VOV.VN - As sustainability becomes a key priority in global markets, businesses are increasingly focusing on producing environmentally friendly products which can meet growing consumer demand and fully comply with regulations.

VOV.VN - If manufacturing firms do not plan to reduce carbon emissions then their exported products will struggle to remain competitive and retain their position in the market, said experts at a green economy forum held in Hanoi on November 26.

VOV.VN - Vietnamese leather and footwear exports during the opening four months of the year rose by 5.7% year on year to US$6.542 billion, according to statistics from the Vietnam Leather, Footwear and Handbag Association (LEFASO).

VOV.VN - Vietnam earned US$51.5 million from selling 10.3 million forestry carbon credits last year, opening up a significant opportunity for the country to speed up the transition to green production.

VOV.VN - Vietnamese businesses are required to further develop green production and apply high standard technology in order to ensure green and clean products which are capable of meeting the environmental standards set by the EU to further participate in the sustainable supply chain of the market, according to insiders.

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.

The European Union (EU)’s Carbon Border Adjustment Mechanism (CBAM), which is set to take effect in 2024, will impact production and trade activities of Vietnamese manufacturers, especially in high carbon emission industries like iron and steel, aluminium and cement, as well as the whole economy, said experts.

VOV.VN - Issues relating to labour, tariffs, and green export development remain challenges that export businesses must face when implementing the EU-Vietnam Free Trade Agreement (EVFTA).