Lack of resources, incentives hindering eco-innovation


CIEM says policies are still lacking as a consistent, synchronised and coordinated effort. — VNA/VNS

HANOI: Limited resources and a lack of support policies have hindered businesses’ eco-innovation, the development of products and processes that contribute to sustainable development, according to economists and policymakers.

Nguyen Thi Luyen, head of the Economic Institution Research Department at the Central Institute for Economic Management (CIEM), said eco-innovation and more efficient utilisation of resources in production have gained traction in recent years with many local governments launching programmes and initiatives for green development models.

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