VN businesses need to embrace green practices to export to EU

HCM CITY — Vietnamese exporters must foster “sustainable and responsible corporate behaviour” throughout their global value chains to boost exports to the EU, experts have said. “The legislation will apply within the EU, but its effect will extend beyond the EU’s borders, even to Việt Nam,” he said. For Vietnamese exporters to the EU, it means there would be strong incentives to invest in ESG to enjoy low tariffs and easy access to the market, they added. Việt Nam committed to achieving net zero emissions by 2050 at the United Nations Climate Change Conference in 2021. Experts have said the path to green growth is not easy considering the low awareness of environmental protection in the business community.