Towards Net Zero: Seeking opportunities from climate change
If businesses do not reduce carbon content per unit of product, the competitiveness of Vietnamese goods will decrease significantly in the world market, experts have told a recent business forum in Hanoi.
Business forum on green transformation, green finance towards the target of net zero by 2050 (Photo: Vietnam+)
Currently, significant international markets have implemented cross-border carbon adjustment mechanisms throughout the production, business, and import processes. In this context, if businesses fail to decrease the carbon intensity per unit of product, the competitiveness of Vietnamese goods will experience a notable decline.
In response to this situation, the Business Council for Sustainable Development of Vietnam, in collaboration with the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Natural Resources and Environment, and the Japan International Cooperation Agency (JICA), organized a business forum focused on green transformation and green finance. The forum aimed to advance the objective of achieving net-zero emissions by 2050.
Turning challenges into opportunities
According to a VCCI survey conducted on 10,000 domestic businesses, 56% of whom said they saw opportunities from climate change. Of these, about 30% believed it is time to restructure and reorganize production, and 17% held that this is an opportunity to create new technology products and services and develop more markets for available products.
In fact, a number of Vietnamese businesses have participated in implementing the zero emissions target. They have initially caught up with international requirements on reducing emissions as well as being ready to implement the Government's policies on responding to climate change.
Businesses being able to take advantage of opportunities from climate change are likely to receive new economic and financial models and have the opportunity to participate in the carbon market. (Photo: Vietnam+)
Speakers representing Coca-Cola Vietnam, VinBus, Daikin Vietnam, and Insee Vietnam appreciate the Government’s significant efforts to create a favorable policy environment with specific regulations on greenhouse gas emissions.
On the management side, Nguyen Tuan Quang, Deputy Director General of the Department of Climate Change under the Ministry of Natural Resources and Environment, said the business community plays an important role in transforming challenges into opportunities. They can develop sustainable production and business operation, as well as creating resources to contribute to reducing greenhouse emissions and promoting green growth in Vietnam.
The proportion of outstanding green credit loans compared to the total outstanding loans provided by commercial banks (as of September 2023) ranges from 3% to 10% (Photo: Vietnam+)
Fukuda Koji, Chief Advisor of the “Support for Planning and Implementation of the Nationally Determined Contributions in Vietnam (SPI-NDC)” project, highlighted the crucial role and commendable efforts of financial institutions in expanding the portfolio of green investments and mitigating greenhouse gas emissions through capital investments, both on a global scale and within Vietnam.
As of September 2023, the proportion of outstanding green credit loans compared to the total outstanding loans provided by commercial banks ranged from 3% to 10%.
Koji strongly recommended that businesses take proactive measures to enhance their understanding of ESG (environmental, social, and governance) practices and sustainable development. By doing so, they can enhance their ability to access capital opportunities in this field and contribute to a more sustainable future./.
The issuance of the national plan on the implementation of the Glasgow Leaders’ Declaration on Forests and Land Use is another step taken by the Vietnamese Government towards achieving net zero emissions by 2050.
World leading scientists have contributed ideas and solutions on climate change response and greenhouse gas reduction towards net-zero emissions in Vietnam in 2050, during the ongoing 2023 VinFuture Sci-Tech Week in Hanoi.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
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.
