Lesson 2:

ECONOMIC ASPECTs OF
SUSTAINABLE
DEVELOPMENT
SDGs

Modules
SUSTAINABLE DEVELOPMENT
(Sustainable Development)
 SDGs Classification

Well-
management
aspects of SD
Economic
aspects of SD

Society aspects
of SD

Environment
aspects of SD

Wedding cake module

of SDGs Source: Rob & Rveline (2022, p.71).
SDGs Classification and 5 basic rules Human

of SDGs(5P’s)

Planet Peace

Wealth Source: Rob & Rveline (2022, p.71).

Lecture 2. ECONOMIC ASPECTS OF SUSTAINABLE DEVELOPMENT

i. Understand the theory about economic aspects of SD and the future

economics modules
ii. Explain SDGs in economic aspects, apply the society triangle for SDGs about
the economic aspect in SD (SDGs 8-10, 12)
iii. Analyze the relationship between each SDG about economic aspects with the
other SDGs
iv. Choice of sustainable actions by actors in economic aspects
v. Business case/Real problem analysis of organizations relating to SDGs in
economic aspects
vi. Apply the SDGs in economic aspects to Vietnam’s problem
 Total population
(Billion people)
2022
Nigeria
Brazil 218.541.212
215.313.498

Indonesia
277.501.339
China
1.41 billion

India
1.42 billion
 2007

World population in urban and rural

(Billion people)
Vietnamese population in 2021
(97.1 million people)
Relationship between dwellers and GDP per capita
(2021)
GDP = Gross Domestic Product

GDP per capita

=
GDP/Gross
Population
Economic theories about SD

▪ Gross Domestic Product (GDP)

▪ Nominal and Real GDP

▪ GDP in Purchasing Power Parity (PPP)

▪ GDP deflator and inflation rate

▪ GDP per capita

Gross Domestic Product (GDP)

• GDP measures both the total income and expenditure for the quantity
of products and services of the economic.

QUANTITY= INCOME= EXPENDITURE

• Gross Domestic Products (GDP) is the market value of all the finished
goods and services produced by one country in a period of time.
Mankiw, N. G. (2016). Macroeconomics. Hong Duc Published
 CALCULATING GDP
o Method 1: Expenditure method
GDP includes Consumption (C), Investment (I), Government
Expenditure (G), and Net Exports (NX).

GDP = C + I + G + NX

GDP equals the expenditure of all finished consumers (consumers and

domestic firms, Government or foreigners).
 CALCULATING GDP
o Method 2: Income method
GDP equals the expenditure created by the factors that join into the
production process, such as labor, capital, land, or machines.

Labor income Production

from tax Depreciation Production/
GDP = production + + in production +
(production Income
subsidies not surplus
included)
Salary, income,
profit, rent
expense, tax,…

GDP
 CALCULATING GDP
o Method 3: Production method (value-added)

Value added based

GDP =
+
Product tax - Product subsidy
on the fundamental
price of all sectors
Nominal and real GDP

When GDP increases, at least one of the two things below is right:

▪ Product and service quantity (Q) of the economic increase.

▪ That of the price (P) increase.

Nominal GDP reflects the rise in both Q and P, while Real GDP just
reflects the rise in Q (the economy's production ability).
 Price and Quantity
Apple Bread
Year
Base Year P Q P Q
2020 $1 100 $2 50
2021 $2 200 $4 70
2022 $4 250 $5 100

Nominal GDP and real GDP

Year Nominal GDP (𝐏𝒏𝒐𝒎𝒊𝒏𝒂𝒍 𝐱 𝐐) Real GDP (𝐏𝐫𝐞𝐚𝐥 𝐱 𝐐)

2020 $1 x 100 + $2 x 50 = $200 $1 x 100 + $2 x 50 = $200

2021 $2 x 200 + $4 x 70 = $680 $1 x 200 + $2 x 70 = $340

2022 $4 x 250 + $5 x 100 = $1500 $1 x 250 + $2 x 100 = $450

 Nominal GDP and real GDP

Nominal GDP uses current prices to calculate the output of goods and
services of the economy, while real GDP uses the original price in the
base year.

