Technology and Engineering
  • ISSN: 2333-2581
  • Modern Environmental Science and Engineering

Accounting the Value of National Resources to Sustainable Development: Applied for Thanh Hoa Province

Nguyen Phuong, Nguyen Phuong Dong, and Vu Thi Lan Anh

Department of Environmental Engineering, Hanoi University of Mining and Geology, Vietnam

Abstract: In more recent times, sustainable development has become the common development goal for countries, regions. If so, to assess the level of economic development based on criteria such as GNP or GDP is not enough. The reason the criteria only represent the level of economic development, but not the level of sustainable development of the countries is that there is not calculating the cost of environmental protection, the degree of degradation and depletion of natural resources. Natural resources not being calculated correctly in most cases has led to economic growth based on the overexploitation of natural resources. The natural resource accounting is to provide environmental damage in economic analysis, and correct GDP according to the value of environmental resources. By dividing resources into components as follows: intangible assets, produced assets and natural assets and then calculating the values, the method showed a picture of the contribution of intangible assets, natural capital in the economic development. Since then, Economic policy makers advance reasonable adjustments to the goal of sustainable development, help to increase the percentage of intangible assets and reduce natural resources capital. Findings and initial resource accounting in Thanh Hoa Province showed that the economic development of the province in 2013 remain heavily dependent on natural resources.

Key words: accounting, economic, sustainable development, national resources

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