Carbon mechanism prompts exporters to green up: Experts

Carbon mechanism prompts exporters to green up: Experts

The European Union (EU)’ Carbon Border Adjustment Mechanism (CBAM) is a challenge for many sectors of Vietnam but also a motivation for businesses to speed up green transition to meet sustainable production standards, heard a conference in Ho Chi Minh City on November 8.
Invest early to catch opportunities from the carbon credit market

Invest early to catch opportunities from the carbon credit market

VCN - The carbon credit market is gradually taking shape. The early implementation of emission reduction measures will bring businesses a lot of benefits, instead of having to spend more costs for the emission balance in the future.
Carbon tax helps "decarbonize" the economy, increasing revenue

Carbon tax helps "decarbonize" the economy, increasing revenue

VCN - The consultation workshop "The recommendation for a carbon tax to mitigate the impact of the EU's carbon border adjustment mechanism (CBAM) on Vietnam" was recently organized by the Southeast Asia Energy Transition Partnership Program on August 30.
The steel industry facing concerns about the carbon border adjustment mechanism (CBAM)

The steel industry facing concerns about the carbon border adjustment mechanism (CBAM)

VCN - For many years, the EU has been Vietnam's fourth-largest two-way trading partner after China, the US, and South Korea. Vietnam is the EU's 15th-largest merchandise trading partner and the most prominent trading partner in ASEAN.
The steel industry is concerned about the mechanism of CBAM carbon border adjustment

The steel industry is concerned about the mechanism of CBAM carbon border adjustment

VCN - From 1 October 2023, the EU's Carbon Border Adjustment Mechanism (CBAM) - a new EU policy instrument that allows additional taxes on high-emissions imports - began to be implemented for transition period.
Vietnam must step up carbon reduction to enter EU markets

Vietnam must step up carbon reduction to enter EU markets

Vietnam must start monitoring and issuing carbon certificates to exporters and retailers in response to the EU's recently passed carbon levy, said industry insiders and policymakers.
New green growth strategy to promote carbon-neutral economy

New green growth strategy to promote carbon-neutral economy

The Ministry of Planning and Investment is working with relevant ministries, sectors, and localities to draft a national strategy on green growth for 2021-2030 and vision to 2050.
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