1. What is Green Growth?
Green growth refers to a growth approach based on changing the growth model and restructuring the economy. Its aim is to leverage comparative advantages, enhance economic efficiency and competitiveness, and is achieved through research and application of advanced technologies and the development of modern infrastructure systems. The goal is to use natural resources efficiently, reduce greenhouse gas emissions, and address climate change. This contributes to poverty alleviation and promotes sustainable economic growth.
2. Green Growth as a Solution in the Context of Global Minimum Corporate Taxation
Due to the global scope of the Global Coporate Minimum Tax, the Ho Chi Minh City market is facing the risk of reduced foreign investment attractiveness. Specifically, tax incentives in Vietnam have been one of the key “tools” for attracting foreign direct investment (FDI). However, with the impact of GMCT, these tax incentives will no longer be effective.
Nevertheless, Ho Chi Minh City has long recognized that tax incentives are not the only competitive advantage in attracting FDI. It needs to significantly improve the investment and business environment to address future challenges. This is because the top concern of investors is a favorable business environment, political stability, and government support commitment.
Therefore, green growth will play a crucial role in enhancing the investment and business environment. It is the most important measure for attracting and expanding FDI in the context of GMCT enforcement.
About our company
HMLF is a Law Firm licensed to provide legal services to Enterprises. With over 70 years of experience in:
– Finance, Accounting, Tax.
– Industry: Manufacturing, Service, Aviation, Transport, Technology, Finance.
– Helping Customers control transactions from internal legal to international trade. Become the best legal defender for Businesses.
– Try to offer optimal solutions to bring customers satisfaction.
HMLF is always available to offer assistance in understanding the procedures with authorities.
Harley Miller Law Firm “HMLF”
Head office: 14th floor, HM Town building, 412 Nguyen Thi Minh Khai, Ward 05, District 3, Ho Chi Minh City.
Phone number: +84 937215585
Website: hmlf.vn Email: miller@hmlf.vn
