Strategies for Sustainable Economic Growth: Balancing Development and Environmental Management

This research addresses the question of how to achieve sustainable economic growth while balancing development and environmental management, filling a gap in previous research that focused predominantly on quantitative methods with limited exploration of qualitative insights, particularly in Vietnam. The aim of the study was to identify effective strategies, examine challenges, and provide actionable recommendations for policymakers and stakeholders. Using an exploratory qualitative methodology, the research collected data through semi-structured interviews with policymakers, environmental experts, and business leaders, focus group discussions with community stakeholders, and document analysis of relevant policies and international frameworks. The findings highlighted key strategies such as adopting green technologies, promoting renewable energy, and implementing sustainable agriculture, while identifying challenges like short-term costs, weak policy enforcement, and limited public awareness. Successful case studies, such as Scandinavian countries’ green policies, emphasized the importance of strong governance, public-private partnerships, and inclusive approaches. These results are significant as they provide practical insights for designing and implementing sustainable growth strategies tailored to national and local contexts. The research underscores the need for integrated policies, stakeholder collaboration, and global cooperation to ensure a balanced approach to economic growth and environmental sustainability.