→ real GDP more accurately reflects economic welfare, it is widely used

to calculate economic growth by calculating the % change of real GDP
over the years.
GDP deflation index

GDP deflation index = (nominal GDP)/(real GDP) * 100

GDP deflation index:

Measure the current price compared to the price in the base year;

It only reflects changes in prices, not in output.

GDP deflation index = Common price level (P)

 GDP deflation index
Nominal GDP Real GDP

2020 $200 $200

2021 $680 $340
2022 $1500 $450

GDP deflation index (2020) = 100

GDP deflation index (2021) = $680/$340 * 100 = 200

GDP deflation index (2022) = $1500/$450 * 100 = 333.3

GDP deflation index = (nominal GDP)/(real GDP) * 100

Inflation rate
Inflation rate in year t =
(Deflation index in year t − Deflation index in year t −1)
* 100
(Deflation index in year t −1)
The inflation rate in year t reflects how much the general price in year t has
increased compared (%) to year t-1.

The deflationary index in the formula can be replaced by the general price
(P).
 Inflation rate
GDP deflation index

2020 100
2021 200
2022 333,3

Deflation index of year t − Deflation index of year t −1

* 100
The deflation index of the year t −1

200 −100
Inflation rate(2021) = * 100 = 100%
100

333,3 −200
Inflation rate(2022) = * 100 = 66,7%
200
The main disadvantages of GDP

Although GDP reflects a country's output, it does not reflect the standard of
living of each individual.

"Growth itself is not a matter – what matters is how income is distributed and
how much investment in public services is made."

- Jason Hickel

(Less is more, how degrowth will save the world)

GDP per capita

GDP
GDP per capita=
Total population

While not a comprehensive measure, it does not adequately reflect other

benefits such as education or health, GDP per capita is a reasonable
indicator of the average standard of living of people in a country.

In summary, economic growth is classified according to GDP, which has

been adjusted for population, currency, and price level.
 GDP per capita
Real GDP per Average life Mortality rate Use the
person($) expectancy among children internet
(years) under 5 years of (% of
age (per 1000 population)
children)
USA 62.789,1 76 6 92
GDP per capita is
Canada 45.237,8 83 5 93 closely correlated
Mexico 10.077,4 70 13 76 with people’s
living standard
Nga 10.030,0 69 5 88
Vietnam
Việt Nam 3.655,5 74 21 74
India
Ấn Độ 2.089,7 67 31 46
Liberia 646,5 61 76 34
Congo 501,2 59 79 23
Source: World Bank (2021)
GDP in purchasing power parity (PPP)

▪ PPP (Purchasing Power Parity) is a currency conversion rate that

balances the purchasing power of different currencies by eliminating
price differences between countries (OECD, 2007).

▪ PPP serves as a key tool in comparing the exchange rate of the local
currency for the same good/service in different countries.

▪ This price difference is needed to differentiate living standards between

countries.
 GDP in purchasing power parity (PPP)
Example:
Vietnam: GDP per capita (2023) = 4,320 USD
Japan: GDP per capita (2023) = 33,950 USD
→ Japan's GDP = eight times Vietnam's GDP
However, after adjusting according to PPP:
Vietnam: GDP-PPP (2023) = 14,290 USD
Japan: GDP-PPP (2023) = 52,120 USD
→ Japan's standard of living is only three times higher than Vietnam's due to
lower prices of goods and services in Vietnam.
 Growth – even measured by an
imperfect metric such as GDP or GDP
per capita – is now recognized as an
essential driver of poverty reduction,
improving the lives of many people
When income increases, the rate of poor households decreases.

less per day

% of the population living on $1 or

Fay, M. (2012). Inclusive green growth: The pathway to sustainable development. World Bank Publications.

GDP per capita ($) Source: Fay (2012)

As incomes increase, women's literacy rates increase.

% of women from the age of 15 are literate

GDP per capita ($)

Source: Fay (2012)
However, growth – especially in the
current way – has been causing
many social and environmental
problems
Sustainable development will
be flawed and wrong if it only
focuses on economic growth
and ignores the social and
environmental aspects
 Income increases, CO2 emissions tend to increase.

