Green production now inevitable for Vietnamese exporters
Business transition in adaptation to a low-carbon consumption trend is inevitable for Vietnamese exporters who, in turn, should consider it a great opportunity to form relevant long-term visions and investments.
Many global textile and garment conglomerates target net zero by 2050, requiring their supply chains across countries, including Vietnam, to follow suit. (Photo: VNA)
Hanoi (VNA) – Business transition in adaptation to a low-carbon consumption trend is inevitable for Vietnamese exporters who, in turn, should consider it a great opportunity to form relevant long-term visions and investments.
The trend refers to a production process that causes little negative impact on the environment and nature. Given that, enterprises earning or losing business opportunities result from their own business and production strategies, said Hoang Van Tam, deputy chief of the office for climate change and green growth at the Ministry of Industry and Trade (MoIT).
At a recent workshop on firms’ tapping climate-induced chances, Tam advised firms to invest in green and clean production meeting requirements from big markets such as the EU and the US.
According to him, many global textile and garment conglomerates target net zero by 2050, requiring their supply chains across countries, including Vietnam, to follow suit. It means that related businesses must report their carbon emissions and calculate the carbon footprint of their production and supply chains.
Ta Hoang Linh, Director General of the MoIT’s European-American Market Department, said Vietnamese firms face competition in terms of orders from not only other markets but also importers’ technical barriers involving green criteria.
The environmental friendliness requirements are made by both foreign and domestic clients, he added, considering the path toward sustainability a must for businesses to boost competitiveness, sustain operations, and grow.
Business transition in adaptation to a low-carbon consumption trend is inevitable for Vietnamese exporters who, in turn, should consider it a great opportunity to form relevant long-term visions and investments. (Photo: tapchimoitruong.vn)
In September, about 300 groups and buyers worldwide, including Walmart from the US, Aeon and Uniqlo from Japan, Central Group from Thailand, and IKEA from Sweden, gathered in Vietnam to seek suppliers.
They highlighted Vietnam’s potential and noted a need for green production and fast delivery in addition to the traditional criteria on product quality and competitive prices.
The Swiss Import Promotion Programme (SIPPO) in Vietnam, which supports Vietnamese businesses in exporting goods worldwide, said global retailers are under pressure from sustainability declarations in the EU and US markets. Therefore, they are looking for Vietnamese suppliers who can prove their sustainability factors with clear standards./.
The German-funded Green Innovation Centres for the Agriculture and Food Sector (GIC) project worth over 7 million EUR is underway in Mekong Delta localities.
Although the cashew nut processing and exporting industry was warned of many difficulties in 2023, Vietnamese exporters still have many opportunities to boost exports if both businesses and farmers turn to green production, insiders have said.
Textile and garment businesses in Vietnam are taking steps to switch to green production to meet partners’ demand and achieve sustainable development, the Cong Thuong (Industry & Trade) newspaper reported.
It is necessary for domestic enterprises to switch to green textile and garment production in an effort to achieve sustainable development goals and cope with the gradual loss of Vietnam’s cost advantage, insiders have said.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
Many global textile and garment conglomerates target net zero by 2050, requiring their supply chains across countries, including Vietnam, to follow suit. (Photo: VNA) 
Business transition in adaptation to a low-carbon consumption trend is inevitable for Vietnamese exporters who, in turn, should consider it a great opportunity to form relevant long-term visions and investments. (Photo: tapchimoitruong.vn) 
