Research Factors Affecting Green Economic Development and Some Policy Implications

Abstract

Vietnam is one of the countries heavily affected by climate change and rising sea levels. According to the World Bank, it is estimated that climate change will reduce Vietnam's GDP by 3.5% by 2050. Therefore, developing a green economy is the most effective and fastest way to adapt. and minimize the impact of climate change. The goal of the research is to evaluate the impact of environmental factors on Vietnam's green economic development. Through a survey of 215 samples from different subjects such as managers, businesses, residential communities, etc., the study pointed out 5 main influencing factors, including: government’s regulatory policies, engineering technology, environmental resources, human resources, and residential community. The research results provide a premise for suggesting a number of policy implications for the goverment as well as relevant ministries and branches in the process of completing the policy framework to develop a green economy for Vietnam in the coming time.