Page 487 - Ebook HTKH 2024

fostering economic growth and development while ensuring that natural assets continue
to provide the resources and environmental services on which our well-being relies.”
Thus, green growth involves creating new value for the economy while ensuring that

ecosystems are not destroyed and remain capable of regeneration. Concurrently,
according to the World Bank (2011), “Green growth is about making growth processes
more resource-efficient, cleaner and more resilient without necessarily slowing them”.
In other words, green growth is about utilizing natural resources efficiently and adding
value to the economy while ensuring environmental and resource sustainability.
Furthermore, “Green growth approaches should thus be understood as a way of
operationalizing sustainable development by aligning economic and environmental
goals and balancing urgent social and growth needs with the risk of irreversibility and
lock‐in”

In Vietnam, the concept of green growth was mentioned in 2012 in Decision No.
1393/QD-TTg by the Prime Minister. According to this decision, green growth is:
“Green growth based on increasing investment in conservation, development, and
efficient use of natural resources, reducing greenhouse gas emissions, improving
environmental quality, thereby stimulating economic growth.”
Overall, green growth refers to increasing economic output while ensuring the

efficient use of natural resources, reducing greenhouse gas emissions, and protecting
the environment. Although green growth is closely related to the green economy, there
has historically been confusion between these two terms; however, they are relatively
distinct concepts. Furthermore, green growth is a necessary condition for sustainable
development (WB, 2012).
According to Circular No.10/2023 by the Ministry of Planning and Investment,
indicators for measuring the green growth of enterprises are determined based on four

objectives: reducing greenhouse gas intensity per GDP; greening economic sectors
(including the consumption/GDP of final energy; the adoption of clean technology,
green label; the calculation of the average area of public green land per capita); greening
lifestyles and promoting sustainable consumption (including percentage of solid waste,
domestic wastewater collected and treated to meet environmental standards).
In research on the manufacturing industry, Ho Cong Hoa (2016) proposed four

main groups for evaluating the implementation of green growth by enterprises, including
awareness and actions of enterprises regarding environmental protection, technological
innovation towards green practices, efficient energy consumption, and product structure
transformation towards green, energy-saving, and environmentally friendly products.
For production and business establishments in traditional craft villages, the
measurement of green growth is still limited. Therefore, the author relies on the four
groups mentioned above to assess the level of green growth implementation, including
the compliance with environmental regulations; the consumption of energy (electricity,

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