CO2 emissions
Nồng độ PM10 cấp quốc gia (microgam trên mét khối)
(tonnes per capita)

GDP per capita ($)

Source: World Bank (2011)
GINI coefficient
on income
inequality
GINI coefficient Absolute
equality line Percentage
Cumulative
• The GINI coefficient (G) is income
calculated based on the
Lorenz curve.
A
G= )
A+B
0≤G ≤1

• The closer G to 1, the greater

the income inequality in the
population.
Percentage cumulative population
Future growth models

“Grow now, Clean up later”

(Accepting the trade-off of environmental degradation for economic development, it will
return to recession recovery when growth reaches a certain level.)

• The current growth model is not only unsustainable but also wasteful.

• For development to be sustainable, it is necessary to shift to an

inclusive/inclusive green growth model.
 Past and present economic growth The economic growth model needs to
patterns (of many countries) be aimed at as quickly as possible

Social Closure Social imbalance Open Society Balanced society

Economically and profit-oriented

Social exclusion Competitive society Social no exclusion Cooperative society

Benefiting minorities

Selfish, only caring about

Specialization, simple things that benefit themselves Linking, adapting to For the common good
problem-solving complex problems

DEFENSE, COPING MODEL, POSITIVE MODEL, LOOKING FOR

BENEFITS AND HARMS OPPORTUNITIES
(Origin of dilemmas) (Solving dilemmas)
Inclusive Growth (IG) – Economy + Society

• Economic growth is combined

with equitable social
opportunities, welfare, and
achievement-sharing.
Green Growth (GG) – Economy + Environment

• Economic growth is combined

with ecological environment
and resource conservation.

• Green growth is Efficient, Clean

and Resilient growth (World
Bank).
Inclusive green growth (IGG) – Economy + Society + Environment

GRID Model-
Green, Resilient,
and Inclusive
Development
(Green, Adaptive
and Inclusive
Development)
(World Bank)

• Sustainable development combines:

✓ Economic development

✓ An equal society, improving people's welfare, sharing achievements,...

✓ Protecting the ecological environment and conserving resources,...

 Economic growth
Economic growth is combined with ecological
combined with equitable environment and resource
social opportunities, conservation.
welfare, and
achievement-sharing. WB: Green growth is
Efficient, Clean and
Resilient growth.

Sustainable
development combines
the economy, society
and environment.
 Non – predictable

Non- predictable

The Near Future

COP 26 (2045-2050)
(United Nations Framework
Convention on Climate Change)

Past and present

Source: Rob & Eveline (2022, p. 693)

 Near Future: NET-ZERO

Net zero-carbon energy will be affordable, reliable for more people, and
widely used.

Collaboration between all parties is needed: Businesses work with

governments, civil society organizations, consumers, and other
stakeholders to ensure that net-zero carbon energy services are
accessible to all.

Source: WBCSD (2021). Vision 2050: Time to Transform.

(WBCSD: World Business Council for Sustainable Development)

Discuss issues of economic growth

o Students watch videos about SDGs 8, 9, 10, and 12

(https://www.rsm.nl/positive-change/sdgs/)
o Discuss:
o 04 groups of representatives presenting (20 minutes)
o Current problems in the world and Vietnam.
Lecture 2. ECONOMIC ASPECTS OF SUSTAINABLE DEVELOPMENT

i. Understand the theory about economic aspects of SD and the future

economics modules
ii. Explain about SDGs in an economic aspects, apply the society triangle for
SDGs about economic aspect in SD (SDGs 8-10, 12)
iii. Analyze the relationship between each SDG about economic aspects with the
other SDGs
iv. Choice of sustainable actions by actors in economic aspects
v. Business case/Real problem analysis of organizations relating to SDGs in
economic aspects
vi. Applied the SDGs in economic aspects in to Vietnam’s problem
SDG 8. Promote sustainable, inclusive, and sustainable economic
growth, full employment, and good productivity and employment
for all.

▪ In 2010, there were over 200 million unemployed people

▪ 2.2 billion people living on less than $2 a day need high-paying jobs.
▪ Creating kind, effective work for all is not just about promoting peace,
harmony, and globalization. It is about upholding the principles of
gender equality and social justice, ensuring that everyone has the
opportunity to thrive.
▪ The result is fair income, job security, family social protection,
higher social integration, and personal development.
▪ The continued lack of sustainable job opportunities, inadequate
investment, and underconsumption lead to the erosion of the primary
social contract that underpins democratic societies: all must share in
progress.

