Green growth in Vietnam: Current status and policy implications

Climate change causes negative impacts on the sustainable development of many nations, including Vietnam. The World Bank (2022) showed that Vietnam's GDP was reduced by 3.2% in 2020 due to the impact of climate change. Furthermore, this impact could range from 12 to 14.5% of Vietnam’s GDP in 2050. Therefore, green growth is an important strategy to achieve sustainable development goals for Vietnam. This study aims to analyze the situation of green growth in Vietnam and discuss policy implications to promote green growthin Vietnam to achieve the National Green Growth Strategy goals for the 2021 - 2030 vision towards 2050, issued under Decision No. 1658/QD-TTg dated October 1st, 2021, of the Prime Minister.