The signed agreement has opened a new and promising period for localities, promoted cooperation, developed new and renewable energy as well as green growth. Also it brought many challenges.

The production line at Nichirin Vietnam Company Limited.

Bac Giang is considered a locality with a very open economy, so every new trend and development of the world economy has a strong impact on the local economy.

As an industrial development province attracting many large corporations and enterprises, the impact is even more obvious. Because these investors do multinational business and present in many countries around the world.

Currently, many countries participating in the FTA have initially established a cross-border carbon pricing mechanism, global trade and supply chains together with criteria of sustainable development, biodiversity, environmental protection, labor, human rights and anti-corruption.

Countries increase investment in green transformation and clean technology development; strengthen international links and cooperation in new fields.

EU countries which are the pioneers in the most comprehensive application of new standards have issued a series of measures to take effect within the next 2-3 years such as: Cross-border carbon adjustment mechanism; deforestation prevention and control act; regulations on supply chain appraisal. The above regulations have a profound impact on production and export, creating a number of immediate and long-term challenges for businesses nationwide in general and Bac Giang in particular.

Grasping the above regulations, Bac Giang has proactively developed green and renewable energy while striving to reach about 2.5 – 3 percent of the total primary energy supply by 2030. Accordingly, many businesses have invested in installing rooftop solar power.

Representative of Foxconn Group in Vietnam said that providing energy sources associated with green and sustainable goals is one of the solutions to increase the competitiveness of products. Therefore, the Group always encourages member businesses to use renewable energy in production and take care of workers' lives.

Together with Foxconn Group, many businesses in the province have paid attention to developing green and renewable energy, thereby saving costs and reducing product prices.

New regulations of advanced countries on imported goods are also an opportunity and motivation for the provincial enterprises to proactively and promptly grasp and adapt then transform the growth model towards greener and more sustainable way as well as promote the development of science, technology and innovation toward a higher position in the global value chain. 

Taking advantages of the opportunity and the FTA, some suggested local businesses to change their thinking and act immediately in order not to miss a beat when new mandatory regulations are about to be applied.

Forum discusses promotion of green production and consumption

The Ministry of Industry and Trade and VTC Digital Television jointly organised a forum entitled “Promoting sustainable production and consumption in the modern distribution system”, in Hanoi on August 1, as part of the events of the National action programme on sustainable production and consumption for the 2021-2030 period.

Vietnam ranks 28th globally in green building construction

With over 250 LEED-certified buildings constructed in the last decade, Vietnam is increasingly demonstrating the relevance of "green" aspect in construction.

Vietnam seeks stronger green finance ties with Luxembourg

A delegation of the Ministry of Finance (MoF) led by Minister Ho Duc Phoc paid a working visit to Luxembourg from July 5 to 8.

Bac Giang mobilizes resources for green energy development

(BGO) - According to the provincial Planning in 2021-2030 period with a vision to 2050, Bac Giang strives to provide over 2,300 MWp of rooftop solar power by 2030. To achieve this goal and implement the Government's direction, the province has actively implemented solutions to develop rooftop solar power and create green energy source.

Hero Green Co.,Ltd exports huge quantity of processed lychee to Australia

(BGO) – Hero Green Company Limited (Hero Green) in Dai Lam industrial cluster, Lang Giang district (Bac Giang province) has inked contract to export nearly 90 tonnes of processed lychees to Australia. It was the first time the company has exported big quantity of lychee to such potential market.