VOV.VN - Local businesses are required to devise a specific carbon emission reduction roadmap towards meeting the net zero emissions target by 2050, heard a green economy forum 2023 titled “Net Zero – Turning promise into reality” held in Ho Chi Minh City on August 18.

Vietnam's energy sector plans to reduce greenhouse gas emissions by 17-26% by 2030 and around 90% by 2050 compared to the normal development scenario.

Over 450 exhibitors from 30 countries and territories will join the 16th international exhibition on processing, and packaging food, beverage, pharmaceutical, and cosmetics industry – ProPak Vietnam 2023 that is slated to take place in Ho Chi Minh City in November.

VOV.VN - Vietnam is in dire need of solutions to greenhouse gas emission reduction, and it hopes to receive financial and technology transfer assistance from international organisations and firms, including Astra Zeneca, to realise its climate goal.

Vietnam is currently devising a project to develop a domestic carbon market, focusing on the mandatory trading of GHG emissions quotas for industries and businesses in the domestic market, while also considering international market integration.

The State Securities Commission of Vietnam (SSC) in collaboration with the International Finance Corporation (IFC) held a ceremony in Hanoi on August 8 to launch a manual on greenhouse gas (GHG) emissions inventory and reporting.

Buyers of electric vehicles (EVs) could receive an incentive totalling US$1,000 per purchase.

Vietnamese enterprises in the auto industry are not deeply involved in the global supply chain. To become global suppliers, domestic enterprises must be consistent with the management culture and business philosophy of global manufacturers, experts have said.

Enterprises should look for niche markets to better cope with declines in exports in major markets.

Facing the impacts of climate change, raising people's awareness about recycling, and giving priority to environmentally friendly products using renewable energy must be prioritised by companies across Vietnam.