Green growth is currently a development trend covering the world economy, in which global foreign direct investment (FDI) flows increase, focusing on the fields of high technology and innovation. , Research and Development; green economy, digital economy, circular economy; clean energy…

Green FDI projects into Vietnam increase sharply

Concretize Resolution No. 50-NQ/TW dated August 20, 2019 of the Politburo on orientations to perfect institutions and policies, and improve the quality and efficiency of foreign investment cooperation until 2030. On June 2, 2022, the Prime Minister approved the Foreign Investment Cooperation Strategy for the 2021 - 2030 period. It clearly stated: Focus on attracting foreign investment with focus and focus; attracting projects using advanced, new, and high-tech projects of the Fourth Industrial Revolution, modern governance, high added value, positive spillover effects, resulting connecting global production and supply chains; attracting green investment, high technology, auxiliary technology, advanced management and administration methods; promote social responsibility and environmental protection in order to improve the efficiency of foreign investment cooperation...

According to the Ministry of Planning and Investment, accumulated to April 20, 2023, the whole country has 37,065 valid projects with a total registered capital of nearly 445.9 billion USD. The accumulated realized capital of foreign investment projects is estimated at more than 279.8 billion USD, equaling nearly 62.8% of the total valid registered investment capital.

Notably, more and more large corporations are investing in Vietnam’s green fields such as: renewable energy, circular economy, high-tech industry - agriculture...

In particular, Intel is the first FDI enterprise to install a solar power system in Vietnam, this is Intel’s first and only solar power system in Asia and the 6th largest system out of 15 solar power systems. Intel solar globally. Multinational corporation China Tianying invests in a waste power project with an investment value of more than 7,000 billion in Soc Son, Hanoi. Lego Group builds a $1 billion carbon-neutral factory towards the goal of zero CO2 emissions. At the end of December 2023, Samsung Electronics Group - the Korean enterprise that is investing the most in Vietnam also invested another 20 billion USD in the manufacturing field, completed the construction and put into operation the Research Center. largest scale research and development (R&D) in Southeast Asia…

Most recently, at the Prime Minister’s Conference to meet foreign investors on April 22, 2023, three corporations announced new investment plans and investment expansion in Vietnam in the year. now, with a total investment capital of 3.7 billion USD. That is a 1.5 billion USD renewable energy green production project of German investor; Medical equipment production project of 600 million USD of Japanese investor; A 1.6 billion USD logistic and heavy industrial production project of a Korean investor.

The LEGO factory invested by LEGO Group (Denmark) was started at VSIP III Industrial Park, Binh Duong province in early November 2022, expected to be completed and put into operation in 2024.

Green growth from production

Talking at the Online Seminar with the topic " FDI enterprises in Vietnam’s green growth " recently organized by the Government Portal, Mr. Nguyen Quang Vinh, Vice Chairman of the Federation of Trade and Industry Vietnam (VCCI), Chairman of the Vietnam Business Council for Sustainable Development (VBCSD), said that in recent years, we are "green" not only about businesses, but also about science. technology. For the foreign business community investing in Vietnam, we need to select and set criteria for them to invest in the most advanced science and technology to reduce greenhouse gas emissions.

" In order for our economy to reduce emissions to zero by 2050, technology plays a very important role ," Mr. Vinh commented and said that the business community must change its mindset from business. from a profit-oriented tradition to a more inclusive, sustainable business. Business creates new values ​​not only economically, but also creates human values ​​in terms of society and business associated with environmental protection.

Sharing the same view of green growth from the production stage, Mr. Nguyen Van Toan, Vice Chairman of the Association of Foreign Investment Enterprises (VAFIE) affirmed: Green growth needs to be solved from production, circulation, consumption. consumption and, finally, post-consumption.

According to Mr. Toan, all stages must be synchronized to achieve green growth, if only doing one step will break the chain, the whole chain must go through to have a circular economy. The government has very good policies, but the problem is to have an operation plan from the province, district, commune and an operation plan from the enterprise. To achieve zero emissions by 2050, all businesses must have such a target, not just national goals, general goals but not corporate goals.

Nestlé: Efficiency from regenerative technology

Chris Hogg, Vice President in charge of Sustainable Development and Communications for Asia, Oceania and Africa - Nestlé Group shared: Nestlé encourages and encourages farmers to apply technologies in regenerative agriculture. and have solutions to adapt to climate change, reduce carbon emissions as well as the absorption of the atmosphere to improve the quality of the soil. Thus, it will promote sustainability in the entire production process, increase labor productivity and prioritize health issues, helping farmers to increase productivity, efficiency but at the same time. minimizing the use of chemicals in production.

Nestlé also wants to help farmers become entrepreneurs, have higher income sources, use new science and technology to make a difference.

In addition, Nestlé also directs its factories and distribution centers to switch to using renewable energy products from biomass, reducing carbon emissions. “95% of Nestlé’s packaged products can be recycled in the future - by 2025 we aim to be 100%. We also reduce plastic waste and care about water use,” said Chris Hogg.

Mr. Chris Hogg - Vice President of Sustainable Development and Communications for Asia, Oceania and Africa, Nestlé Group - Photo: VGP

The Nestlé representative expressed his belief that green growth will be achieved thanks to the strong support from the Vietnamese Government. “The journey to come will still have many difficulties and challenges, but we have determination… We have talked a lot about challenges but we have also seen that there is potential and many measures to be taken.” Nestlé representative confirmed.

Creating conditions for businesses and investors to transform in a green direction

Regarding the issue of how to encourage businesses to continue implementing green growth and initiatives, Mr. Nguyen Anh Tuan, Deputy Director of the Foreign Investment Department, Ministry of Planning and Investment said: The government will continue to further improve the business investment environment, create maximum favorable conditions, and maximize transparency to support investors and the business community to implement real production and business activities. effective, including green investment activities such as serving green economic development. In particular, it will minimize the conditions on business investment as well as administrative procedures. This is one of the fundamental and important solutions to further strengthen investors’ confidence.

The Ministry of Planning and Investment together with other ministries and branches will continue to study policies to support businesses in an appropriate, correct and substantive manner for the issues that businesses need, creating favorable conditions for businesses in the process. the process of transforming the way its production and business activities are green. Creating conditions for businesses to access potential markets such as the energy market and information technology because we can only implement the green growth strategy if we develop at the same time as the industrial development. technology and innovation. At the same time, study mechanisms and policies to help businesses access green financial resources.

“ More importantly, businesses must also accompany the Government, ministries, branches and localities. We highly appreciate the role of FDI enterprises. Therefore, FDI enterprises will effectively support and cooperate with Vietnamese enterprises in changing the way they invest and do business, how can we instead of profiteering to become a society? society, for things that bring more inclusive benefits not only to businesses but also to the community and society ", said Mr. Nguyen Anh Tuan.

The representative of the Ministry of Planning and Investment shared: Currently, businesses themselves are gradually changing their perception and see that their green transformation is an indispensable requirement. Therefore, in the future, what the Government and ministries, branches and localities need to do is to create conditions for businesses to implement green investment production activities, not to encourage enterprises to invest in green production. . The government creates a sustaining platform to support businesses to operate effectively and better contribute to the country’s sustainable and inclusive economic development.