At the at the report launch ceremony (Photo: VCCI) Hanoi (VNA) - Along with its challenges, Vietnamese companies seeclimate change as an opportunity to speed up restructuring, reorganise production,and create new products and technologies, according to a report from theVietnam Chamber of Commerce and Industry (VCCI) and the Asian Foundation releasedon September 16.
The “Adapting to Succeed: Assessing the Impact of Climate Change on VietnameseBusinesses” report revealed that local companies find it necessary to respondto natural disasters and climate change and a large number have adjusted theirbusiness plans, upgraded production technologies, and taken out insurance toprotect themselves against natural disasters.
They are also now more willing to invest in improving compliance with environmentalregulations. In particular, one business is ready to set aside 7.32 percent ofits operational costs to go greener, the report revealed.
Speaking at the launch ceremony, VCCI President Vu Tien Loc said Vietnam isamong ten countries hit hardest by climate change, and severe climate conditionshave had a critical impact on local business, as they cause disruptions to transportnetworks, increase production costs, and create shortages in material supplies,eventually bringing business to a standstill.
The business community must work together towards a greener, cleaner, and moresustainable economy, he said, adding that with their creativity, Vietnamese companieswill have an important voice in promoting activities to respond to climatechange.
The Vietnamese Government has worked to complete the legal framework toencourage environmental protection and sustainable development in recent years.
The report collected the opinions of 10,400 enterprises across the country. It isbilled as the largest business survey on the impact of climate change onVietnamese companies to date./.
VNA
