Entitled “No time to waste: The Challenges and Opportunities of Cleaner Trade for Vietnam”, the WB report argued that greening the trade sector should be a priority.
It said while Vietnam has started to decarbonise activities associated with trade, more need to be done to respond to mounting pressures from main destination markets, customers, and multinational companies for greener products and services.
The report recommended that the Vietnamese Government act on three fronts: facilitate the trade of green goods and services, incentivize green foreign direct investment, and develop more resilient and carbon-free industrial zones.
Assuming the COVID-19 pandemic will be brought under control at home and abroad, the forecast envisioned that Vietnam’s services sector will gradually recover as consumer and investor confidence restores, while the manufacturing sector benefits from steady demand from the US, the European Union, and China./.
