HCM CITY ( WNAM MONITORING): Over the past five years (2020 – 2025), HCM City has unveiled numerous initiatives and action plans to promote green growth, focusing on renewable energy, the circular economy and waste management.
To cut greenhouse gas emissions by 10 per cent by 2030 and help Việt Nam achieve its net-zero target by 2050, the city has been encouraging businesses to adopt green production models, supporting small and medium-sized enterprises in accessing green credit, developing electric buses and implementing waste sorting at source through a wide range of policies.
One key policy is Decision No 1055/QĐ-UBND issued in 2021 for a programme to reduce environmental pollution in 2020–30, focusing on cutting the impact of wastewater, gas emissions, and solid waste from industrial activities on the environment.
This programme has played a major role in guiding the city’s growth and helping officials make adjustments to development targets so that HCM City can become an economic powerhouse that also provides a clean and sustainable living environment for residents, tourists, and investors.
In 2022, the city issued Decision No 4589/QĐ-UBND on implementing the 2021–30 national strategy for sustainable development, restructuring its economy towards green growth, promoting green credit for businesses, attracting green investment projects, encouraging environmentally friendly lifestyles, and identifying criteria for “green buildings”.
Resolution No 98/2023/QH15 of the National Assembly on piloting specialised mechanisms for HCM City’s development has also created favourable conditions for green economic growth.
For example, the city can pilot financial policies to reduce greenhouse gas emissions through carbon credit exchange and offset mechanisms, and is considering installing solar panels atop government buildings to cut energy consumption.
There are also mechanisms to encourage households and businesses to switch to solar energy and vehicles using clean energy, especially motorbikes operated by ride-hailing services, as well as policies to incentivise solid waste processing projects to adopt energy recovery technologies.
