Econ
Green economy as solution for sustainable development
The green economy is a new economic paradigm that aims to achieve development while protecting the environment. It is considered as a way forward, purporting that there should be no conflict between economic progress and environmental protection.
Greening the economy does not impede wealth creation, nor employment opportunities. Instead, relevant sectors can present opportunities for investment, growth, and jobs given the necessary conditions during transition. Transitioning to a green economy can help mitigate the adverse impact of rapid population growth in the depletion of natural resources
Asia’s economies have achieved remarkable growth rates, particularly over the past two decades. If Asia continues to grow on its recent trajectory, it could, by 2050, account for 51% of world gross domestic product (compared with 27% in 2010), with a six-fold increase in per capita income. With these long-term changes in trade, business, and labor markets, there is a rebalancing of power and influence in the region, and between the region and other parts of the world.
Within Asia and the Pacific, policy frameworks are being prepared to ensure that these growing economic benefits are inclusive by improving the quality and outreach of skills development employability and sustainable livelihoods. Countries are also taking action to ensure that economic growth in Asian and Pacific countries is “green,” which minimizes adverse impacts on the environment. The transition to green growth currently focuses on efficient use of energy; greater use of renewable energy and the associated investment in technology development; waste reduction leading to lower pollutant emissions; production processes that conserve; the recycling and reuse of natural resources; and, an understanding that environmental regulations, standards, and economic instruments are not a hindrance to production, but are essential for achieving inclusive, sustainable, and environmentally friendly growth.
Viet Nam is one of the few countries proactively taking initiatives toward green growth, green jobs, and green skills. Even though policy and practice are gradually converging and there are examples in Viet Nam that demonstrate the power of going green, a larger society-wide impetus is still required to demonstrate the advantage of skills that are sustainable, employable, and remunerative over standard skills. The government may create incentive systems, exert regulatory pressures, and push reforms, but the real indicator of the country acknowledging green practices would be evident once small and medium industries start recognizing the value of green skills.
The government intends to implement an industrial policy for sustaining growth in various sectors such as agro-industry, food, machinery, mechanical engineering, and construction materials; and by developing key industries such as energy, chemicals, metallurgy, and mechanical engineering.
The demand for green skills in Viet Nam is increasing in the five high-growth sectors of construction, transport, energy, hospitality and tourism, and manufacturing. The highest demand is in hospitality and tourism, followed by the 4 Viet Nam 75 manufacturing sector. There is a strong realization among industries that the best way to manage increasing costs is to adopt sustainable practices; however, adopting sustainable practices adds to increasing costs. Companies, therefore, need to manage the matters of meeting customer demands for green products and introducing green processes, technology, and skills. Many of the green skills demands in hospitality and manufacturing arise out of the need for impact assessments. The enterprises also expect high sustainability standards from their supply chain.
Viet Nam is one of the few countries proactively taking initiatives toward green growth.
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Within Asia and the Pacific, policy frameworks are being prepared to ensure that these growing economic benefits are inclusive by improving the quality and outreach of skills development employability and sustainable livelihoods. Countries are also taking action to ensure that economic growth in Asian and Pacific countries is “green,” which minimizes adverse impacts on the environment. The transition to green growth currently focuses on efficient use of energy; greater use of renewable energy and the associated investment in technology development; waste reduction leading to lower pollutant emissions; production processes that conserve; the recycling and reuse of natural resources; and, an understanding that environmental regulations, standards, and economic instruments are not a hindrance to production, but are essential for achieving inclusive, sustainable, and environmentally friendly growth.
Viet Nam is one of the few countries proactively taking initiatives toward green growth, green jobs, and green skills. Even though policy and practice are gradually converging and there are examples in Viet Nam that demonstrate the power of going green, a larger society-wide impetus is still required to demonstrate the advantage of skills that are sustainable, employable, and remunerative over standard skills. The government may create incentive systems, exert regulatory pressures, and push reforms, but the real indicator of the country acknowledging green practices would be evident once small and medium industries start recognizing the value of green skills.
The government intends to implement an industrial policy for sustaining growth in various sectors such as agro-industry, food, machinery, mechanical engineering, and construction materials; and by developing key industries such as energy, chemicals, metallurgy, and mechanical engineering.
The demand for green skills in Viet Nam is increasing in the five high-growth sectors of construction, transport, energy, hospitality and tourism, and manufacturing. The highest demand is in hospitality and tourism, followed by the 4 Viet Nam 75 manufacturing sector. There is a strong realization among industries that the best way to manage increasing costs is to adopt sustainable practices; however, adopting sustainable practices adds to increasing costs. Companies, therefore, need to manage the matters of meeting customer demands for green products and introducing green processes, technology, and skills. Many of the green skills demands in hospitality and manufacturing arise out of the need for impact assessments. The enterprises also expect high sustainability standards from their supply chain.
