VIETNAM NATIONAL UNIVERSITY - HANOI UNIVERSITY OF ECONOMICS AND BUSINESS DONGHYUN KO STUDYING SOUTH KOREA'S GREEN GROWTH POLICY AND SOME POLICY IMPLICATIONS FOR VIETNAM PH. THESIS RESEARCH Hanoi, 2024 VIETNAM NATIONAL UNIVERSITY - HANOI UNIVERSITY OF ECONOMICS AND BUSINESS DONGHYUN KO STUDYING SOUTH KOREA'S GREEN GROWTH POLICY AND SOME POLICY IMPLICATIONS FOR VIETNAM STUDY FIELD: INTERNATIONAL ECONOMICS CODE: 9310106. Ha Van Hoi 2. Vu Thanh Huong Hanoi, 2024 ACKNOWLEDGEMENT I dedicate this thesis to my beloved wife, Cho, A-hae (Anna), whose unwavering support and companionship have been my greatest source of strength throughout this journey.
Her dedication, especially during our time in Vietnam, has been a beacon of hope and resilience. My heartfelt gratitude goes to the former president Dr. Nguyen Truc Le, now the Chairman, whose encouragement at the beginning of my academic journey inspired me to achieve excellence. His belief in my potential motivated me to become the first Korean Ph.
at Vietnam National University, Hanoi - University of Economics and Business, a milestone that fills me with immense pride. The path I embarked on in 2018, intending to delve into the labor sector and dreaming of becoming a minister of labor in Korea, was profoundly influenced by my academic experience. My education at Rutgers, The State University of New Jersey, where I completed both my Bachelor's and Master's degrees in "Labor Studies and Employment Relations," set the initial direction for my career. Ha Van Hoi's insight into the importance of Green Growth Policy reshaped my research and career trajectory.
This shift in focus led to my thesis, "Studying South Korea's Green Growth Policy and Some Policy Implications for Vietnam." While my aspirations in the labor sector remain, I am now equally committed to contributing to environmental sustainability and green growth in both Vietnam and Korea. I am eternally grateful to my parents, Mr. Ko, Kun-Sig, and Ms. Kang, Sooknie, whose resilience and faith have been a guiding light in my life.
Despite their significant health challenges, their support and encouragement have been unwavering, providing me with the strength to persevere. My supervisors, Assoc. Ha Van Hoi and Assoc. Vu Thanh Huong, have been pillars of support, guiding me through my academic journey with patience and wisdom.
Ha Van Hoi has always emphasized the importance of writing with high quality and detail, tirelessly working with me to i refine my approach and enhance my scholarly work. Vu Thanh Huong, in particular, has been available to provide feedback and guidance around the clock. Her dedication to my development, offering comments and insights at any hour, has been both an honor and a source of unforgettable memories. Their combined efforts have significantly shaped my thesis and academic growth.
Le Trung Thanh, Dr. Nguyen Anh Thu, Dr. Nguyen Duc Lam, and Ms. Ho Huong Giang, your contributions have been invaluable, making Vietnam a second home for me and my wife.
Nguyen Duc Lam and Ms. Ho Huong Giang, in particular, have shown extraordinary kindness to my wife and family, for which I am deeply grateful. Nguyen An Thinh, your insights into Vietnam's green growth policies have significantly enriched my research. The community at ULIS - VNU, especially Dr.
Do Tuan Minh, Dr. Nguyen Lan Trung, and Do Minh Hoang, has played a crucial role in my adaptation and growth in Vietnam. Your mentorship, support, and the warm welcome extended to both me and my wife have been instrumental in our journey here. The guidance and friendship of Dr.
Tran Thi Huong and Dr. Luu Manh Kien, with whom I've had the pleasure of collaborating on projects with Korean companies, have been exceptionally rewarding. Our work together, despite the challenges, has been a testament to teamwork and perseverance. Bui Dinh Thang, as my first friend in Hanoi, your motivation and support have been foundational in my journey.
To my staff, Nguyen Thi Tuong Vy and Le Thi Quynh Anh, witnessing your growth from my first students in Vietnam to invaluable collaborators has been a profound joy. Your assistance and dedication have been crucial to our shared successes. This journey has been made possible by the collective support, inspiration, and guidance from each of you. I am profoundly grateful for the roles you have all played in my life and this academic endeavor.
Thank you for your time Donghyun Ko ii DECLARATION I, Donghyun Ko, hereby declare that the thesis titled "Studying South Korea's Green Growth Policy and Some Policy Implications for Vietnam," submitted to the Vietnam National University, Hanoi - University of Economics and Business, is my original work. This thesis has been developed under the guidance of Assoc. Ha Van Hoi and Assoc. Vu Thanh Huong.
It has not been submitted for any degree or examination at any other university or institution. This work faithfully cites all sources from which data and ideas have been derived. By this declaration, I confirm my commitment to uphold the principles of academic integrity and assert that this work adheres to the standards expected by the academic community. iii TABLE OF CONTENTS ACKNOWLEDGEMENT.
iii TABLE OF CONTENTS.viii LIST OF TABLES. ix LIST OF FIGURES. Objectives of the thesis. The scope of study.
Scientific and practical contribution of the thesis topic. Outline of the thesis. Literature review on green growth policy in the world. Literature review on green growth policy in developed countries.
Literature review on green growth policy in the developing countries. Literature review on green growth policy in South Korea. Literature review on green growth policy in Vietnam. Assessment of the previous literature and research gap.
Assessment of the previous literature. Assessment of the research gap .33 CONCLUSION OF CHAPTER 1. THEORETICAL BASIS OF GREEN GROWTH POLICY. Concept related to green growth.
Concept of sustainable development. Concept of green growth. Relationship between Green growth and Sustainable development. Concept, objectives and roles of green growth policy.
