ASIA LEDS Resources

ASIA LEDS Resources

A low-carbon Industrial Strategy for Vietnam

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Region : Vietnam
Resource : Publications
Country :
Resource Type : Green Growth/Green Economy
Subject Of Resource : Policies, Regulations, Action Plans

Countries that get a head start in developing low-carbon technologies today will be the major economies of tomorrow. The ‘green race’ is the idea that economies can strategically position themselves to take advantage of growing low-carbon markets and succeed in capturing global market share. The analysis by ClimateWorks Australia and Vivid Economics suggests that Vietnam is already a specialist in components required for smart grids and energy storage with promising opportunities in other technologies such as solar photovoltaics and wind power. A low-carbon industrial strategy could help realign Vietnam’s economy towards these increasingly profitable sectors and help maintain its high economic growth.

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