Analysis of the Factors Affecting Environmental Pollution for Sustainable Development in the Future—The Case of Vietnam

Abstract

In many studies in Vietnam, the scientists only focus on economic growth and attracting foreign direct investment. Environmental pollution has not been paid much attention in Vietnam. Therefore, this paper aims to identify the factors affecting environmental pollution in Vietnam. The author gathered the annual information based on World Bank data from 2000 to 2022. Data were processed via STATA 16.0; linear regression was used in this research. The results show that renewable consumption, economic growth and foreign direct investment inflow positively affect environmental pollution in Vietnam. Renewable consumption, foreign direct investment and economic growth have a strong effect on Vietnam’s environmental pollution. The empirical results show that if renewable consumption increases 1% then CO2 emission will increase 1.19%; if FDI inflows increase 1% then CO2 emission will increase 1.39%; and if GDP increase 1% then CO2 emission increase 1.26%. This research also gives some solutions with which Vietnam could develop a green and sustainable economy in the future.