Helping businesses overcome ‘green barriers’
Amid increasingly stringent environmental standards in global trade, Hai Phong businesses need to accelerate green transformation to maintain their competitiveness.
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New rules
With nearly 50 years of experience in industrial material manufacturing, Minh Duc Chemical JSC in Bach Dang Ward is among the businesses that have invested early in technology towards reducing emissions.
In recent years, the company has invested in a CO₂ recovery system that captures emissions generated by industrial lime kilns for reuse as a production input. The solution not only helps reduce emissions, dust and odors but also creates additional value for the company’s products.
Trinh Doan Truong Giang, Secretary General of the Hai Phong Logistics Association, said Hai Phong is the largest import-export gateway in northern Vietnam. As major markets such as the EU introduce the Carbon Border Adjustment Mechanism (CBAM) and increasingly stringent green standards, pressure to go green is no longer limited to manufacturing facilities but is rapidly extending across entire supply chains and the transport sector. Therefore, logistics businesses seeking to remain part of global supply networks must gradually reduce emissions from transportation, warehousing and logistics operations.
According to Dr. Pham Hoang Luong, Vice Chairman of the Vietnam Clean Energy Association, as international markets increasingly impose requirements related to sustainable development and greenhouse gas reduction, new regulations such as CBAM are becoming “technical barriers” that directly affect the competitiveness and market expansion of manufacturing and export businesses, including those in Hai Phong.
Accompanying businesses
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Dao Thi Kim Ngan, Chairwoman of the Hai Phong Small- and Medium-sized Enterprises Association, said CBAM and green standards will certainly create considerable pressure in the short term. However, if businesses proactively adapt, these requirements will create opportunities to improve the quality of growth, build green brands, increase export value and strengthen their position in global supply chains.
The association has actively coordinated with relevant agencies and sectors to organize workshops and training programs to guide its members in responding to new international standards like CBAM, thereby accelerating green transformation and improving competitiveness.
According to Nguyen Quoc Huy, Head of the Industrial Management Division under the Department of Industry and Trade, the city’s support policies over the past time have created more favorable conditions for businesses to develop, particularly in green transformation, digital transformation and innovation.
In the coming time, the department will continue to improve the effectiveness of surveys and assessments of businesses’ current conditions, thereby advising on support policies that are practical and aligned with businesses’ needs and capacity to absorb support.
As green standards increasingly become new “barriers” in international trade, proactive transformation has become an immediate requirement for businesses. With a strong support ecosystem, an appropriate roadmap and a proactive business community, these “green barriers” can become a driving force for Hai Phong businesses to enhance competitiveness, maintain export markets and move deeper into global value chains.
HA MINH