12 Targets, 14 Indicators
(Our World in Data)
SDG 8. Promote sustainable, inclusive and sustainable economic growth, full
employment, and good productivity and employment for all.

Improve progressively
Promote development- through 2030 Global
Achieve higher oriented policies that By 2030, achieve full
resource efficiency in
Sustain per capita levels of economic support productive consumption and and productive
economic growth productivity activities, decent job production will be employment and
creation, improved progressively By 2030,
by national through decent work for all
entrepreneurship, through 2030, and
circumstances, diversification, creativity, and innovation, endeavors to decouple women and men, substantially
particularly at least technological and encourage the economic growth from including for young reduce the
7% GDP per annum upgrading, and environmental
formalization and growth
degradation will be
people and persons proportion of
in the least innovation, of micro-, small- and
undertaken through the with disabilities, and youth not in
developed including focusing medium-sized 10-year framework of
enterprises, including equal pay for work of employment, edu
countries. on high-value- sustainable consumption
equal value. cation, or training
through access to and production programs,
added and labor- financial services. with developed countries
intensive sectors. taking the lead.
SDG 8. Promote sustainable, inclusive, and sustainable economic growth, full
employment, and good productivity and employment for all.

Take immediate and Protect labor rights By 2030, devise Strengthen the
effective measures to and promote safe and implement capacity of
eradicate forced labor, and secure working policies to promote domestic financial
end modern slavery environments for all
and human trafficking, sustainable tourism institutions to
workers, including
and secure the that creates jobs encourage and
migrant workers, in
prohibition and particular women and promotes local expand access to
elimination of the worst culture and banking, insurance,
migrants and those in
forms of child labor, products. and financial
precarious
including recruitment
employment. services for all.
and use of child
soldiers, and by 2025,
end child labor in all its
forms.
https://ourworldindata.org/sdgs/economic-growth

8.3 8.4 8.6 8.10

SDG 9. Build resilient infrastructure, promote sustainable
industrialization and promote innovation.

▪ Economic growth, social development, and climate

action require infrastructure, sustainable industrial
development, and technological advancement.
▪ More than 1 billion people lack access to reliable phone
services, and only 30% of food is industrially processed.
▪ Sustainable industry improves living standards and
benefits the environment: each job in the manufacturing
sector creates 2.2 jobs in other sectors.

8 Targets, 12 Indicators
(Our World in Data)
SDG 9. Build resilient infrastructure, promote sustainable industrialization, and
promote innovation.

Develop quality, reliable, Promote inclusive and Increase the access of By 2030, upgrade
sustainable, and resilient sustainable small-scale industrial and infrastructure and retrofit
infrastructure, including industrialization and, by other enterprises, industries to make them
regional and transborder 2030, significantly raise particularly in developing sustainable, with
infrastructure, to support the industry’s share of countries, to financial increased resource-use
economic development employment and gross services, including efficiency and greater
and human well-being, domestic product in line affordable credit, and adoption of clean and
focusing on affordable with national their integration into environmentally sound
and equitable access. circumstances and value chains and markets. technologies and industrial
double its share in least processes, with all
developed countries. countries taking action
under their respective
capabilities.
SDG 9. Build resilient infrastructure, promote sustainable industrialization, and
promote innovation.

Enhance scientific Facilitate sustainable and Support domestic Increase access to

research and upgrade the resilient infrastructure technology development, information and
technological capabilities development in research, and innovation communications
of industrial sectors in all developing countries in developing countries, technology significantly
countries, particularly through enhanced including ensuring a and strive to provide
developing countries. By financial, technological, conducive policy universal and affordable
2030, innovation should and technical support to environment for industrial access to the Internet in
be encouraged, and the African countries, least diversification and value least developed countries
number of research and developed countries, addition to commodities. by 2030.
development workers per landlocked developing
1 million people should be countries, and small island
substantially increased, as developing States.
well as public and private
research and
development spending.
9.1 9.3 9.4 9.5
SDG 10. Reducing inequality within and between countries.

