Page 130 - Ebook HTKH 2024

region are also benefiting from using cheaper and more sustainable energy sources,
helping to strengthen their competitiveness in the global economy.

International cooperation: Dong Nai has actively participated in free trade
agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific
Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA). These
agreements have opened up access to major, developed markets such as Japan, South
Korea, and Europe, where strict environmental standards and green technology
requirements are in place. This fosters improvements in green technology and
sustainable production standards.
In 2023, Dong Nai signed several international cooperation agreements in the

fields of green technology and renewable energy. These agreements focus on the transfer
of modern technology and financial support from international partners, particularly
Japan and South Korea, which are at the forefront of renewable energy development and
environmentally friendly technologies. Thanks to these agreements, businesses in the
province have the opportunity to access green funding and advanced technologies,
helping them improve production capacity and meet international standards for

greenhouse gas emissions and energy efficiency.
Dong Nai is also negotiating to expand cooperation with international financial
institutions to attract more investment for green infrastructure projects, such as clean
public transport, smart water management systems, and sustainable urban areas. These
initiatives not only enhance the province's competitiveness on the international stage but
also ensure long-term sustainable development.
3.4. Challenges

High investment costs: The initial cost of investing in green technology is a
significant obstacle for SMEs in Dong Nai. It is estimated that completing green
production technology in industrial parks requires each business to invest between
$5-10 million, 1.5-2 times more than conventional technology.
Infrastructure limitations: Despite strong industrial infrastructure development,
Dong Nai’s infrastructure has yet to meet the requirements for high-tech solutions and

renewable energy. The high occupancy rate in current industrial parks, along with
outdated infrastructure, is reducing the effectiveness of green growth efforts.
Access to capital: Although the government and international organizations have
provided some financial support for businesses, access to green financing remains
limited for many small enterprises. According to statistics, only about 30% of businesses
in Dong Nai are eligible for green loans from commercial banks.
Green growth in Dong Nai is an inevitable trend, closely tied to the nation’s
sustainable development goals. With significant potential in renewable energy, clean

production, and high-tech agriculture, Dong Nai is on track to become a green and
modern industrial center. However, challenges related to capital, technology, and
infrastructure must be addressed to fully exploit the province’s potential in an
increasingly competitive global landscape.

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