At the event

The event was co-organized by the EfD (Environment for Development)-Vietnam, the Economy and Environment Partnership for Southeast Asia (EEPSEA), and the University of Economics Ho Chi Minh City (UEH).

Dr. Nguyen Quang from the UEH said, heavily affected by climate change, Vietnam has become one of the pioneering countries in Southeast Asia in green transition.

He noted that Vietnam has come up with many outstanding financial policies concerning taxes, fees and economic tools to help enterprises develop green production, with many local firms switching from traditional business models to smarter and more sustainable, environmentally friendly ones.

Dr. Nguyen The Chinh from the EEPSEA pointed a number of existing barriers that make it difficult for companies to implement their green transition, notably a lack of specific and legalized regulations on criteria to identify green businesses, green production processes, and green materials, among others.

The expert suggested a need to complete the legal framework by adding green production criteria serving different sectors as well as to devise suitable support policies and programs to encourage firms to apply green business models.

Dr. Mai Thanh Dung from the EEPSEA recommended engaging more experts, research institutions, and universities in the environment sector in the research for and building of emissions reduction and environmental protection plans in Vietnam and other developing countries.

Source: VNA