▪ Uneven distribution of income negatively affects economic

growth.
▪ Inequalities in income, gender, age, disability, sexual orientation,
race, class, ethnicity, religion, and opportunity still exist.
▪ In many developing countries, income inequality is higher today
than in 1990.
▪ There is a growing consensus that economic growth is not enough
to reduce poverty if it is not inclusive and does not involve the
three dimensions of sustainable development—economic, social,
and environmental.
▪ Results: negative impact on poverty, socio-economic development,
self-improvement, and self-worth, causing crime, disease, and
environmental degradation.

10 Targets, 14 Indicators
(Our World in Data)
SDG 10. Reducing inequality within and between countries
SDG 10. Reducing inequality within and between countries
SDG 10. Reduce inequality within and between countries

By 2030, progressively By 2030, empower Ensure equal Adopt fiscal, wage, Improve the regulation
achieve and sustain and promote all opportunity and and social protection and monitoring of
income growth of the social, economic, reduce inequalities in policies and global financial
bottom 40 percent of and political outcomes, including progressively achieve markets and
the population at a rate inclusion, eliminating greater equality. institutions and
higher than the national regardless of age, discriminatory laws, strengthen the
average. sex, disability, race, policies, and practices implementation of
ethnicity, origin, and promoting such rules.
religion, or financial appropriate legislation,
or other status. policies, and action.
SDG 10. Reduce inequality within and between countries

Ensure enhanced Facilitate orderly, Implement the Encourage official

development
By 2030, the
representation and safe, regular, and special and transaction costs
assistance and
voice for developing responsible differential of migrant
financial flows,
countries in global migration and treatment principle including foreign direct remittances will be
international mobility of people, for developing investment, to States reduced to less
economic and including countries, where the need is than 3 percent
financial institutions greatest, mainly least
implementing particularly least and remittance
decision-making to developed countries,
deliver more effective,
planned and well- developed African countries, small corridors with
credible, accountable, managed countries, through island developing costs higher than
and legitimate migration policies. World Trade States, and landlocked 5 percent will be
institutions. Organization developing countries, eliminated.
agreements. under their national
plans and programs.
10.1 10-A 10-B 10-C
SDG 12. Ensuring sustainable production and consumption models.

▪ With 9.7 billion people by 20250, maintaining the current

lifestyle will require three earths.
▪ 1/3 of the total food produced is wasted, the water is
polluted faster than nature's purification capacity.
▪ Waste dumped instead of recycled will pollute the soil and
groundwater can ignite itself.
▪ Failure to reduce our ecological footprint will cause
irreparable environmental damage.

11 Targets, 13 Indicators
(Our World in Data)
SDG 12. Ensuring sustainable production and consumption models.

Implement the 10- By 2030, By 2020, achieve the Encourage

By 2030, halve By 2030,
Year Framework of achieve the environmentally companies,
Programmes on
per capita global substantially
sustainable sound management huge and
Sustainable food waste at the of chemicals and all
reduce waste
transnational
Consumption and management retail and wastes throughout generation
Production and efficient companies, to
consumer levels their life cycle, in through
Patterns, all adopt
countries taking
use of natural and reduce food accordance with prevention,
resources agreed international sustainable
action, with losses along reduction,
developed frameworks, and practices and
production and recycling, and
countries taking significantly reduce integrate
supply chains, their release to air,
reuse
the lead, taking sustainability
into account the including post- water, and soil to information into
development and harvest losses. minimize their
capabilities of
their reporting
adverse impacts on
developing human health and cycle
countries. the environment.
SDG 12. Ensuring sustainable production and consumption models.

Rationalize inefficient fossil-fuel

Support subsidies that encourage
By 2030, ensure
Promote public that people
developing Develop and wasteful consumption by
removing market distortions,
procurement everywhere have
countries in implement tools to
following national
practices that the relevant
strengthening monitor sustainable circumstances, including by
are sustainable information and
their scientific development restructuring taxation and
under national awareness for
and technological impacts for phasing out those harmful
subsidies where they exist to
policies and sustainable
capacity to move sustainable tourism reflect their environmental
priorities development and
towards more that create jobs and impacts, taking fully into
sustainable promote local account the specific needs and
lifestyles in conditions of developing
consumption and culture and
harmony with countries and minimizing the
production products. possible adverse effects on
nature.
patterns. their development in a manner
that protects the poor and the
affected communities.
12.4 12.6 12-B 12-C
Lecture 2. ECONOMIC ASPECTS OF SUSTAINABLE DEVELOPMENT

