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Government could focus on three main factors including environment, carbon reduction
and renewable energy development.

Third, based on the experience of countries that have achieved outstanding
achievements in green growth and green economic development, it is important to
exchange and cooperate with the international community. Through international
relationships, Vietnam will have better opportunities to receive support not only on
science and technology issues but also on promoting the mobilization of investment
capital towards green growth (the model of green industrial park and automation,
transportation infrastructure development, green and clean energy, etc.). As a result,
Vietnam could address the problem of climate change, constantly improve and ensure

the quality of the living environment for the citizens.
Last but not least, because Vietnam is an export market for most types of products
and goods to developing countries, the government should further accelerate the carbon
tax problem in the trend of green economic development. While the United States,
Europe or other advanced countries have neutralized carbon content, Vietnam has not
done this yet. In Vietnam, carbon tax is a rather new term whereas this is an important

tool of the circular economy. Furthermore, carbon taxation is an effective solution to
decrease CO2 emissions in each country. Besides, collecting carbon tax contributes to
increasing state budget revenue, the government can use this revenue source to invest
back to protect and improve environmental quality, ensuring the goal of green growth
and low carbon.
In conclusion, by focusing on these strategies, Vietnam aims to achieve sustainable
economic growth while minimizing environmental impact and enhancing the quality of

life for its citizens.

References
1. Australian Government (2021), Singapore-Australia Green Economy Agreement.
Https://www.dfat.gov.au/geo/singapore/singapore-australia-green-economy-agreement
2. BP Statistical Review of World Energy, 2021 and 2023
3. VCCI's AEC Portal (2022). Revealing the top large economies by GDP in Southeast Asia in 2021:
Where does Vietnam stand?
Https://aecvcci.vn/tin-tuc-n9151/lo-dien-top-nen-kinh-te-lon-theo-gdp-o-dong-nam-a-nam-2021-viet-nam-dung-t
hu-may.htm
4. Demków, K.and Sulich A.(2017)”Wybrane wyzwania zwiazane ze spoleczna odpowiedzialnoscia
duzych i srednic podmiotow gospodarczych Marketing i Rynek, 24 (11), 42-52”
5. Egorova, M., Pluzhnic, M. & Glik, P. (2015). Global trends of «green» economic development as a
factor for improvement of economical and social prosperity, Procedia - Social and Behavioral Sciences, 166, 194-
198.
6. Frone, D. F., & Simona, F. (2015). Resource-efficiency objectives and issues for a green economy.
Scientific Papers Series Management, Economic Engineering in Agriculture and Rural Development, 15(3).
7. Georgeson, L., & Maslin, M. (2019), Estimating the scale of the US green economy within the global
context. Palgrave Communications, 5(1), 1-12.
8. Https://forbes.ge/en/green-economy-as-a-solution-for-improving-population-health/
9. NCCS (2022). Good Progress Made on the Singapore Green Plan 2030 as Government Accelerates
Decarbonisation and Sustainability Efforts. Https://www.nccs.gov.sg
10. NDC Partnership, National Green Growth Strategy of South Korea. Https://ndcpartnership.org/
11. OECD (2012). Towards Green Growth in Denmark. Https://sustainable development.un.org

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