Abstract
The purpose of the study is to empirically examine the interaction between innovation, energy consumption, trade openness, urbanization, economic growth and the emission of carbon dioxide in Vietnam during 1986-2020. The article contributes to the assessment of impact of technological innovation on carbon emission in Vietnam that has not yet been examined. Firstly, the article shows the negative interrelation between technological innovation and carbon emission in Vietnam. Secondly, this research evidences the existence of the pollution haven hypothesis having shown that trade openness has led to the environmental deterioration in Vietnam. Thirdly, the author revisits the environmental Kuznets curve hypothesis and provides evidence that economic growth in Vietnam starts to enhance the environmental quality. Fourthly, energy consumption increases the environmental deterioration while urbanization seems not to be blamed. Besides increasing government investment in innovation, policy makers should consider the country’s level of trade openness and energy consumption instead of urbanization and economic growth when formulating policies to reduce environmental deterioration in Vietnam.
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