The Green Export Promotion Forum held by the Ministry of Industry and Trade aimed to foster a robust green business community, creating sustainable value for Vietnam’s export products in the global market.
The Ministry of Industry and Trade connects businesses to engage in supply chains (Photo: VietnamPlus)
Hanoi (VNA) - Green transformation not only helps businesses minimise the risk of being excluded from key export markets but also creates opportunities to build sustainable𓂃 brands, enhance♕ product values, and reach premium customer segments globally.
This is a strategic step for Vietnam to strengthen its position in the global value chain, while promoting sustainable economic growth, reducing negative environmental impact, and enhancing the competitiveness of the economy, heard a forum in Hanoi on December 4.
Sustainable development has become a global trend and a strategic development direction for every nation. Sustainable economic development is considered a foundational pillar, serving as a premise for achieving social development and environmental protection.
Important policies such as the European Green Deal, the Carbon Border Adjustment Mechanism (CBAM), the Circular Economy Action Plan, and the Biodiversity Strategy 2030 are significantly influencing the modes of growth, economic cooperation, trade, and investment worldwide.
These policies not only focus on emission reduction goals but also set stricter standards for social responsibility and environmental protection, requiring exporting countries to change production methods and approaches to meet increasingly stringent requirements.
According to Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan, Vietnam, with its available potential and advantages, is likely to become an essential link in the global supply chain, especially in green and sustainable export sectors, renewable energy, cleaner production, digital economy, and circular economy.
Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan speaks at the forum (Photo: VietnamPlus)
According to experts, embracing green transition and sustainable development not only helps Vietnam meet international market demands but also strengthens its global standing and contributes to global sustainable development goals.
However, this transition requires a concerted strategy, including government support through incentive policies, proactive business investments in innovation, and cooperation among stakeholders.
Nguyen Hai Minh, Vice Chairman of the European Chamber of Commerce in Vietnam (EuroCham), said Vietnamese businesses need to closely follow global changes, especially those related to trade regulations concerning exports, imports, and transactions with European partners.
Experts suggest green transition and sustainable development solutions. (Photo: VietnamPlus)
Vu Ba Phu, Director of the Trade Promotion Agency under the Ministry of Industry and Trade, said the forum aims to raise awareness among businesses, associations, and industries, enabling them to develop plans and strategies for exporting to the EU market.
Highlighting green standards and sustainable development, Phu noted that these regulations have long been in place and are now standardised, becoming mandatory market requirements. Therefore, businesses must act quickly to prepare for the 2026-2028 period to meet green transition requirements.
To support businesses, the Ministry of Industry and Trade has intensified efforts to disseminate new regulations on green standards and sustainable development, helping businesses effectively prepare and continue to boost exports in the future.
Furthermore, the Ministry of Industry and Trade is coordinating with international organisations and relevant agencies to design programmes on technical assistance and capacity building for businesses and associations, ensuring compliance with competitive sustainability requirements in export markets.
In the future, the ministry will continue reviewing, supplementing, and completing policies to support businesses while introducing green standards and sustainable development standards for each sector, Phu added./.
Businesses should conduct comprehensive renovation to make full use of opportunities brought about by the global green transition and sustainable development trend, advised experts.
Dual transition is an inevitable trend that the Vietnamese business community needs to grasp in the coming years, participants heard at the annual conference on sustainable development held by the Dau Tu (Vietnam Investment Review - VIR) Newspaper on November 12.
Vietnam needs to establish a specific roadmap for the transition to green energy as well as design and manage the emissions trading system toward the official operation of the carbon market in 2028, according to experts.
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