A panel discussion at the annual Sustainable Development Conference held by the Dau tu (Vietnam Investment Review) Newspaper on November 12. — Photo courtesy of the Dau tu Newspaper
HANOI: A dual transition is an inevitable trend that the Vietnamese business community needs to grasp in the coming years, experts speaking at the annual Sustainable Development Conference organised by the newspaper Dau tu (Vietnam Investment Review) say.
The conference on Tuesday served as a bridge between government agencies, domestic and foreign organisations, experts, businesses and the community, to share valuable practical experiences in sustainable investment, production and business activities, thereby spreading inspiration for innovation and creativity for greener, more sustainable development in key areas.
Opening the event, with the theme “Taking the lead in dual transition for a green Vietnam”, Vietnam Investment Review editor-in-chief Le Trong Minh said that promoting green growth through digital transformation had brought the country a special opportunity to achieve sustainable development, increased labour productivity and better quality of life.
“Innovative solutions coupled with pioneering actions play a critical role in promoting Vietnam’s ‘dual’ transition and sustainable development activities,” said Minh.
Le Viet Anh, director of the Department of Science, Education, Natural Resources and Environment under the Planning and Investment Ministry, said that the digital and green transformations have become the top priorities of many countries around the world seeking long-term sustainable development.
“Digital economic development will be the path to creating important breakthroughs for Vietnam to achieve its goal of becoming a modern industrial country and at the same time, helping to realise the sustainable development goals of Vietnam by 2030,” said Anh.
“However, these two processes currently mainly take place separately and are not synchronised to take full advantage of the potential to increase productivity and efficiency for businesses and economic activities of the economy in general,” he added.
According to a 2023 World Bank report on the dual transformation trend, between 2017 and 2021, Vietnam held 15% of the total 493 green patents in the emerging market, ranked behind Malaysia (51%) and Thailand (20%).
Most of Vietnam’s patents relate to fields such as wind energy, waste management, air and water pollution reduction and green construction.
Meanwhile, in terms of the digital transformation, Vietnam only owned 8% of 537 patents from developing economies, behind Malaysia (58%), the Philippines (16%) and Thailand (11%).
The report said that digital transformation is an important driving force to promote the success of green transformation and the dual transition trend. — Viet Nam News/ANN
