Climate change compels Vietnamese firms to restructure: Report
Along with its challenges, Vietnamese companies see climate change as an opportunity to speed up restructuring, reorganise production, and create new products and technologies, according to a report from the Vietnam Chamber of Commerce and Industry (VCCI) and the Asian Foundation released on September 16.
At the at the report launch ceremony (Photo: VCCI)
Hanoi (VNA) - Along with its challenges, Vietnamese companies seeclimate change as an opportunity to speed up restructuring, reorganise production,and create new products and technologies, according to a report from theVietnam Chamber of Commerce and Industry (VCCI) and the Asian Foundation releasedon September 16.
The “Adapting to Succeed: Assessing the Impact of Climate Change on VietnameseBusinesses” report revealed that local companies find it necessary to respondto natural disasters and climate change and a large number have adjusted theirbusiness plans, upgraded production technologies, and taken out insurance toprotect themselves against natural disasters.
They are also now more willing to invest in improving compliance with environmentalregulations. In particular, one business is ready to set aside 7.32 percent ofits operational costs to go greener, the report revealed.
Speaking at the launch ceremony, VCCI President Vu Tien Loc said Vietnam isamong ten countries hit hardest by climate change, and severe climate conditionshave had a critical impact on local business, as they cause disruptions to transportnetworks, increase production costs, and create shortages in material supplies,eventually bringing business to a standstill.
The business community must work together towards a greener, cleaner, and moresustainable economy, he said, adding that with their creativity, Vietnamese companieswill have an important voice in promoting activities to respond to climatechange.
The Vietnamese Government has worked to complete the legal framework toencourage environmental protection and sustainable development in recent years.
The report collected the opinions of 10,400 enterprises across the country. It isbilled as the largest business survey on the impact of climate change onVietnamese companies to date./.
Climate change mitigation and adaptation, marine waste management, environmentally sustainable cities, and air and water pollution are among cooperation areas targeted by Vietnam and Japan in the time ahead.
The Mekong River Commission (MRC) Secretariat and Facebook on August 31 launched a collaboration initiative to provide early flood alert and drought monitoring information to riparian communities and governments in the Lower Mekong region.
The Ministry of Planning and Investment (MPI) held a teleconference on August 31 to look into orientations for making plans on socio-economic development and public investment in the southeastern and Mekong Delta regions in the next few years.
Key economic regions were urged to maximise their potential and competitive advantages as well as promote innovations to drive regional and national growth, according to a Government resolution on solutions to strengthen the development of key economic regions.
Mariam Sherman, World Bank Country Director for Vietnam, Laos, and Cambodia, said the World Bank remains committed to working with the Vietnamese government to develop the next phase of climate resilience and transformation for the Mekong Delta.
Under the directive, the PM instructed relevant agencies to regularly inspect, supervise and proactively implement disaster prevention, response and rescue measures in line with their assigned roles and mandates, ensuring readiness, avoiding passivity or delays, and maintaining operational continuity amid ongoing political and administrative restructuring at levels.
According to Dr. Vu Anh Tuan, Deputy Director General of the Vietnam Space Centre and head of the project, this is the first study in Vietnam to simultaneously employ Sentinel-2 satellite data, advanced machine learning algorithms, and the Google Earth Engine (GEE) cloud computing platform to model and monitor key seawater quality parameters.
The Deposit Return System is seen as a potential instrument for effectively advancing Vietnam’s vision of a circular economy, as outlined in Article 142 of the 2020 Law on Environmental Protection.
The figures were highlighted in a Pre-Feasibility Study on a DRS tailored for single-use beverage packaging in Vietnam, conducted by Eunomia Research & Consulting.
Young people should not view AI as salvation but rather as a tool under human control. Young creators should focus on learning and accumulating practical knowledge, using AI as a tool to carry out artistic projects in the most effective and cost-efficient manner.
Saigon Hi-Tech Park’s ambitious 50% renewable energy goal far exceeds the city’s 15% target, positioning the park as a trailblazing “living lab” for sustainable energy solutions.
Vietnam's economic losses from natural disasters are estimated to account for 1 to 1.5% of GDP annually - a steep price that will continue to rise unless the country takes strong action.
Wutip, the first storm in the East Sea so far this year, has wreaked havoc across central Vietnam, claiming lives, displacing residents, and causing widespread damage to houses, crops, and infrastructure, the Department of Dyke Management and Disaster Prevention and Control reported as of 6:30 pm on June 13.
The tremor occurred at 7:39:46 am (Hanoi time), with the epicentre located at latitude 14.924°N and longitude 108.236°E, at a depth of approximately 8.1 kilometres. The natural disaster risk level was classified as 0 – the lowest on the scale.
Addressing a session on “Accelerating Financing for Resilience: Tailored Solutions for Disaster Risk Reduction,” Deputy Minister Hiep emphasised Vietnam's proposal in building sustainable financing in response to natural disasters, which aligns with the Sendai Framework for Disaster Risk Reduction's goals.
Vietnam has demonstrated its strong commitments by participating in global sustainable development forums, signing multiple free trade agreements, and attracting support from international partners for the implementation of the SDGs.
The fight against plastic pollution could not succeed through isolated efforts, but it must be a collective endeavour involving the entire political system, businesses, citizens, and the international community, said Minister of Agriculture and Environment Do Duc Duy.
Lang Son Global Geopark, with its outstanding geological values, cultural heritage, and unique natural landscapes, represents a valuable addition to UNESCO’s global geoparks system.
In 2019, Quang Ninh became one of the first localities in Vietnam to launch a province-wide campaign against plastic waste, mobilising the participation of the political system, the business sector, and the general public. Other localities—such as Hai Phong, Da Nang, Binh Duong, and Ho Chi Minh City—have also effectively implemented waste-sorting initiatives at source, along with models for plastic-free markets and urban areas.
This year’s World Oceans Day on June 8 is themed 'Wonderful Oceans: Sustaining What Sustains Us', while World Environment Day is on June 5 with the theme: 'Beat Plastic Pollution'.
According to Director of the provincial Department of Agriculture and Environment Le Huu Toan, a fire prevention and control plan has been in place since the dry season began, including round-the-clock patrols and rapid-response teams to snuff out fires before they could spread.
Renowned artists including Ha Anh Tuan, Den Vau, and Phan Manh Quynh, along with many directors and attendees, took part in planting hundreds of rare tree species such as mun (Diospyros mun) and cho chi (Parashorea chinensis) in the Thung Bong area of the Cuc Phuong National Park, contributing to forest ecosystem restoration.
At the at the report launch ceremony (Photo: VCCI) 
