The challenge of Vietnamese businesses when accessing Indonesia's Halal market is largely that businesses do not understand the Muslim country's consumer culture.
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The development of logistics infrastructure, improvement of loading and storage capacity, and formation of a regional – level logistics service centre will help Vietnam better embrace the upcoming global supply chain shifts, experts said at a logistics forum held by the Ho Chi Minh City Logistics Association (HLA) in the city on November 29.
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Low-carbon economic development towards a circular economy is becoming an inevitable tendency in the framework of the green transition with the creation and development of carbon markets seen as an increasingly crucial tool.
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Exports, in addition to consumption and investment, play a crucial role in propelling Vietnam's economy beyond challenges, aiming to swiftly revive it.
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Recent positive index of business results and information via business surveys have revealed the bounce back of business confidence. However, in order to cope with current uncertainties, institutional reform is always considered a prerequisite, sustainable and long-term solution for economic recovery.
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The Ministry of Industry and Trade (MoIT) is focusing on improving provinces and cities’ capabilities in helping local businesses take advantage of free trade agreements such as the UKVFTA and EVFTA by issuing an FTA Index by the end of 2023.
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Amid difficulties in the world market, greater attention should be paid to promoting the domestic market, one of the "healthy" pillars at present of the economy, to boost growth, according to Prof. Dr. Bui Quang Tuan, Director of the Vietnam Institute of Economics.
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Thanks to applying certificates according to international sustainable development standards in production and business, some businesses have overcome difficulties and grown sustainably.
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Sustainable development has evolved into an inevitable trend. Businesses that harness opportunities from climate change are bound to adopt new economic and financial models, engage in the carbon market, and cultivate environmentally friendly and sustainable business practices in line with market trends. Mr. Nguyen Sy Linh (pictured), The Institute of Strategy and Policy on Natural Resources and Environment (Ministry of Natural Resources and Environment), sheds light on the factors enabling businesses to undergo the most suitable and effective transitions.
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The European Union (EU)’ Carbon Border Adjustment Mechanism (CBAM) is a challenge for many sectors of Vietnam but also a motivation for businesses to speed up green transition to meet sustainable production standards, heard a conference in Ho Chi Minh City on November 8.
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