Hanoi has directed municipal departments to implement government guidelines for classifying green projects, circular economy initiatives, and Environmental, Social, and Governance (ESG) frameworks, paving the way for eligible businesses to access interest rate subsidies.
While investing in sustainable factories requires significant capital, it is considered an irreversible journey that promises long-term benefits for both the economy and the environment.
The building of Vietnam’s carbon market’s institutional, technical, and regulatory foundations has proceeded apace since the carbon exchange came into being on June 29, a recent forum heard.
The EU-Vietnam Free Trade Agreement (EVFTA) is an agreement inclined towards sustainable development. The EU’s CBAM (Carbon Border Adjustment Mechanism) has posed a new challenge for Vietnam’s exports to enter the EU market.
Companies are being urged to face up to the challenge of committing to sustainability while also offering up viable ventures.
Vietnam will need about 400 billion USD between now and 2040 to respond to climate change, according to the Climate Change Department under the Ministry of Natural Resources and Environment.

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