Page 40 - Ebook HTKH 2024

Green growth is an important method for achieving sustainable development,
directly contributing to reducing greenhouse gas emissions towards a long-term carbon-

neutral economy.
Green growth centers on people, helping to reduce vulnerability to climate change;
encouraging responsible lifestyles among individuals towards the community and
society; guiding future generations towards a green living culture, and fostering a
civilized and modern society that harmonizes with nature and the environment.
Green growth must rely on modern institutions and governance, advanced science
and technology, high-quality human resources, and be aligned with international
contexts and domestic conditions.

Green growth should focus on investing in advanced technology, digital
transformation, smart and sustainable infrastructure, and creating incentives for private
investment to play an increasingly important role in the green economy.
Green growth is a collective effort of the entire political system, the whole
population, the business community, and relevant agencies and organizations, driven by
a spirit of innovation and a desire for a prosperous and sustainable country.

Accordingly, the overarching goal of green growth in Vietnam is to contribute to
restructuring the economy in line with renewing the growth model, aiming for economic
prosperity, environmental sustainability, and social equity; towards a green, carbon-
neutral economy, and contributing to the goal of limiting global temperature rise.
In recent times, with efforts to achieve green growth goals, the Vietnamese
economy has made notable achievements in economic growth rates, improving people's
living standards, showing significant progress in environmental protection awareness,

and contributing to the green growth of the economy.
Table 1. GDP Growth Rate of Vietnam for the Period 2014-2023
Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
GDP

growth 6.42 6.99 6.69 6.94 7.47 7.36 2.87 2.55 8.12 5.05
(%)
Source: GSO
From 2014 to 2021, Vietnam’s economic growth rate averaged 6.05%. However,
due to the impact of the COVID-19 pandemic, Vietnam’s economic growth significantly

declined in 2020 and 2021, reaching only 2.87% and 2.55%, respectively. Nevertheless,
in 2022, Vietnam experienced a strong recovery, with a growth rate of 8.12%.
In 2023, Vietnam’s economic structure saw a positive shift towards increasing the
share of industry and services, while gradually reducing the share of agriculture,
forestry, and fisheries. This trend aligns with the direction of developing a green

economy.

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