The scientific conference “Carbon border adjustment mechanisms and impacts on Vietnam” discussed the impact of CBAM on Vietnamese businesses and solutions to adapt to this new mechanism.
Foreign Trade University coordinated with the International Institute for Sustainable Development to organize a scientific conference “Carbon border adjustment mechanisms and impacts on Vietnam”. The conference is a forum for scientists, representatives of state agencies, researchers, lecturers, businesses, policy-making agencies as well as other stakeholders to discuss issues related to work. carbon border adjustments and the impact of these policies on Vietnamese businesses.
Scientific conference “Carbon border adjustment mechanisms and impacts on Vietnam”
The Carbon Border Adjustment Mechanism (CBAM) is a policy under the European Green Deal. The EU is currently Vietnam’s third largest export market. Therefore, the EU’s import-related policies all more or less impact Vietnam’s export businesses. Experts assess that cement, iron and steel, aluminum, fertilizer, hydrogen and electricity are the first sectors affected by CBAM. Therefore, these businesses need to prepare and plan to face the new EU mechanisms.
Although the CBAM mechanism is a big challenge for some export industries, it is also a motivation for businesses to proactively transform green, towards sustainable development standards. The export market’s application of taxes on carbon-emitting goods not only promotes businesses directly exporting to green transformation but is also a motivation for other businesses to participate in the carbon credit market. This is a potential trading market and will be vibrant in the near future, creating added value for businesses.
Below is information about the conference posted on the mass media:
- People’s Deputies Newspaper: “Foreign Trade University organizes a workshop on “Carbon border adjustment mechanisms and impacts on Vietnam”
- Ho Chi Minh City Television: “Scientific seminar “Carbon border adjustment mechanisms and impacts on Vietnam”
- Video News at Ho Chi Minh City Television Station: “Scientific conference: Carbon border adjustment mechanism and impact on Vietnam”
- Video Report at Ho Chi Minh City Television: “Carbon border adjustment mechanism: comprehensive impact on Vietnam’s economy”
- Information page of Foreign Trade University.
