Building a greener and more inclusive Viet Nam

Context

Since its 1990 reforms, Viet Nam has achieved rapid economic growth, driven by intensive use of labour, natural resources, and capital. To sustain future growth, the country must shift towards a more inclusive and greener economy. The Viet Nam Green Growth Strategy (VGGS) for 2021 to 2030, with a vision to 2050, supports this transition. Viet Nam has committed to reaching net-zero emissions by 2050 and advancing the Sustainable Development Goals (SDGs). Although various initiatives aim to boost productivity and improve environmental and social standards, aligning these efforts remains challenging.

Objective

Public and private resources in Viet Nam are managed more effectively to support inclusive and green growth through coherent economic policies, including green finance and public finance management.

Approach

The programme supports the Vietnamese government in advancing macroeconomic reforms and managing resources for green and inclusive growth through:

• Enhancing the Ministry of Planning and Investment's ability to manage public and private resources for green growth and implementing the SDGs;
• Providing the Central Institute for Economic Management with research and policy advice on green growth, circular economy, and regional development linkages;
• Collaborating with the Ministry of Finance to improve public financial management;
• Partnering with the State Bank of Viet Nam to reform financial markets for green growth;
• Working with the Ministry of Labour, Invalids and Social Affairs to integrate social aspects into green growth policies.

Last update: April 2025