Key Takeaways: Embracing the Green Transition
At a thought-provoking seminar, “Green Transition – Vital Task for Businesses,” held as part of the launch of a series of events themed “Green Transition – Joining Hands for a Sustainable Vietnam,” Lai Van Manh, Head of the Economic, Natural Resources, and Environment Department, emphasized the critical role of businesses in embracing sustainable practices. The event underscored the urgency of shifting from traditional to eco-friendly production methods.
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| Businesses Embrace the Challenge of Green Transition |
Dr. Tran Cong Thang, Director of the Institute for Agricultural and Environmental Policy Strategy, echoed the importance of this transition, highlighting three key considerations for businesses. First, they must understand the mandatory market requirements for going green. Second, businesses should be proactive in technological innovation to stay ahead of changing market policies. Third, corporate social responsibility and environmental protection must take center stage, with a focus on training employees with the skills needed for a green economy.
A Collective Effort
Experts agree that the green transition is imperative for businesses and nations alike, including Vietnam. It is a key strategy for Vietnam to achieve its commitment to net-zero emissions by 2050. However, a successful transition requires significant investment in technology, machinery, and processes, along with a shift in mindset. Many small and medium-sized enterprises (SMEs) may struggle without policy support and access to preferential financial resources.
| For a successful green transition, businesses must not only raise awareness but also prioritize training their workforce with the skills needed for a green economy. |
The Rise of Vietnamese Products: From Villages to Global Markets
Many Vietnamese brands, including VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax, have been making significant strides in the local and global markets. These companies have not only steadily increased their market share domestically but have also successfully expanded their export markets. They have simultaneously built robust production and value chains, all while contributing to the country’s economic growth.
Tan Hiep Phat partners with global leaders to enhance recycling and eco-friendly manufacturing
Husky Technologies, the frontrunner in providing cutting-edge plastic injection molding solutions, has been partnering with Tan Hiep Phat since 1993 to deliver top-of-the-line technology for their inaugural PET preform production system. In a recent milestone, Husky played a pivotal role in empowering Vietnam’s premier beverage company to make significant strides in their recycling and lightweighting endeavors.
Cooperation Opportunities for Green Transformation in Vietnamese-Swiss Businesses
The presence of the Prime Minister of Vietnam at the 54th Annual Meeting of the World Economic Forum in Davos and his engagement with Swiss businesses will create numerous collaboration prospects for Vietnamese enterprises, particularly in terms of green transformation.
Octa’s Local Impact: CSR Initiatives in 2023
In 2023, Octa, the international broker, went beyond financial endeavors. It made a meaningful impact through a range of corporate social responsibility initiatives across the globe.
Denmark and Vietnam Collaborate for Green and Agricultural Production Opportunities
Nine Danish agri-food companies have arrived in Vietnam with the intention of exploring potential partnerships in the fields of agriculture and sustainable food production. Their primary objective is to identify opportunities for collaboration and growth within the Vietnamese market, leveraging their expertise and knowledge in the agri-food industry. By engaging with local businesses and stakeholders, these Danish companies aim to contribute to the development of sustainable and environmentally friendly food production practices in Vietnam. Through this visit, they hope to establish long-term partnerships that will foster mutual growth and create a positive impact on the agricultural sector in both countries.
