The move aims to eradicate illicit dumping of industrial solid waste or scrap into the environment, while maximizing sorting and recycling potential to feed recovered waste and scrap back into manufacturing supply chains as raw materials.
Vietnam’s efforts toward carbon neutrality and international institutions’ support for the transition offer various business opportunities, but challenges exist, writes Luong Phuong Mai from HSBC Vietnam's commercial real estate and wholesale banking division.
This strategic move is crucial for the nation to attain its target of net-zero emissions by 2050.
Vietnam is very much part of global efforts to lower emissions in the aviation sector.
In addition to their own efforts, businesses and industries are calling for stronger policy assistance to accelerate green transition, expand market access, and boost long-term competitiveness.
Developing renewable energy resources is expected to help Vietnam reach its target of carbon neutrality by 2050, according to insiders.

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