Organized under the leadership of the Vietnam Chamber of Commerce and Industry (VCCI), the event gathered government leaders, ministries, international organizations, experts, and the business community to discuss pathways for Vietnam toward green growth and sustainable development.
With the theme “Sustainability in the New Era: Turning Aspirations into Action,” this year’s forum highlighted the pioneering role of businesses in fulfilling Vietnam’s commitment to net-zero emissions by 2050, while also advancing the goal of making the private sector the most important driver of the national economy.
Deputy Prime Minister Ho Duc Phoc, Chairman of the National Council for Sustainable Development, attended and delivered keynote remarks. He emphasized that sustainability is not only a global trend but also an inevitable requirement for Vietnam to secure competitiveness, deepen integration, and ensure long-term prosperity. The Deputy Prime Minister affirmed the government’s commitment to institutional reforms, green finance promotion, and strategic infrastructure development, pledging to stand alongside businesses throughout the transition.
Deputy Prime Minister Ho Duc Phoc delivers remarks at the Forum. Photo: Organizing Committee
Speaking at the opening, VCCI Chairman Pham Tan Cong underscored: “Green recovery, carbon neutrality, renewable energy transition, and circular economy have become inevitable trends. This is a historic opportunity for Vietnam to restructure its growth model and move toward a knowledge-based, green, and prosperous economy.”
Notably, KLINOVA, represented by Dr. Nguyen Phuong Nam (CEO), Ms. Nguyen Thi Minh Hue (Project Director), and Mr. Dang Huu Hoang (Head of Marketing & Communications), also took part in the event. Their presence reaffirmed KLINOVA’s commitment to accompanying Vietnamese businesses on the path of green transformation while amplifying the voice of the private sector in shaping sustainability strategies.
During the discussion sessions, representatives from the Ministry of Finance stressed the importance of green transition as a new growth engine. According to World Bank estimates, Vietnam will need around USD 368 billion for the 2022–2040 period to achieve its green objectives, with nearly half expected to come from the private sector. The ministry noted that a series of incentives has been introduced, ranging from green credit lines and 2% annual interest subsidies for green projects to tax deduction mechanisms for R&D and innovation.
Meanwhile, the Ministry of Agriculture and Environment announced key policy updates in climate action, including piloting a domestic carbon market until 2028, introducing green classification criteria for investment projects, and revising environmental impact assessment regulations with greater decentralization to local authorities. These steps are seen as crucial not only for businesses to meet Net Zero commitments but also to unlock access to international green capital and technology.
Plenary discussion session at the Forum. Photo: Organizing Committee
A major challenge identified by participants is that 97% of Vietnamese enterprises are small and medium-sized, facing constraints in capital, technology, and skilled workforce for green transition. Yet failure to adapt could expose them to “green” trade barriers in major markets such as the EU, U.S., and Japan, creating significant export and integration hurdles.
Following the plenary session in the morning, VCSF 2025 continued with two parallel thematic discussions in the afternoon, delving deeper into key aspects of sustainability. Led by prominent speakers, experts, and business leaders, the sessions were considered highly practical, offering Vietnamese enterprises actionable insights for their sustainability journey.
One session focused on green transition and the circular economy, where experts, businesses, and international organizations shared practical experiences, technological solutions, and pioneering business models for low-emission growth and Net Zero targets.
The other session examined the role of enterprises in ESG implementation and inclusive growth, discussing challenges and opportunities for Vietnamese businesses in integrating social, environmental, and governance objectives into business strategies—thereby strengthening competitiveness and enhancing global market positioning.
VCSF 2025 has been hailed as a vital bridge connecting the business community, policymakers, and development partners—spreading the spirit of sustainability while fostering concrete cooperation initiatives to help Vietnam advance confidently toward integration, resilience, and sustainable prosperity.
- Huu Hoang -
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