Business

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.
Carbon mechanism prompts exporters to green up: Experts ảnh 1Experts at the conference (Photo: VNA)
HCM City (VNA) – The European Union (EU)’ CarbonBorder Adjustment Mechanism (CBAM) is a challenge for many sectors of Vietnam butalso a motivation for businesses to speed up green transition to meetsustainable production standards, heard a conference in Ho Chi Minh City onNovember 8.

Huynh Minh Vu, Deputy Director of the Ho Chi Minh City Centreof International Integration Support (CIIS), underlined that the EU is one ofthe most important trade partners of Vietnam and stressed that import policies of the union willhave a certain impact on Vietnamese exporters.

The CBAM, a policy of the European Green Deal (EGD), isexpected to help the EU reduce carbon emission by at least 55% by 2030 comparedto 1990. It is forecast to directly affect the goods supply chain ofbusinesses.

Do Huu Hung from the Europe-America Market Department under the Ministry ofIndustry and Trade said that the CBAM will impact Vietnam’s exports, initially steel andcement. At the same time, it is currently impossible to tell whether the EUwill expand the group of products applying the CBAM mechanism or not, he said, adding this mechanism, therefore is also a trendthat businesses need to consider from the beginning in the process of designingtheir production strategies.

The official held that in order to adapt to the common global trends,including the CBAM, sectors with export products should be clearly aware ofregulations and requirements of import markets. He advised businesses to greenup their production by investing more on clean technologies and power sufficientsolutions.

Businesses and stakeholders should coordinate with and conduct dialogues with theEU to ensure the CBAM is implemented in a fair and equal manner, he stated.

Dang Bui Khue, Training Manager at Bureau Veritas Vietnam, saidthat although so far only the EU has announced the CBAM, the greening up ofproduction is an indispensable requirement to protect the living environmentand maintain sustainable development.

As Vietnam has announced the commitment to net-zero emission by 2050, strengthened the replacement of fossil fuels with renewable anddeveloped green industry, sustainable agriculture and circular economy,businesses should actively build their own quality management system andrenovate their management and production process, he underlined.

Khue held that the application of taxes on carbon-intensiveproducts will prompt enterprises to speed up green transition but also motivatethem to join the carbon credit market, a promising market that will helpfirms create more added values./.
VNA
#Carbon Border Adjustment Mechanism (CBAM) #EU #European Green Deal (EGD) #Vietnamese exporters #net-zero emission by 2050 #Ho Chi Minh City Centre of International Integration Support (CIIS) #Vietnam #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

Measures to promote carbon trading platform in Vietnam

Measures to promote carbon trading platform in 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.
Vietnamese businesses striving to cut carbon emissions

Vietnamese businesses striving to cut carbon emissions

Reducing emissions and targeting carbon neutrality have become common global goals that have also posed new requirements on Vietnamese businesses during international integration. Local businesses have been gradually adapting to these new requirements, striving to cut carbon emissions by introducing smart and innovative solutions and effectively using available resources.
Vietnam commits clean energy transition: Trade counselor

Vietnam commits clean energy transition: Trade counselor

Vietnam has paid due attention to energy transition as part of efforts to respond to climate change, highlighted Vietnamese trade counselor in Thailand Le Huu Phuc while attending the third Asian and Pacific Energy Forum (APEF 2023) in Bangkok on October 16-20.

See more

Workers produce leather shoes for export at Lefaso Tra Vinh Investment and Production Joint Stock Company in Tra Cu commune, Vinh Long province. (Photo: VNA)

Vietnamese exporters pivot to ease pressure from US tariffs

Pressure from the new US tariff policy is prompting Vietnamese exporters to reassess their strategies. Rather than pursuing volume-driven growth, many are shifting towards higher-value orders, tighter cost control, greater productivity and a more balanced allocation of markets to reduce reliance on a single destination.

A worker handles and stacks goods. Nearly 138,100 businesses were newly founded from January to August, up 7.7% over the same period last year, while more than 40,800 businesses completed dissolution procedures, a jump of 125.5%. (Photo: VNA)

Firm entry and exits point to continued restructuring pressure

Updates from the National Statistics Office last week showed that nearly 138,100 businesses were newly founded from January to August, up 7.7% over the same period last year, while more than 40,800 businesses completed dissolution procedures, a jump of 125.5%.

