Solutions for conservation and sustainable use of natural capital in Vietnam

   1. Some limitations in using natural capital in Vietnam

In the context of Vietnam's deep participation in international commitments on the environment, climate change... requires an appropriate approach to turn natural resources into a driving force for development and reduction. minimize the risks of environmental pollution.

However, the biggest limitation today is that natural resources have not been used effectively, and there is waste, loss, and complicated developments due to market mechanisms.

The implementation of the policy of land accumulation and "land consolidation" is still slow; Degradation of land resources is quite common, export of raw minerals, mining and processing technology has little technological content.

Exploitation and use of water resources are not sustainable. Biodiversity is decreasing, important natural ecosystems such as mangrove forests, coral reefs, seagrass beds... are facing degradation and have not been restored; The advantages of marine resources and environment have not been promoted, marine resources and coastal areas have been seriously degraded, fisheries resources have been exhausted...

2. Solutions for conservation and sustainable use of natural capital in Vietnam

The National Green Growth Strategy with a vision to 2050 and the Socio-Economic Development Strategy for the period 2021-2030 set out priorities for effective use and conservation of natural capital.

Accordingly, the Strategy requires research and promulgation of economic and financial mechanisms and policies on the recovery and development of "natural capital", encouraging the participation of all economic sectors to invest in ecosystem recovery.

To promote conservation and effective investment in natural capital, creating a solid foundation for sustainable development, the following solutions need to be implemented in the coming time:

One is, creating a strong change in the awareness of all levels, sectors, businesses and people about the value of natural capital in building a green economy and the importance of conservation and sustainable use of natural capital.

Second, Develop favorable mechanisms and policies to promote investment in natural capital development, improve resource use efficiency and minimize negative impacts on natural capital. Continue to improve management institutions, strengthen law enforcement capacity and build mechanisms and policies to minimize impacts on natural capital.

Third, Develop a roadmap for implementing natural capital accounting in national accounts, focusing on the value of ecosystem services in planning and implementing planning, as well as implementing investment projects that need to be considered. effective exploitation and use of natural capital.

Four, Assess and inventory the current state of natural capital resources (including forest, marine, and wetland ecosystems) to have appropriate planning and management plans, creating a basis for balancing the implementation of conservation goals. economic and social survival and development.

Strengthen management and investment capacity for conservation and development of natural capital, promote natural infrastructure to adapt to climate change, and develop a circular economic model. Conclude

Sustainable use and recovery of natural capital resources play an important role in achieving sustainable development goals, especially goals related to sustainable development. Documents of the 13th Party Congress, the Law on Environmental Protection 2020, the National Strategy on Green Growth... have added content on economic tools and resources for environmental protection, promoting the exploitation, use and development of natural capital. This is an important legal basis to preserve and further promote the value and role of natural capital to harmonize the goals of development and conservation of natural capital.