NAVIGATING THE AUSTRALIA-VIETNAM GREEN ECONOMY
Deepening ties between Australia and Vietnam are underpinned by increasingly
aligned views on a range of issues, including the green economy. Recent statements
from both leaders have articulated shared concerns about the impact of climate
change, including the pressing issues of rising sea levels and intensifying weather
patterns across Asia. These concerns have underscored the need for collaborative
efforts, and the green economy has emerged as a promising area for cooperation.
Australia’s aspirations in this area complement the ambitions of Vietnam. Australia’s
potential to be a renewable energy superpower could enable it to play a pivotal role
in the region’s green economy transition. Similarly, Vietnam places increasing focus
on diversifying its power generation, focusing on investment in renewable energy
sources such as wind and solar. Deepened bilateral cooperation would contribute
to regional efforts to mitigate the destructive effects of climate change. Building
meaningful cooperation in the green economy will require greater effort by both
government and business.
This is the first in a series of five briefing papers. It seeks to situate Vietnam’s green
economy in the broader political, economic and geopolitical context. Subsequent
papers will delve into more detail about opportunities and challenges across key
aspects of the green economy.