Vietnam perspective: Building momentum for sustainable growth
In Vietnam, sustainability is increasingly becoming a core pillar of mid-market growth strategies. According to the International Business Report (IBR) by Grant Thornton, 80% of mid-market businesses in Vietnam have implemented three or more sustainability initiatives, significantly above global and regional averages.
At the macro level, Vietnam is also accelerating its sustainability agenda. The government has committed to achieving net-zero emissions by 2050 at COP26, while introducing key frameworks such as a national green taxonomy and promoting green finance across the banking system. According to the State Bank of Vietnam, green credit accounted for approximately 4.5% of total outstanding loans in 2023 and continues to grow steadily, signalling a gradual shift of capital towards sustainable activities.
In parallel, Vietnam is preparing to pilot a carbon market from 2025, initially covering major emitting sectors, marking a significant step towards formalising carbon pricing mechanisms and strengthening emissions governance, as reported by Reuters.
Together, these developments indicate that Vietnam is not only keeping pace with global sustainability trends but is also building the policy and financial foundations needed to support long-term sustainable growth. In this context, mid-market businesses are well positioned to leverage sustainability as a strategic driver of resilience and competitive advantage.