Decision 1393/QD-TTg: Vietnam Green Growth Strategy
Green growth is a means to achieve a low carbon economy and to enrich Vietnam’s natural capital through sustainable development. It notes that GHG emissions and removals are gradually becoming essential indicators in social-economic development, and attempts to normalise this within Vietnam’s development framework.
The central pillars of the programme are
– Low Carbon Growth
– Greening of Production
– Greening of Lifestyles
The strategy includes the development of tax incentives for high-technology, scientific research and technology development firms in the environment sector. They will pay 10% tax, a discount against the baseline 25% tax rate, for the first 15 years of operation.
Further incentives come from import tax exemptions to encourage the import and use of technology related to environmental monitoring, analysis and the development of clean energy. In addition, taxation will be increased on water exploitation, from 1% to 3% for the exploitation of surface water, and 3% to 8% for the exploitation of groundwater.
The strategy contains numerous targets.
For 2020:
– GDP per capita doubled compared to 2010
– Reduce energy consumption per unit of GDP by 1.5-2% per year
– Reduce intensity of GHG emissions per unit of GDP by 8-10% or double the target with international support
For 2030:
– Reduce total GHG emissions by at least 1% per year without and 2% with international support.
– Environmental degradation is addressed and natural capital stocks are to be improved while access to and use of clean and green technology is significantly enhanced.
For 2050:
– Vietnam has mainstreamed Green Economic Development.
