To contribute to clearing the "path" to green transformation, Mr. Nguyen Quang Vinh (photo), Vice President of the Vietnam Federation of Commerce and Industry (VCCI), Chairman of the Vietnam Business Council for Sustainable Development (VBCSD) said that the efforts of the business community will be important "pieces".
According to Mr. Mac Quoc Anh, Vice Chairman and General Secretary of the Hanoi Association of Small and Medium Enterprises, despite current challenges, many resources are mobilized to optimize business results.
The logistics industry is among those most profoundly impacted by the burgeoning trend of green transition. However, whether this transition manifests as a pressure or a catalyst for growth depends on how businesses approach and implement it.
In the first seven months of 2024, indicators such as investment attraction, industrial production, exports, consumption, and the number of international tourists to Vietnam all experienced significant growth, signaling a clear recovery of the country's economy. According to the Ministry of Planning and Investment's forecast, there is a solid foundation to expect higher growth results, surpassing the 6.5% target for 2024.
Enterprises importing aquatic raw materials for export production or export processing for domestic consumption encounter difficulties in implementing quarantine.
Identifying the fight against illegal, unreported, and unregulated (IUU) fishing as a priority, to remove the European Commission’s (EC) ‘yellow card’ warning against Vietnamese seafood, the coastal provinces in the southern part of the Red River Delta, namely Thai Binh, Nam Dinh and Ninh Binh, are working hard to prevent illegal fishing.
Amidst the strong wave of shifting production investments and diversifying global supply chains by multinational companies, experts view this as a significant opportunity for Vietnamese suppliers and supporting industries.
It is extremely necessary to grasp and understand the new EU regulations such as CBAM and EUDR. Thereby, businesses have plans, measures and roadmaps to adjust export production activities, maintain and develop export markets.
The United States is the country that investigates and applies the most trade defense measures to Vietnamese export goods. Vietnamese export businesses when being investigated by the US for applying trade defense measures need to pay attention to choosing the country and replacement value.
The Vietnam - EU Free Trade Agreement (EVFTA) has been in effect for four years (August 1, 2020). However, the level of benefits received from this new generation FTA is divided and different among businesses.
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