Page 465 - Ebook HTKH 2024

their impacts (Ehigiamusoe, 2020; Ekonomou and Halkos, 2023; Haseeb and Azam,
2021). In addition, studies on green growth of tourism businesses seem to be very few,

especially for tourism businesses in Hanoi.
Although the concept of green growth has been recognized and transformed by
businesses, in reality, the implementation of green growth activities still has many
shortcomings and limitations. To achieve a result in green growth activities, businesses
need to understand the factors affecting green growth activities at their tourism
enterprises. This study will analyze and clarify the factors affecting green growth
activities at tourism businesses in Hanoi. Thereby, businesses can proactively come up
with better solutions to promote green growth activities of businesses.

2. Literature review
2.1. Green growth
Green growth is the process of manufacturing enterprises becoming more robust
through green strategies and behaviors, producing less polluting waste, consuming less
resources and energy, creating more environmentally friendly, safe, and healthy
products, and increasing green competitiveness. In particular, the leading concept is

green development in the entire production and management activities of manufacturing
enterprises based on appropriate technological and management innovation,
characterized by less environmental pollution and higher resource efficiency (Liu et al.,
2022; Qiu et al., 2020; Li & Wu, 2022). Green growth is more attractive for
policymakers than traditional environmental protection approaches, as conventional
approaches are often associated with economic recession (Capasso, 2019). This aspect
of traditional environmental protection methods can be an obstacle to development.

Green growth effectively reduces pressure on the environment (Capasso, 2019;
Kasztelan, 2017a; Reilly, 2012) and is important for achieving sustainable development
(World Bank, 2012).
Several studies that focus on measuring and analyzing the green growth
achievements of OECD countries. Kim et al. (2014) used a total of 12 indicators to
measure the overall green growth achievements of OECD countries. Kasztelan (2017b)

analyzed the level of green growth in selected OECD countries using the Hellwig
method based on 33 indicators. Bak et al. (2019) analyzed the green growth development
of OECD countries using the multidimensional correspondence analysis method based
on a total of 7 indicators. Koçak (2020) measured the dynamics of green growth in
OECD countries using the gray relation analysis based on a total of 22 indicators
(Çağlar, 2024).
The impacts of green growth, the shift to a green business model, after all, green
growth is not limited to new businesses but fundamental changes that can lead to

changes in the way businesses compete, changes in corporate structure, and changes in
the structure of the industry. That is, manufacturing companies or service companies
(Chae, 2022).

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