i. Understand the theory about economic aspects of SD and the future

economics modules
ii. Explain SDGs in economic aspects, apply the society triangle for SDGs about
the economic aspect of SD (SDGs 8-10, 12)
iii. Analyze the relationship between each SDG about economic aspects with
the other SDGs
iv. Choice of sustainable actions by actors in economic aspects
v. Business case/Real problem analysis of organizations relating to SDGs in
economic aspects
vi. Applied the SDGs in economic aspects to Vietnam’s problem
 DISCUSS
What is the relationship of SDG
8 to the other SDGs?
Optimize the positive effects

Minimize the negative effects

Relationship with other SDGs
(SDGs ToolKit)
 DISCUSS
What is the relationship of
SDG9 to the other SDGs?
Maximize the positive effects

https://www.rsm.nl/positive-change/sdgs
Minimize the negative effects
Relationship with other SDGs
(SDGs ToolKit)
 DISCUSS
What is the relationship of
SDG10 to the SDGs?
Maximize the positive effects

Minimize the negative effects

Relationship with other SDGs
(SDGs ToolKit)
 DISCUSS
What is the relationship of
SDG12 to the SDGs?
Maximize the positive effects

Minimize the negative effects

Relationship with other SDGs
(SDGs ToolKit)
Lecture 2. ECONOMIC ASPECTS OF SUSTAINABLE DEVELOPMENT

i. Understand the theory about economic aspects of SD and the future

economics modules
ii. Explain about SDGs in an economic aspects, apply the society triangle for
SDGs about economic aspect in SD(SDGs 8-10, 12)
iii. Analyze the relationship between each SDG about economic aspects with the
other SDGs
iv. Choice of sustainable actions by actors in economic aspects
v. Business case/Real problem analysis of organizations relating to SDGs in
economic aspects
vi. Applied the SDGs in economic aspects in to Vietnam’s problem
 Enterprise
Enterprise greening
Green Processes Green Outputs
greening
(Green Enterprise)

Green
Providing Providing
methods,
Green Input Green Workplace Green green
processes, and
practices Products services

Energy Renewable Green workplace (e.g., office

Efficiency Energy hours, remote work)

Resource Giao thông bền vững

Sustainable
Usage
Ingredients
Intensity Sustainable consumption
Waste (e.g., energy use, waste
Management management, food in the
workplace)
Environmental rights in the
Marketing/
workplace (e.g. right to request
Green Label
information, right to refuse to
work, protection of
Sustainable whistleblowers)
Business Great course on sustainable
Model business models:
Corporate https://www.coursera.org/lear
Social n/business-models-for-
Responsibility sustainability/home/info
(CSR)
 Short-term Long-term
Transforming business models/strategiesh debt Coordinate responsibility

Interior
(Rob & Eveline, 2022: 473)

Proactive
(strategic-
Inactivity (cost ethical)
minimization)

Coordinat
Proactive
(social)

Reactivated
(reputation)
Route
Exterior
Adoption of sustainability management
tools (Rob & Eveline, 2022: 650)
▪ Labor rights and practices in the supply chain
▪ Elimination of forced labor and child labor
▪ Collective bargaining for wages and benefits along the supply chain
▪ Pay and equal opportunities for men and women at all levels

▪ Fair pay to small-scale suppliers

▪ Sustainable Food Production
▪ Socially Responsible Sourcing
▪ Sustainable technology transfer to developing countries
▪ Water Efficiency
▪ Energy Efficiency
▪ Reduce air, soil and water pollution
▪ Sustainable waste management
▪ Reducing greenhouse gas emissions
▪ Emergency and Disaster Planning
▪ Environmentally Sustainable Sourcing
▪ Sustainable Food Production 0
▪ Sustainable technology transfer
▪ Pollution reduction
▪ Energy Efficiency
▪ Labor rights and practices in the supply chain (labeling)
▪ Reducing greenhouse gas emissions
▪ Privacy Protection

