The question is, what should businesses do to seize opportunities for technological innovation towards green economy? First, they have to actively find investment capital, such as state budget, environmental protection funds which have incentive policies to encourage businesses to invest in technological innovation in order to promote the implementation of green growth strategies.
Businesses should participate in domestic and foreign technology trade fairs about "green technology", "green innovation", "green action"… to be able to catch up on the global trend and green technologies that are being realized or planned in the world, so that they can choose the most appropriate technologies. More importantly, businesses need to have a thorough investment plan for technological innovation in conformity with the green criteria of products, make use of available funds and incentives for technological innovation, especially the high-tech environment-friendly ones.
Mr. Pham Hong Quat, Director General of the Department of Market and Enterprise Development (Ministry of Science and Technology) said, to transform the economy towards green growth, Vietnam has to face major problems due to the undeveloped technology of renewable energy production and the low development of science and technology (especially R & D and technology transfer).
Most of businesses in Vietnam still have limited economic potential and do not have enough courage to realize the “venture capital” to create a breakthrough in manufacturing and trading operation. However, there have been many Vietnamese businesses taking steps to develop towards green economy: manufacturing wood pellets and firewood from agricultural waste to help save fuel and reduce carbon emissions; manufacturing fuel pellets from agricultural and forestal residues such as rice husk, saw dust...; implementing waste treatment projects such as recover lead from batteries or lead waste.
According to Mr. Pham Hong Quat, to support businesses in the progress of green development, the State has proposed many policies and forms of support. For example, the Development Fund of Small and Medium-sized Enterprises (SMEDF), which has been established since 2013, offers loans through consigning to commercial banks.
If small and medium-sized enterprises have projects, programs or plans on the production of high quality products, new materials, new energy, equipment innovation, technological innovation…, they will be offered many preferential policies for loans with a fixed interest rate for the entire loan term.
On the other hand, the National Technological Innovation Fund has also been established to support the technological transformation of businesses. Operating under the Ministry of Science and Technology, the Fund will offer loans with preferential interest rates, guarantee for loans, financially support organizations, individuals and businesses to research, transfer, innovate and perfect their technologies, develop new technologies and produce new products...
Translated by CPSI office
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