Climate change compels Vietnamese firms to restructure: Report

Along with its challenges, Vietnamese companies see climate change as an opportunity to speed up restructuring, reorganise production, and create new products and technologies, according to a report from the Vietnam Chamber of Commerce and Industry (VCCI) and the Asian Foundation released on September 16.

The “Adapting to Succeed: Assessing the Impact of Climate Change on Vietnamese Businesses” report revealed that local companies find it necessary to respond to natural disasters and climate change and a large number have adjusted their business plans, upgraded production technologies, and taken out insurance to protect themselves against natural disasters.

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