Forum “Twin Transition – A Driving Force for Economic Growth”: From Policy to Business Practice

The event gathered leaders from ministries and agencies, experts, and the business community nationwide to discuss solutions for promoting digital transformation and green transition – two strategic drivers for Vietnam’s sustainable economic growth.

Attending the forum were representatives from central and local authorities, including Mr. Nguyễn Hồng Hiển – Director General of the Department of Science, Technology, Innovation and Digital Transformation (Central Policy and Strategy Commission); Mr. Phạm Hồng Quất – Director General of the Department of Startups and Technology Enterprises (Ministry of Science and Technology); and Mr. Nguyễn Việt Hùng – Deputy Director of the Ho Chi Minh City Department of Science and Technology. The event also featured prominent speakers such as Mr. Vũ Hoàng Liên – Chairman of the Vietnam Internet Association, Mr. Trương Văn Cẩm – Vice Chairman and General Secretary of the Vietnam Textile and Apparel Association, Mr. Nguyễn Đình Thắng – Vice Chairman of the Vietnam Informatics Association, and Mr. Mạc Quốc Anh – Vice Chairman of the Hanoi SME Association.

In his opening remarks, Mr. Hoàng Quang Phòng, Vice President of VCCI, emphasized that in the era of the Fourth Industrial Revolution, the twin transition is not merely a trend but a strategic investment to enhance business competitiveness and sustainable development. Participants agreed that the biggest challenge lies in bridging the gap between policy and implementation, while noting that AI is becoming the core of digital transformation—ushering in the era of “AI-driven transition” in management and production.

Delegates at the forum. Photo: Board of organisers

Representing the Ho Chi Minh City Green Business Association (HGBA), Dr. Nguyễn Phương Nam – Executive Committee Member and CEO of KLINOVA – shared insights on the driving forces behind corporate green transition as well as the pioneering role of HGBA members. He emphasized the importance of integrating ESG standards into sustainable development strategies, while highlighting that SMEs should receive capacity-building, training, and technical consulting support from pioneering enterprises and their own successful case studies.

Dr. Nam further noted that businesses need to fully understand the essence of the “twin transition” – digital transformation for acceleration, green transformation for sustainability, and innovation as the key to success. In the current context, he stressed, there is no one-size-fits-all formula for implementing the twin transition.

Echoing this view, Mr. Nguyễn Đoàn Kết, Vice Chairman of the Board and Deputy General Director of Rạng Đông Light Source & Vacuum Flask JSC, remarked that each enterprise has different scales, resources, technological capabilities, and financial conditions. Therefore, they must design their own digitalization and greening roadmaps tailored to their capacities and industry characteristics.

Dr. Nam, Executive Member of the Ho Chi Minh City Green Business Association (HGBA) and CEO of KLINOVA, one of the key speaker at the forum.
Photo: Board of organisers

The forum served as a bridge between policy, technology, and enterprise, contributing to the promotion of innovation, collaboration, and sustainable growth toward a green, digital, and resilient Vietnamese economy.