A Vietnamese business introduces durian cakes to Chinese visitors at the 22nd China-ASEAN Expo (CAEXPO) in 2025. (Photo: VNA)

Vietnam steps up trade, investment promotion at China-ASEAN Expo

According to the CAEXPO Secretariat, Vietnam will once again lease an entire exhibition area of about 3,000sq.m, featuring 170 booths, making it one of the ASEAN countries with the largest exhibition spaces at this year’s event. Nearly 100 Vietnamese businesses have confirmed their participation, including major brands such as Trung Nguyen Group, TH Group, Saigon Coffee and Biti’s.

An overview of the VIFC's Executive Council meeting on September 7 (Photo: VNA)

Six groups of products, services proposed at Vietnam International Financial Centre

Deputy Minister of Finance Nguyen Thi Bich Ngoc said the products and services include investment funds and asset management, asset-backed digital assets, international carbon credits, commodity trading and derivatives infrastructure linked to trade and supply-chain financing, financial technology, and bonds issued at the centre. As these groups are at different stages of readiness, they will be rolled out in phases rather than simultaneously.

The meeting between the Quang Ninh delegation and Siemens Mobility (Photo published by VNA)

Quang Ninh seeks cooperation, investment opportunities in Germany

A Quang Ninh official praised the collaboration between Siemens Mobility and VinSpeed in developing the Hanoi–Quang Ninh high-speed railway and expressed his hope that the project will pave the way for future cooperation between Siemens Mobility and Quang Ninh in modern railway development and workforce training.

At the 10th intersessional meeting of UNCITRAL Working Group III in Ninh Binh province on September 7, 2026. (Photo: VNA)

Vietnam hosts UNCITRAL Working Group III intersessional meeting for first time

By hosting the 10th UNCITRAL Working Group III intersessional meeting, Vietnam wishes to continue playing an active and proactive role in UNCITRAL in general and Working Group III in particular, working alongside the international community to strengthen cooperation, share experience and contribute to the development of the international legal framework.

An Asian customer with a Vietnamese coconut product served with straws (Photo: VNA)

Vietnam’s agricultural exports: Shifting from volume to value

Vietnam has about 1.2 million hectares of fruit-growing areas, producing around 13 million tonnes a year. Its fruits are exported to more than 60 countries, including major markets such as the US, the EU, Japan, the Republic of Korea and China. The country is also among the world’s leading exporters of rice, cashew nuts, pepper and coffee, with its products reaching more than 150 countries, including markets with stringent standards.

A modern production line at Hana Micron Vina Co. Ltd., a wholly invested by the Republic of Korea, in Van Trung Industrial Park in Bac Ninh province (Photo: VNA)

Northern Vietnam attracts 80.5% of new manufacturing FDI in first half

John Campbell, Director and Head of Industrial Services at Savills Vietnam, said investment in electronics and semiconductors continued to concentrate in northern localities, which have developed relatively complete manufacturing ecosystems encompassing industrial infrastructure, technical labour and supplier networks.

At the 2025 K–Vietnam Pop-up Festa in Dalat (K-Market Vietnam 2025) held in the central province of Lam Dong on November 8, 2025. The event features a series of cultural and trade exchange activities between Vietnam and the RoK, with more than 100 Lam Dong and Korean enterprises showcasing typical products from both sides. (Photo: VNA)

Vietnam, RoK seek to expand trade cooperation

The Ministry of Industry and Trade’s Department of Foreign Markets said Korean companies showed strong interest in Vietnam International Sourcing (VIS 2026), covering food, logistics, digital technology, mechanics, shipbuilding, seafood and distribution.

According to the Vietnam Coffee Cocoa Association (Vicofa), Vietnam exported nearly 1.7 million tonnes of coffee in the first eight months of 2026, earning more than 6 billion USD. (Photo: VNA)

Vietnamese coffee exports poised for strong finish toward year-end

According to the Vietnam Coffee Cocoa Association (Vicofa), Vietnam exported nearly 1.7 million tonnes of coffee in the first eight months, earning more than 6 billion USD. Export volume rose by over 10% year on year, while export value fell by 11.2% due to lower export prices.