Concept of green growth policy. Objectives and roles of green growth policy. Policy instruments for green growth. Traditional regulatory approaches: policy and regulations.
Market-based instruments: economics and finance policy. Awareness raising: voluntary approaches policy. Factors influencing green growth policy. Consensus among Government, Businesses, and Citizens.
Resources for implementing green growth policy. International cooperation in advancing green growth.69 CONCLUSIONS OF CHAPTER 2. Analytical framework for green growth policy. DPSIR methodology: Understanding the perception of stakeholders in green growth policy.
An overview of DPSIR. Objectives and content of the survey. Survey data analysis .89 SUMMARY OF CHAPTER 3. SOUTH KOREA’S GREEN GROWTH POLICY.
Context of South Korea's green growth policy formation. South Korea’s economy before green growth policy formation. Formation process of South Korea’s green growth policy. South Korea’s goals and policy of Green growth.
Goals of South Korea in Green growth policy. South Korea’s framework acts and decrees on Green growth. South Korea Five – Year Green Growth Plans. South Korea’s Green Growth Strategy.
Policy instruments for green growth in South Korea. Traditional regulatory approaches: policy and regulations. Market-based instruments: economic and finance policy. Awareness raising: voluntary approaches policy.
Factors influencing Green growth policy in South Korea. Consensus among Government, Businesses, and Citizens. Resources for implementing green growth policy. International cooperation for promoting green growth.
Assessment of South Korea's Green growth policy implementation. LESSONS LEARNED FROM GREEN GROWTH POLICY IN SOUTH KOREA AND IMPLICATIONS FOR VIETNAM. Overview of green growth policy in Vietnam. The context of green growth policy in Vietnam.
The viewpoints, objectives and action plans of Vietnam’s green growth policy. Policy instruments for green growth in Vietnam. Factors influencing green growth policy in Vietnam. Assessment of Vietnam’s green growth policy implementations.
Lessons learned from Green growth policy in South Korea. Lessons should be revised to suit Vietnam's economic conditions. Policy implications for Vietnam. For the Government.
For the Citizens .4 Enhanced cooperation between Vietnam and South Korea on green growth. 253 APPENDIX vii ABBREVIATION ADB Asia Development Bank DPSIR Drivers, Pressures, States, Impacts, and Responses ENC Institute for Environment and Civilization ETS National Emissions Trading Scheme EU The European Union FDI Foreign Direct Investment GDP Gross Domestic Product GGGI Global Green Growth Institute GHG Greenhouse gas GIR The Greenhouse Gas Inventory and Research Center of Korea HDI Human Development Index IEA International Energy Agency KEI Korea Environment Institute MOE Ministry of Environment MONRE Ministry of Natural Resources and Environment NDC Nationally Determined Contribution ODA Official Development Assistance OECD Organization for Economic Co-operation and Development PCGG Presidential Committee on Green Growth PES Payment for Ecosystem Services PPP Public-private-partnership Reducing Emissions through Avoiding Deforestation and Forest REDD+ Degradation SD Sustainable Development SDGs Sustainable Development Goals TMS Target Management System UN United Nations UNDP United Nations Development Programme UNEP United Nations Environment Programme WCED World Commission on Environment and Development viii LIST OF TABLES Table 2. Definitions of green growth. Main contents of the Framework Acts and Decrees on Low Carbon, Green Growth in South Korea.
Policy strategies and guidelines in South Korea's Third Five-Year Plan. Economic variables included in South Korea's GHG emissions forecast. Scenarios for reducing greenhouse gas emissions. Greenhouse gas emissions forecast by sector.
Greenhouse gas emissions reduction goals by sector. Target of renewable energy deployment in South Korea in the period 2008-2030. Energy targets in the 3rd basic plan in South Korea. Groups of green technology in South Korea.
27 core technologies, 17 new growth engines and 15 green energy technologies in South Korea. New growth industries in South Korea. Strategies and objectives for the realization of waste-free society .13 BM allocation target industry and proportion .14 Carbon neutrality and green growth financial investment plan .15 Economic analysis results reflecting the 2030 greenhouse gas reduction path. Green Store Certification Standard in South Korea.
Standards for Carbon Scoring Systems in South Korea. Compare the viewpoints of green growth strategy in Vietnam for the period 2011-2020 and 2021-2030. Objectives of the main green growth strategy and action plan in Vietnam. Compare the objectives of green growth strategy in Vietnam for the period 2011-2020 and 2021-2030.
Tasks and solutions of Vietnam's green growth strategy. Green growth policy toolkit in Vietnam. Comparing the similarities and differences between the fundamental elements of the national strategy on green growth in Vietnam between the two stages. Results of the descriptive statistics of the survey in Vietnam .206 x LIST OF FIGURES Figure 2.
The relationship between sustainable development and green growth. The analytical framework for green growth policy in South Korea and Vietnam. Sample description for Vietnam. The problem tree of the South Korean development context.
The milestone of green growth policy in South Korea in the 21st century. The organizational apparatus performs and functions accordingly. Carbon Neutral Basic Plan. National vision, strategy and basic plan main tasks.
Carbon neutrality and green growth policy direction. Vision, goals, guidelines and national development strategy for green technology in South Korea. The process of selecting 27 core technologies. Knowledge-based industrial development strategy and innovation Restructuring for the low-carbon industry.
The design of carbon labeling. The milestones of green growth policy in Vietnam. A structural model links DPSIR components for stakeholder’s perception about green growth policy in Vietnam. Rationale Although not yet clearly and fully defined and understood, green growth is becoming a global trend that can be applied to all economies to address current crises and prevent future ones.
Transitioning to a green economic growth model is considered a strategy for countries to move towards sustainable development, where economic growth, social development, and environmental protection are balanced and harmonious with each other.