▪ Goods and services for low-income people

▪ Access to financial services for everyone, including the most vulnerable
▪ Sustainable and healthy food production
▪ Socially and ecologically responsible sourcing
▪ Partnerships with the public sector and civil society
▪ Elimination of forced labor and child labor
▪ Labor rights and practices in the supply chain
▪ Occupational safety and health
▪ Equal pay and opportunity for men and women at all levels
▪ Non-discrimination
▪ No violence and harassment in the workplace
▪ Responsive and comprehensive decision-making at every level
▪ Privacy Protection

▪ Employee training and education

▪ Child care and welfare services
▪ Promoting women's empowerment through technology
▪ Jobs for all; especially young people and people with disabilities.
▪ Responsible and transparent governance
▪ No Corruption and Bribery
▪ Impact Monitoring Tools
▪ External Sustainability Reporting
▪ Investing in Developing Countries
▪ Through financial and social policies that promote equality.
▪ Financing Climate Change Actions in Developing Countries
▪ Water usage Efficiency
▪ Energy usage Efficiency
▪ Reducing greenhouse gas emissions
▪ Reduce air, water and soil pollution
▪ Sustainable waste management

▪ Goods and services for low-income people

▪ Technology transfer (sustainability) to developing countries
▪ Employee training and education
▪ Sustainable technology and sustainable industrial processes
▪ Data availability and access to public information
▪ Cooperation with the public sector and civil society
▪ External Sustainability Reporting
▪ No Corruption and Bribery
▪ Responsible and transparent governance
▪ Responsive and comprehensive decision-making at every level
▪ Tools controlling sustainability impact

▪ External Sustainability Reporting

▪ Data availability and access to public information
▪ Cooperation with the public sector and civil society
Lecture 2. ECONOMIC ASPECTS OF SUSTAINABLE DEVELOPMENT

i. Understand the theory about economic aspects of SD and the future

economics modules
ii. Explain about SDGs in an economic aspects, apply the society triangle for
SDGs about economic aspect in SD(SDGs 8-10, 12)
iii. Analyze the relationship between each SDG about economic aspects with the
other SDGs
iv. Choice of sustainable actions by actors in economic aspects
v. Business case/Real problem analysis of organizations relating to SDGs in
economic aspects
vi. Applied the SDGs in economic aspects in to Vietnam’s problem
 Business case/Real problem

The groups presented SDG scenarios related to the

economic aspects of sustainable development.
 Business case/Real problem

o Use business cases related to SDGs 8, 9, 10 and 12

(https://blueprint.unglobalcompact.org/)
o How business leadership can advance SDG 16 on
Peace, Justice, and Strong Institutions
o Business actions (examples)
Lecture 2. ECONOMIC ASPECTS OF SUSTAINABLE DEVELOPMENT

i. Understand the theory about economic aspects of SD and the future

economics modules
ii. Explain about SDGs in an economic aspects, apply the society triangle for
SDGs about economic aspect in SD(SDGs 8-10, 12)
iii. Analyze the relationship between each SDG about economic aspects with the
other SDGs
iv. Choice of sustainable actions by actors in economic aspects
v. Business case/Real problem analysis of organizations relating to SDGs in
economic aspects
vi. Applied the SDGs in economic aspects into Vietnam’s problem
 Sustainable development of Vietnam

To become a high-income country by 2045, Vietnam needs to achieve a

higher growth rate.

12.695
 Wastewater
Beer residue is recycled
into animal feed
Local farm

HEINEKEN Vietnam Rice husks are HEINEKEN Vietnam

Brewery used as biomass Wastewater Treatment Plant
fuel
Biomass Plant
Factory
Produced with
renewable energy
Biogas collected
from wastewater
Treated wastewater
is used to clean and
water plants
 Sustainable development of Vietnam

Students use the recommended Students are required to choose a topic

websites to explore and understand (such as circular economy/production
indicators related to the economic and sustainable consumption),
aspect of Vietnam. summarize the main content, and relate
it to the lesson content.
 Lesson 2:
ECONOMIC ASPECTS OF
SUSTAINABLE
DEVELOPMENT

DISCUSSION &
GROUP PRESENTATIONS
 Lesson 2:
ECONOMIC ASPECTS OF
SUSTAINABLE
DEVELOPMENT

THANK YOU!