As the country enters a new stage of development with growing demands for renewing its growth model, improving labour productivity and achieving sustainable development, the digital economy and the green economy are emerging as key drivers of economic growth.

The upcoming official visit to Thailand by General Secretary of the Communist Party of Viet Nam (CPV) Central Committee and State President To Lam is expected to become a milestone shaping the bilateral relations over the next decade, according to Thai newspaper The Standard.

To maintain and expand export market share in Europe, businesses must comply with the European Union’s new regulations of Carbon Border Adjustment Mechanism (CBAM). This is not only a challenge but also an opportunity for Vietnamese businesses to enhance competitiveness and meet international standards.

The National Strategy for Green Growth for the 2021–2030 period, with a vision extending to 2050 and endorsed by the Prime Minister, is among Viet Nam’s efforts to maintain growth while pursuing a green economic development model aimed at conserving natural resources, the environment, and climate change.

In the context of rapid urbanisation, mounting environmental pressures, and escalating climate change, Ho Chi Minh City is striving to promote the development of a circular economy, laying the groundwork for building a green economy. However, to achieve this goal, the city must implement comprehensive solutions accompanied by bold and breakthrough policies.

As one of the countries heavily affected by climate change, the development of a circular economy is an important solution for Vietnam, towards the development of a green and low-carbon economy.