Economy and commerce
Green economy: finish line cannot be reached overnight
Developing green economy and green agriculture is a ‘growing trend’ in Vietnam which will help it reach the ‘net zero’ goal by 2050 as committed at COP 26. However, many business owners think that it is far-fetched and unnecessary for now. They have to reform ...
VN getting ready for the fourth FDI boom
FDI has been a major growth driver for the Vietnamese economy and is expected to continue the upward trend in the context of rising demand for diversifying the supply chain of multinational manufacturers, in which Việt Nam has increasing appeal with stable macro-economic conditions, and ...
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
Public-private partnership needed for sustainable rice farming
Attracting investment and public-private partnership (PPP) plays an important role in implementing the project of sustainable development of 1 million ha of low-emission high-quality rice production in the Mekong Delta to 2030, said insiders.The project will promote added value throughout the entire rice production chain, ...
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 ...
IFC commits investment of nearly $1.9bn for Vietnam
The total commitments of the International Finance Corporation (IFC), a member of the World Bank Group, in Vietnam reached nearly US$1.9 billion for the fiscal year 2023, including $520 million earmarked in long-term finance. IFC’s investment and advisory programs addressed core challenges for Vietnam, including ...
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
