Page 120 - Ebook HTKH 2024

as well as the five-year plan (FYP) of countries between 2009 and 2013. National
strategies for long-term green growth with three main goals such as promoting new

environmentally friendly growth chances; improving the quality of human life; and
some attempts to contribute to the international community in solving climate change.
One of the key tools to realize this new vision is the establishment of the National
Emissions Trading Scheme (ETS) in January 2015. The National Green Growth
Strategy and the ETS project have had an important influence not only on the industry
but also the public. The Korean government has invested significantly in green
technology and taken a lot of positive measures to help change people's attitudes toward
climate.

3.4. Green economy development trend in Singapore
Another key clean country in Asia is Singapore, which aims to become a green and
naturally beautiful city by 2030. In January 2008, the Inter-Ministerial Committee on
Sustainable Development (IMCSD) was set up to promote the National Strategy for
Sustainable Development in Singapore. In February 2021, the Singapore Green Plan
2030 launched a nationwide movement and promoted Singapore's national agenda for

sustainable development in 5 targets including city in nature; energy re-planning; living
sustainably; green economy and self-reliant future. The Singapore government has
continued to invest in science and technology, concentrating on research and
development on the green economy in the third quarter of 2021, aiming at a “low
carbon” future. On June 10th, 2021, Singapore and Australia signed a Green Economy
Agreement (GEA) between the two countries to facilitate trade and investment in
environmental goods and services, bringing about many good opportunities for clean

energy export activities of the two countries, strengthening environmental management
and contributing to building global capacity to deal with climate change, while
supporting economic growth and creating job opportunities for people in green
economic sectors (Australian Government, 2021). Moreover, in the green economic
development strategy, both countries strengthen cooperation in solutions to reducing
greenhouse gas emissions, making the transition to a green economy while still ensuring

to improve the quality of life for people and solve problems, addressing the challenges
of climate change (NCCS, 2022). Besides, Singapore is the first country in Asia to apply
a carbon tax since the beginning of 2019. However, the carbon tax level in Singapore is
still quite low and is expected to be raised in the near future. Both the application of
carbon tax reduces emissions to promote the development of clean energy industries and
increases budget revenue for this country.
4. Vietnam's green growth strategies
In the era of science and technology advances along with the tendency of green

growth economic development, it is important for Vietnam to deploy green growth
economic strategies.
During more than 10 years of implementing the green economy under the lead of
the Vietnamese government and the community's awareness of the importance of the
green economy, the Vietnamese economy has improved remarkably so far. In

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