Keyword: "CBAM"

11 Result

A worker at a steel production line at Thai Nguyen Iron and Steel JSC (Photo: VNA)

Empowering businesses to effectively navigate CBAM

Despite the approaching official operational roadmap for the Carbon Border Adjustment Mechanism (CBAM), misinformation persists, preventing businesses from fully understanding its implications, which in turn leads to ineffective strategies and resource wastage.

Steel export value likely to drop 4% under CBAM impact

Steel export value likely to drop 4% under CBAM impact

The World Trade Organisation (WTO) estimated that steel export value may drop by 4% under the impact of the EU Carbon Border Adjustment Mechanism (CBAM). A drop in demand will lead to a reduction of about 0.8% in output.
Going green to foster exports to choosy markets

Going green to foster exports to choosy markets

Adherence to foreign markets’ sustainability standards and capitalisation of existing free trade agreement will help Vietnam boost overseas shipments to realise its set target of 6% growth in export revenue in 2024, according to the Ministry of Industry and trade (MoIT).
Top 10 defining events of global economy in 2023

Top 10 defining events of global economy in 2023

The slowdown in global economic recovery, rice export restrictions, and COP28’s historic deal to phase out fossil fuels are among the most notable events of the world’s economy in 2023 as selected by the Economic News Department of the Vietnam News Agency.
Vietnamese exporters advised to adapt to Carbon Border Adjustment Mechanism

Vietnamese exporters advised to adapt to Carbon Border Adjustment Mechanism

As the European Union (EU)’s Carbon Border Adjustment Mechanism (CBAM) will enter into application in its transitional phase from October 1, 2023, Vietnamese businesses are forced to join in the “green race” in the context that Vietnam is the union's largest trading partner in the Association of Southeast Asian Nations (ASEAN).