>> Green production brings benefits to businesses
>> Proposals to act in favor of a green economy
The Ministry of Planning and Investment (MPI) reported that significant progress has been noted in collaboration frameworks, including the development of tools to assess the readiness of companies to adopt the principles of the circular economy, ESG (Environment, Social and Governance) practices and inclusive businesses (IB).
| Textile and clothing companies are among those supported to implement green, circular and inclusive models. |
| Photo : VNA/CVN |
As a result, around 4,000 companies received technical support, while more than 100 companies joined an impact business advisory network. Vietnam’s ESG Initiative, which runs from 2023 to 2025, has already attracted nearly 400 companies.
Support for digital transformation
Additionally, MPI has been proactive in supporting the digital transformation of businesses. Working with ministries, local authorities and business associations, the ministry has put in place policies to support small and medium-sized enterprises (SMEs) in their digital transformation. International resources financed the training of more than 14,000 companies, supported by contributions from the state budget, international organizations and the companies themselves.
As part of this effort, MPI, in partnership with USAID, provided targeted training to businesses in sectors such as tourism, agriculture and manufacturing in 27 provinces. Around 440 companies received expert advice to develop and implement digital transformation roadmaps and improve management and production technologies.
| Around 440 companies received expert advice to develop and implement digital transformation roadmaps. |
| Photo : VNA/CVN |
MPI also launched a digital platform (digital.business.gov.vn) where businesses can access tools, training materials and support packages for digital transformation. The portal has attracted more than 2 million visits and its resources have been downloaded 32,000 times. Nearly 5,500 companies have used the platform to assess their digital transformation readiness.
In response to the challenges faced by businesses, the Small and Medium Enterprise Development Fund (SME Fund), under the MPI, applied a 2% reduction in loan interest rates, within the framework of Government Resolution n °105/NQ-CP published in July 2023. The fund has also expanded its partnerships, with nine commercial banks now offering indirect loans, including OCB, VPBank and VietABank.
Promotion of innovation and entrepreneurship
In June 2024, Minister of Planning and Investment Nguyen Chi Dung co-chaired with Undersecretary of State for Economic Growth, Energy and Environment Jose W. Fernandez , the first economic dialogue of the Vietnam-United States comprehensive strategic partnership.
The discussions focused on critical areas such as cooperation in the semiconductor industry, energy and critical minerals, improving the business environment, attracting high-quality investments and cybersecurity.
Minister Nguyen Chi Dung stressed that his ministry will continue to support new economic models, such as circular and sharing economies, while developing industries such as semiconductors, renewable energy and AI. These initiatives are essential to propel Vietnam’s growth in the global economy.
The official also had working sessions with major US technology companies on innovation, semiconductors and artificial intelligence.
VNA/CVN
