of the Covid-19 pandemic, which has a profound impact on the economy and society. To achieve sustainable development, green growth, that is, economic growth associated with building a low-carbon society and protecting the environment, is considered the right and long-term choice. Green growth not only helps sustainable economic development but also reduces poverty, especially in developing countries. This is a development model that allows these countries to develop their economies quickly, shortening the gap with developed countries while still ensuring against environmental degradation. Recognizing the importance of green growth, Vietnam has been implementing related strategies and achieving some positive results. The article focuses on analyzing lessons learned about green growth from countries around the world and providing policy implications for Vietnam. Thereby, the article will provide analysis, theoretical basis and current situation in Vietnam, as well as international experience in green growth strategy. Finally, the article proposes recommendations and solutions to create conditions for Vietnam to shorten the development gap with advanced countries, promoting rapid and sustainable economic growth.