# Vietnam green economic and sustainable development > Live situation record from CLSTR: https://clstr.news/situations/vietnam-green-economic-and-sustainable-development > Updated: 2026-09-15T01:42:59.000Z. Sources: 6. Developments: 2. Vietnam is advancing green economic development and sustainable industrial growth through localized initiatives and international cooperation. At the provincial level, Phu Tho is prioritizing green industrial zones, focusing on high-tech, environmentally friendly projects and renewable energy. Notable developments include the Nam Binh Xuyen Green Park, which utilizes circular economy principles, and significant foreign direct investment from enterprises like BYD Vietnam. Nationally, the focus has expanded to include proactive climate change adaptation, particularly in Quang Ninh, where authorities are working to mitigate risks from extreme weather and rising sea levels. To support this transition, Vietnam is seeking high-quality international capital. This includes strengthening bilateral ties with partners like Austria and pursuing the development of international financial centers in Ho Chi Minh City and Da Nang, with an emphasis on fintech and green finance. ## Timeline ### 2026-09-15: Vietnam pursues green development and international investment cooperation Vietnam is prioritizing green economic development and climate adaptation in regions like Quang Ninh while seeking to expand bilateral investment and financial cooperation with Austria. 3 sources. https://clstr.news/cluster/vietnam-pursues-green-development-and-international-investment-cooperation ### 2026-08-25: Vietnam promotes green industrial zones and SME development Vietnam is advancing sustainable economic models through green industrial zones in Phu Tho and capacity-building initiatives for SMEs via VINASME. 3 sources. https://clstr.news/cluster/vietnam-promotes-green-industrial-zones-and-sme-development --- Cite as: Vietnam green economic and sustainable development. CLSTR, https://clstr.news/situations/vietnam-green-economic-and-sustainable-development