Green Economy

By advancing low-carbon industrial zones, clean energy, and a pilot carbon market, the new partnership positions the northern port city as a top destination for green investment.

Vietnam has proposed key international initiatives to simplify access to global climate finance, de-risk private green investments, and establish high-integrity standards for carbon markets at the 17th Session of the Conference of the Parties (COP17) to the United Nations Convention to Combat Desertification (UNCCD), hosted by Mongolia from August 17-28.

Among the nine core principles identified by the smart city project, the most notable is the order of priority: placing citizens and businesses at the center; using data as the foundation; ensuring interconnection, integration, and shared usage; guaranteeing information security and privacy.

As their economic importance increasingly comes to the fore, a growing variety of interests are seeking opportunities along Vietnam’s coastline and sea areas.

This represents a significant step toward converting the value of forest carbon sequestration into financial resources while promoting sustainable forest management.

There is business and community goodwill toward recycling but scaling suitable models remains problematic.