At VIR’s Sustainable Development 2025 Conference in Hanoi final week, policymakers and enterprise leaders dedicated to strengthening partnerships, initiatives, and dialogue to advance a shared imaginative and prescient for a inexperienced, sustainable, and resilient Vietnam.
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Addressing the occasion, Deputy Minister of Finance Nguyen Duc Tam stated Vietnam has undertaken sweeping strategic adjustments to adapt to actuality.
“The government is stepping up efforts to promote new growth models, with a focus on the private sector, innovation, science, and technology,” Tam stated. “This is coupled with driving profound transformative shifts through landmark resolutions to stimulate economic development and achieve double-digit growth in the years ahead.”
The Ministry of Finance and related ministries are refining the monetary authorized framework to create stronger momentum for the personal sector, Tam added.
“We are implementing tax incentives, priority credit, and an innovation support fund, while also researching the public-private partnership scheme for digital infrastructure and renewable energy ventures. The measures will foster investment, spur innovation, and strengthen business participation in the twin digital and green transformation,” he stated.
In addition, the ministry continues to advance the event of inexperienced finance market, carbon market, and associated monetary devices. By 2030, Vietnam plans to develop an environment friendly home carbon market linked with regional and world markets. This will pave the way in which for Vietnamese enterprises to penetrate the worldwide inexperienced provide chains and entry home and worldwide monetary sources.
Bridging the hole
In the identical vein, Ta Duc Binh, a specialist on the Institute of Strategy and Policy on Agriculture and Environmentunder the Ministry of Agriculture and Environment, stated Vietnam’s present imaginative and prescient for expertise, the personal sector, human sources, and finance at the moment are extra clearly outlined within the nation’s long-term technique.
“Meanwhile, a clear trend is emerging – institutions guiding the direction, businesses accompanying the process, and technology leading the way,” Binh stated.
He additional famous that good insurance policies alone are usually not sufficient, as inter-sectoral coordination is crucial to drive the event of a inexperienced economic system.
“Key economic sectors do not operate independently but are connected through capital, investment, technology, and policy.” Binh added. “For example, scaling electric vehicles without greening power ecosystems increases emissions and retains reliance on imported fossil fuels while straining load management of the grid. Technology is an important link to bridge the gap between policy formulation and implementation.”
Vu Thai Truong, head of the Climate Change, Energy, and Environment Unit on the United Nations Development Programme in Vietnam, commented that the nation’s insurance policies are progressively approaching worldwide requirements.
“Vietnam is on the right track by issuing policies on environmental protection, the circular economy, and green classification. The country has taken progressive steps in line with global trends,” Truong stated.
However, the hole between policy and actuality stays a problem in reaching sustainability. Companies, particularly small and medium-sized ones, face limitations in making use of applied sciences and strategies to satisfy environmental requirements, Truong stated. They additionally lack entry to related knowledge and functions for implementing round economic system practices. This is compounded with a restricted monetary useful resource to spend money on inexperienced applied sciences and human capital.
“Vietnam should have proper supporting tools such as training guidelines, green finance mechanisms, and data standardisation to enable transparent and open data sharing. We are collaborating with the regulatory bodies to conduct research and assessments that provide inputs for improving policies. The most important thing is not about speed, but it’s about managing the transition,” Truong defined.
Taking motion now
As insurance policies are in place to catalyse the inexperienced transition, the personal sector has a significant function to play in supporting the federal government in reaching enduring development. The alternative for personal corporations to speed up the trajectory is ample. By placing sustainability on the cornerstone of companies, corporations are main the adjustments on this important enviornment, underscoring the significance of collaborative motion to unlock Vietnam’s inexperienced development agenda.
DUYTAN Recycling is working Vietnam’s first plastics recycling manufacturing facility with the mission of making a brand new lifecycle for plastics in keeping with the round economic system ideas. The firm has achieved regular development amid rising demand for recycled plastics and authorities insurance policies selling environmentally pleasant merchandise amongst companies.
Le Anh, sustainability director at DUYTAN Recycling, has seen the clear shift in companies’ strategy.
“Five years ago, sustainability initiatives were mostly voluntary, primarily undertaken by multinational corporations following their corporate policies. Recently, supportive policies have encouraged domestic businesses to participate more actively and responsibly for the sake of environmental protection,” Anh stated.
Indeed, the corporate has overcome its personal challenges to develop a plastic recycling enterprise in Vietnam.
“In the early years, we mainly exported our products to the EU and the US, as recycled plastics were 1–3 times more expensive than conventional ones. Over time, we have reduced the export share to 70 per cent as the local market began to take off. Our domestic output has risen eightfold, from 2,000 tonnes in 2021 to 16,000 tonnes in 2025, reflecting growing local demand,” Anh famous.
Likewise, CME Solar Investment is funding renewable power with a spotlight on rooftop solar energy. The firm has partnered with a number of corporations to develop rooftop solar energy techniques on factories, warehouses, purchasing malls, logistics centres, and different amenities in operation.
Bui Trung Kien, vice chairman of the Board at CME Solar, stated the corporate has put in almost 160MW of rooftop solar energy within the nation. CME’s mannequin encompasses a 100 per cent funding alongside collaboration with companions to hold out design, set up, operation, and upkeep. Thus, corporations can use power at a decrease price, leading to decrease general power bills.
“Many businesses have proactively invested in rooftop solar power to use clean energy and protect the environment,” Kien stated. “Regulations have been issued to resolve difficulties for businesses in the industry. Meanwhile, digital transformation, streamlined administrative procedures, and a clearer, more consistent legal framework have created strong momentum for businesses to move forward.”
Meanwhile, Japan’s largest retailer AEON is unlocking Vietnam’s potential as a regional hub for the manufacturing and distribution of sustainable items. Between now and 2030, the retailer goals to aggressively increase its shopping center community, enhance retail capability, and improve gross sales by 3-5 occasions. To facilitate the aim, the corporate is constructing a home provide chain with the rising participation of native suppliers.
“We view sustainability as a core value of the modern retail model. From operating energy-efficient smart buildings and optimising customer data to building resilient supply chains, every strategy is aimed at a single goal: providing high-quality products at reasonable prices while minimising environmental impact,” stated Nguyen Thi Ngoc Hue, senior normal supervisor of People and Brand Strategy in addition to Corporate and Supplier Quality Management at AEON Vietnam.
AEON pays consideration to fostering sustainable consumption habits amongst prospects, from eco-friendly merchandise to group actions. “This is how AEON turns green standards, which were once seen as international pressures, into a source of innovation for Vietnamese manufacturers,” Hue added.