Business transition in adaptation to a low-carbon consumption trend is inevitable for Vietnamese exporters who, in turn, should consider it a great opportunity to form relevant long-term visions and investments.

VOV.VN - A number of leading economic corporations from the United States, the Republic of Korea (RoK), and Taiwan (China) introduced their cutting-edge technologies in the energy industry at the Vietnam International Innovation Expo 2023 which was recently held in Hanoi, highlighting their keen interest in the local energy transition process.

Singapore’s Energy Market Authority (EMA) on October 24 announced that it has given tentative approval for plans to import 1.2 gigawatts (GW) of primarily wind-generated electricity from 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.

VOV.VN - Ho Chi Minh City’s Index of Industrial Production (IIP) in the first nine months of this year soared by 3.2% year-on-year, regaining its attractiveness to foreign investors, suppliers and clients.

CT Group launched its ASEAN Carbon Credit Exchange Joint Stock Company (CCTPA) on September 29, becoming the first Vietnamese enterprise to kick off a voluntary carbon emissions exchange in an attempt to respond to trade policies on international environment, and to develop a low-carbon emission economy.

Vietnam has received US$41.2 million, equivalent to 80% of the total funding, from the World Bank for 10.3 million tonnes of CO2 as a result of its efforts to reduce carbon emissions in deforestation and forest degradation until 2025, according to Director of the Forestry Department under the Ministry of Agriculture and Rural Development (MARD) Tran Quang Bao.

The Japan International Cooperation Agency (JICA) has pledged to partner with the Ministry of Natural Resources and Environment to strengthen Vietnam’s capacity for reducing carbon emissions.

A consultation workshop titled “The Recommendations for a Carbon Tax to Mitigate the Impact of the EU’s Carbon Border Adjustment Mechanism (CBAM) on Vietnam” was held in Hanoi on August 30.

VOV.VN - Australia wishes to increase cooperation with Vietnam in areas that are Australia’s strengths, Minister for Foreign Affairs Penny Wong said ahead of her departure to Vietnam for an August 21-24 working visit.