Economy and commerce

Small and medium enterprises (SME)

Carbon tax poses new challenge for VN to boost exports to EU

The EU-Vietnam Free Trade Agreement (EVFTA) is an agreement inclined towards sustainable development. The EU’s CBAM (Carbon Border Adjustment Mechanism) has posed a new challenge for Vietnam’s exports to enter the EU market.CBAM will be valid for the transitional period with an aim to control ...

Luong Bang

Vietnam strives to have 1 million hectares of large wood with certifications

According to forestry experts, sustainable forest certification for one million hectares of large-sized timber forests is a passport for Vietnam’s wood processing industry to increase export value and export into potential markets.According to statistics from the Department of Forestry under the Ministry of Agriculture and ...

Translated By Dan Thuy

Measures to promote carbon trading platform in Vietnam

After the European Union (EU), the US will be the next to take its climate fight globally with the proposal of the Clean Competition Act, which, if passed, would impose border-adjusted carbon tariffs on its carbon-intensive imports.Nguyen Vo Truong An, Deputy director of the Carbon ...

EU's carbon tax regime enters transitional phase

The EU’s effort to cut carbon emissions globally is going into high gear as the bloc’s Carbon Border Adjustment Mechanism (CBAM) entered its transitional phase on October 1.As of October 1, the EU’s trading partners will have to report greenhouse gas (GHG) emissions embedded in ...

Vietnam’s aquaculture top position on world map

The growth in Vietnam’s seafood export turnover in recent years has been created from the foundation of the aquatic farming, exploitation and processing industry.Vietnam’s aquaculture industry has not only served the sizable domestic market with a population of about 100 million but also gradually conquered ...

EU's Carbon Border Adjustment Mechanism brings both challenges, opportunities

The European Union (EU)’s Carbon Border Adjustment Mechanism (CBAM) transition period will begin on October 1, 2023, and from 2026 this program is expected to become permanent.According to the mechanism, businesses have to report the amount of greenhouse gases in their imported goods, if this ...

Translated by Hong Son

Vietnam ranks high in digitalisation: research

Companies in Vietnam ranked higher than the global average in taking a strategic, consistent or radical approach to digitalising customer experience and engagement, said Singapore-based financial services group DBS.The research said that about 63% of Vietnamese companies were satisfied that digital transformation was helping them achieve overall profitability, followed ...

Ample room for rice exports

Vietnam’s rice exports rose strongly by nearly 45% in value in the first months of the year, while many enterprises did not have sufficient rice to export, given the increasing global demand for food.According to Nguyen Ngoc Nam, chairman of the Vietnam Food Association (VFA), Vietnam’s ...

Trung Chanh

The reverse side of export growth

In recent years, Vietnam’s export revenue has soared in tandem with a rising number of lawsuits filed against local companies.In the eyes of Vietnamese businesses, the signings of 15 FTAs have minimized the use of tariff barriers for free flow trade, but it has paradoxically ...

Hung Le, Ngoc Nguyen

Forum highlights sustainable forest governance, timber trade monitoring

The Centre for Sustainable Rural Development (SRD) and the Vietnam Administration of Forestry co-organised a forum on sustainable forest governance and timber trade monitoring in Hanoi on August 22. It is one of the annual activities aiming to promote the efficiency of forest governance and ...

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