Business

Hanoi to host Vietnam export promotion forum 2023

The Vietnam Export Promotion Forum 2023 with the theme of “green export promotion” will be held in Hanoi on November 24, the Ministry of Industry and Trade (MoIT) has announced.
Hanoi to host Vietnam export promotion forum 2023 ảnh 1The Vietnam Export Promotion Forum 2023 with the theme of “green export promotion” will be held in Hanoi on November 24. (Illustrative Photo: congthuong.vn)

Hanoi (VNA) – The Vietnam ExportPromotion Forum 2023 with the theme of “green export promotion” will be held in Hanoion November 24, the Ministry of Industry and Trade (MoIT) has announced.

The event is expected to gather 300 experts, enterprisesand international organisations in Vietnam, aiming to create a channel fordialogue and consultation with many stakeholders to shape, identifydifficult problems and opportunities in green trade development, and propose solutions and support policies for green trade.

It is also an opportunity to share practicalexperiences of pioneering businesses in green production and sustainable exportdevelopment to meet global green consumption trends.

According to the MoIT, green growth and circulareconomy are becoming a global trend, drastically practiced in the world's mostdeveloped economies as a solution to reduce greenhouse gas emissions, aimingfor a long-term carbon neutral economy.

The ministry said that responsible business and environmentalprotection are mandatory requirements for businesses producing exports as thesefactors affect the global value chain of the product. Therefore, the ministryhas been promoting information to support businesses in meeting standards andcriteria for sustainable development and green growth.

Experts acknowledged that Vietnam is one of the countries with strongcommitments to environment at the Climate Change Summit (COP26), including acommitment to pioneer in energy transformation, along with green and digitaltransformation.

Statistics of the MoIT revealed that import-export isa bright spot of Vietnam’s economy with a total import export turnover reaching 732.5 billion USD in 2022.

In the first 10 months of 2023, the country’s totalimport-export turnover achieved 558 billion USD, a decrease of 9.6% yearon year. Besides a fall in market demand, many foreignmarkets such as the US,  the UK and the EU have raised standards for imports as an attempt to boost green transition and emission neutralisation./.

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