Business Challenges in Green Growth and Sustainable Development

Green growth and sustainable development have become appropriate strategic directions for recovery and development of the economy and further, risk prevention of both the public and private sectors, because green growth reflects how economies respond to the complex developments of climate change and natural resource depletion; reflects the trends of finding new growth models with green industry as the spearhead, creating new and highly competitive growth drivers; At the same time, it demonstrates the efforts of governments in restructuring the economy towards green and sustainable growth. Therefore, reducing greenhouse gas emissions, green economy, digital economy, circular economy and sustainable development are the keys to success for the socio-economic development strategies of countries, localities, enterprise. Vietnam is entering a new stage of development associated with development goals to 2030, vision to 2045. The 10-year socio-economic development strategy 2021-2030 has set a major direction to change new thinking and action, proactively grasp promptly and effectively take advantage of the 4.0 Industrial Revolution associated with comprehensive and extensive international integration to restructure the economy, develop a green economy, and digital, digital society. This article studies the theory of green growth, sustainable development, benefits and challenges in business development in green growth towards sustainable development, analyzes the current state of business operations and introduces solutions to develop businesses towards green growth and sustainable development in Vietnam in the coming time.