Green growth also defined as a key factor in ensuring sustainable growth and rapid, effective and sustainable economic development.
The Prime Minister adopted a green growth action plan until 2020 detailing activities needed to realize the strategy. The plan focuses on restructuring energy, industry, agro-forestry, transportation, construction, the environment, science, and technology sectors. 40 cities and provinces nationwide have developed their own green growth plans.
Tran Trung Hieu from the Central Institute for Economic Management (CIEM) said “Provinces have issued plans to promote green growth, but have not integrated green growth into their socio-economic development plans. They need guidance from the Ministry of Planning and Investment to identify goals, targets, and a budget for this work.”
Localities have promoted links between sectors and regions, involved the community, and identified resources to implement the Green Growth Strategy.
Doctor Tran Thi Hanh of the Central Institute for Economic Management said "The Ministry of Planning and Investment needs to set out green growth criteria when evaluating investment priorities and identifying investment resources for local socio-economic development plans. Green growth criteria should also be included in appraising public investment projects.”
Promoting green growth will help Vietnam improve its people’s lives and local growth, increase national economic competitiveness, boost economic restructuring, and reduce poverty.