Vietnam promotes sustainable production, consumption

The trend of sustainable consumption, with environmentally friendly products, has received increasing attention in Vietnam and created an influence on the production and distribution system.
Vietnam promotes sustainable production, consumption ảnh 1A BigC report shows that 31% of the customers are willing to pay more for products that support the environmental protection (Photo: baotainguyenmoitruong.vn)
Hanoi (VNA) - The trend of sustainableconsumption, with environmentally friendly products, has received increasingattention in Vietnam and created an influence on the production and distributionsystem.

From his practical experience, CEO of Go/BigC System inHanoi and the northern region Le Manh Phong said that over the recent years, the trendof sustainable consumption in the country has been becoming more and more obvious, asa product with an environmentally friendly production or packaging processoften brings more advantages to the business in its competition.

According to a recent report by the Thai-owned BigC – one of thebiggest supermarket chains in Vietnam, 31% of the customers are willing to pay morefor products that support the environmental protection.

Therefore, many Vietnamese enterprises, especially large ones, have begun to shift their products in the direction of beingenvironmentally friendly.

As a pioneer in implementing the circular economy model, VijayKumar Pandey, Chairman of the TH Milk Food JSC (THMF), said that in theproduction chain of TH Group, by-products and waste of a process are used asinput materials for another, so the life cycle of the material ismaintained as long as possible before being discharged into the environment,thereby minimising gas emissions.

In addition, the group has also implemented many sustainableconsumption solutions such as replacing disposable plastic bags, spoons andstraws with eco-friendly bio-plastic ones. In 2022, the TH True Mart system cutthe total number of used plastic bags by 15%, equivalent to 19 tonnes.

Vietnam promotes sustainable production, consumption ảnh 2In 2022, the TH True Mart system cuts total number of used plastic bags by 15%, equivalent to 19 tonnes (Photo: nhandan.vn)
In addition, it also cut by half of the amount of plastic spoons distributed to the market, and aims to raising the figure to 100%in the near future. The complete elimination of disposable plastic spoons isexpected to help reduce from 130 to 260 tonnes of plastic waste into theenvironment each year.

From the beginning of this year’s second quarter, someretail businesses, and ride-hailing service and food delivery providers inVietnam began to convert from petrol to electric vehicles (EVs).

According to a study by Baemin - a food delivery serviceprovider from the Republic of Korea, using EVs helps save fuel costs and save50% of maintenance costs. This will help Baemin reduce its operating costs byup to 30% if it successfully uses EVs in its transportation service.

Assessing sustainable consumption trends in online shopping,Baemin Vietnam CEO Song Jinwoo said that Vietnamese consumers are paying greatattention to sustainable products which are made from recycled or reusablematerials. In addition, they also tend to choose dishes that are low in fat andsugar, and rich in fiber and nutrition. This is reflected in the growth in thenumber of stores offering healthy products.

In the first half of this year, the increase rate was 15%compared to the same period last year. But at present, in fact, customers'demand for environmentally friendly products is still not high as their pricesremain the leading factor.

In the coming time, when the economy stabilises again, thetrend of sustainable production and consumption will develop strongly,according to insiders./.
VNA

See more

Production at a garment enterprise located in Dong Nai province. (Photo: VNA)

Businesses supported to develop green practices

As part of efforts to advance sustainable business practices in Vietnam, in 2024, the Ministry of Planning and Investment (MPI) has leveraged resources from international organisations such as ESCAP, USAID, and UNDP to help businesses implement green, circular, and inclusive models.

Footwear production for export to the EU. (Photo: VNA)

Footwear firms secure contracts through mid-2025

Several leading footwear companies in Vietnam have secured contracts extending through mid-2025, according to Phan Thi Thanh Xuan, Vice Chairwoman and General Secretary of the Vietnam Leather, Footwear, and Handbag Association (LEFASO).

Bond funds offer stable returns with expectations of higher profits than savings interest rates. (Photo: VNA)

Bond funds shine in 2024

Amid the stagnant stock market environment, bond funds have emerged as an attractive option for investors, especially when profits they have brought significantly surpasses that of bank savings.

An electronic component production line (Photo: VNA)

Vietnam PMI stands at 49.8 in December

The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) dipped below the 50.0 no-change mark for the first time in three months during December 2024, to be at 49.8 from 50.8 in November.

An electronic circuit board inspection line at a Korean enterprise in Yen Phong Industrial Zone, Bac Ninh province. (Photo: VNA)

Bac Ninh aims to attract 100 FDI projects in 2025

Industrial zones in the northern province of Bac Ninh are targeting the attraction of approximately 100 foreign direct investment (FDI) projects this year, with total capital for new and existing projects expected to reach 1.2 billion USD.

Deputy Prime Minister Tran Hong Ha speaks at the meeting. (Photo: VNA)

Deputy PM urges specific roadmap for EV shift

Deputy Prime Minister Tran Hong Ha on January 2 emphasised the need for comprehensive solutions to reduce pollution sources, with a focus on addressing emissions from petrol- and diesel-powered vehicles by shifting to electric vehicles (EVs).

Minister of Finance Nguyen Van Thang strikes the gong to open the first stock trading session of 2025. (Photo: VNA)

Stock market rises on first trading day of 2025

Vietnam’s stock market started 2025 on a positive note with a modest gain, as the VN-Index approached the 1,270-point threshold. However, liquidity continued to decline, remaining at low levels, while foreign investors resumed net selling, albeit mildly.

Vietnam’s imports of computers, electronics and components from China are estimated to reach a total of 33-34 billion USD in 2024. (Photo: baodautu.vn)

Computers, electronics and components lead imports in 2024

Vietnam’s imports of computers, electronics and components in 2024 surpassed the 100 billion USD mark for the first time in history and were the highest level since 2013, according to statistics from the General Department of Vietnam Customs.

Mai Xuan Thanh, Director General of the General Department of Taxation, (Photo: VNA)

E-invoices from cash registers surge 13-fold year on year

As many as 92,080 business establishments had registered to use e-invoices generated via cash registers by the end of 2024, rising 2.3-fold from the previous year, heard a recent conference reviewing finance and state budget affairs.