National policies to develop Vietnam are showing strong commitment and efforts to implement the Strategy for Green Growth issued through the action plan on green growth at the national and local levels. Vietnam received massive support from the international community through the development agencies like the World Bank (WB), Asian Development Bank (ADB), United Nations Development Programme (UNDP) Agency for international development (USAID), etc. In addition, Vietnam has huge potential for renewable energy sources including biomass from waste products or agricultural output of 10 million tons of oil equivalent /male. Biogas Potential approximately 10 billion m3 of garbage, dung and agricultural wastes. Technical potential of small hydro (<30MW) than 4000MW. Source Solar radiation varies with average sunshine 5kWh/m2/day allocated across the country. Geographical location of Vietnam with more than 3.400km coastline also help Vietnam has huge potential for wind energy potential is estimated at 500-1000 kWh/m2/year (Similarly, 2015).

There are many challenges remain for Vietnam in the transition of growth patterns, including financial difficulties, human and technological level.

Vietnam's economy is still dependent mainly on the exploitation of crude, used a lot of natural resources and fossil energy for economic development and consumption. To develop renewable energy, the Government must have the policy mechanisms attractive to investors and ensure stable purchase prices for renewable energy. The level of technology in many areas remains low raises the challenge of technological innovation and investment. In addition, funding for green growth is very low.

Against this backdrop, there have been some measures to boost green growth are proposed, including: construction and promulgate mechanisms to encourage and promote the study and use of new technologies; promoting public-private partnership model; decentralization of financial resources for green growth national and local level; diversifying the forms of attracting and mobilizing finance for green growth; increasing the proportion of investment in the sector bring high economic efficiency, less polluting the environment, saving natural resources; development of renewable energy sources, etc. 

In order to implement the above measures, requires awareness and consensus of all levels of management, business and citizens. Thus green growth strategy in Vietnam attained certain achievements in the future.

Summarized by CPSI office