HÀ NỘI — Investment in sectors related to green growth has been on the rise, but it is necessary to devise practical incentives to help businesses effectively adopt green production and business practices, an official has said.Enterprises in Việt Nam, both foreign direct investment (FDI) and domestic ones, have invested about US$9 billion, or 2 per cent of GDP, in the fields related to green development such as renewable energy, clean energy, and equipment serving a green economy.According to Nguyễn Anh Tuấn, Deputy Director of the Foreign Investment Agency under the Ministry of Planning and Investment (MPI), investment in green growth has increased by some 10 - 13 per cent over the last two years.Contributions by the business community, including FDI firms, to green growth are substantial, which is an encouraging sign, he opined, noting that enterprises have helped change production, business, and consumption practices toward green growth.Nguyễn Văn Toàn, Vice Chairman of the Việt Nam Association of Foreign Invested Enterprises (VAFIE), cited data as showing that before 2021, only 5 per cent of FDI companies used high technology, 80 per cent medium technology, and 15 per cent low technology. During that period, the country attracted FDI at all costs to create jobs and boost exports while lacking due attention to environmental protection.Toan held that the situation has improved much in the last 3 to 4 years, especially since the Politburo issued Resolution 50-NQ/TW on orientations for perfecting regulations and policies to improve the quality and effectiveness of foreign investment cooperation by 2030. The country has attracted FDI in a selective manner.The global minimum corporate income tax of 15 per cent, initiated by the Organisation for Economic Cooperation and Development (OECD) and to be imposed on multinationals with annual revenues of 750 million euros (over $820 million) or more, will also give a boost to the revision of the foreign investment attraction strategy, he said.Facing that fact, the MPI has submitted proposals to the Government and coordinated with other ministries, sectors, and localities to fine-tune the legal framework for green development.The Government should continue ordering ministries and sectors to review and ensure that the legal framework is truly favourable for green practices. VNS (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News