Vietnam’s green economy set to exceed 10% of GDP by 2030

Vietnam’s green economy is projected to contribute more than 10 per cent of national GDP by 2030, with sustainable industries expected to generate hundreds of thousands of new jobs, reports VNA, a partner of TV BRICS.

Industry specialists noted that rapid urbanisation and rising demand for healthier living environments are accelerating investment in green infrastructure, smart technologies and resource-efficient construction. The integration of urban planning, architecture, environmental design and digital innovation is increasingly shaping the future of Vietnamese cities.

Vietnam is increasingly positioning itself to capitalise on global growth in sustainable industries. International forecasts suggest that the global smart home and green living sectors could expand by 18–27 per cent annually between 2026 and 2035. The smart home market alone is projected to reach US$232 billion in 2026 and potentially exceed US$500 billion by the beginning of the next decade.

At the same time, the global renewable energy sector is expected to approach US$2 trillion by 2030, while demand for organic food, sustainable healthcare products and environmentally friendly consumer goods continues to rise steadily worldwide.

The country is also expanding investment in offshore wind energy, green hydrogen production, smart infrastructure and sustainable construction materials. More than 40 smart city projects are currently under development across Vietnam, creating favourable conditions for technological innovation and green industrial growth.

Vietnam’s long-term strategy includes advancing its net-zero emissions ambitions by 2050 while promoting innovation-led growth. Policymakers believe that accelerating the adoption of green technologies and sustainable consumption practices will help strengthen competitiveness and create new opportunities across multiple sectors of the economy.