According to the draft, the criteria for green projects are developed on the basis of the Law on Environmental Protection and current regulations, ensuring consistency and alignment with international practice.
The list of green projects is expected to cover 45 project types across 7 key sectors: energy; transport; construction; water resources; agriculture, forestry, and fisheries and biodiversity conservation; processing and manufacturing industries; and environmental services. Objectives and requirements are clearly specified for each individual project type.
Regarding criteria for circular projects, the draft stipulates that they must fall under one of three project categories.
The first is “Circular Design Projects,” which apply design and production practices meeting circular criteria to reduce the extraction and use of non-renewable resources and water, increase the efficiency of resource, raw material, and material use, and achieve energy savings.
The second is “Circular Use Projects,” which apply one or more of the following measures — reuse, repair, refurbishment, repurposing, remanufacturing, leasing, or product/equipment/infrastructure sharing — that meet circular criteria to extend the service life of materials, equipment, products, goods, components, and parts.
The third is “Resource Recovery Projects,” which carry out the sorting, collection, treatment, and recycling of waste, or apply other circular measures meeting circular criteria to limit waste generation and minimise adverse environmental impacts.
The draft Decision also introduces a list of projects eligible for consideration and identification as meeting circular criteria across 8 main sectors: agriculture, forestry, and fisheries; energy; minerals; processing and manufacturing industries; construction; transport; trade and logistics services; and industrial zones, industrial clusters, concentrated production and business zones, urban areas, and concentrated residential areas — each linked to specific technical requirements.
A notable new element in the draft is the provision on the application of an ESG standards framework comprising 52 criteria.
Accordingly, reporting requirements on the application of the ESG standards framework are tiered by enterprise size. Small and medium enterprises applying the ESG standards framework must report on a minimum number of criteria as follows: 7 out of 52 for micro-scale enterprises, 10 out of 52 for small-scale enterprises, and 12 out of 52 for medium-scale enterprises.
Household businesses and individual business operators applying the ESG standards framework must report on a minimum of 4 out of 52 criteria. All other enterprises applying the ESG standards framework must report on a minimum of 40 out of 52 criteria, or are encouraged to implement the ESG standards framework within their sustainability reports in accordance with international standards and norms
Request the contribution in this attached letter: CV de nghi gop y kien du thao QĐ TTg DA xanh KTTH ESG_Final_2_signed
Detailed draft: https://mae.gov.vn/van-ban-du-thao-2185.htm
