28.9 C
Ho Chi Minh City
Sunday, April 27, 2025

CATEGORY

In the news

Adapting to the global trend

As countries and territories worldwide aim for carbon neutrality by 2050, carbon pricing policies are emerging as a crucial tool in achieving this target. By proactively adapting to this global trend, businesses can optimize costs while fulfilling environmental expectations of customers and investors. Carbon pricing Carbon pricing has emerged as a vital policy tool for addressing climate change in many countries and territories. The first carbon tax was introduced by Finland in 1990. By May 2020, 82 carbon tax initiatives were launched across 48 countries and territories. Beyond individual national policies, the European Union introduced carbon taxation in 2005 and, more recently, initiated the Carbon Border Adjustment Mechanism (CBAM). Piloted from October 1, 2023, and set for full implementation by 2026, CBAM imposes carbon tax on certain goods shipped to the EU, based on their production-related greenhouse gas emissions. Initially, this mechanism targets six sectors: iron and steel, aluminum, cement, fertilizer, electricity, and hydrogen. If a domestic carbon pricing system is implemented with industry emissions remaining at current levels, the EU’s CBAM alone could decrease Vietnam’s GDP by up to US$6.4 billion in 2030 and US$11.1 billion in 2035, according to the Ministry of Industry and Trade. The impact could […]
To read more, please click here.

Tet insights from ESG perspective

As Vietnam welcomes the Lunar New Year, or Tet, with its vibrant festivities, it is a time for hope, renewal, and togetherness. This cherished...

The inevitable choice

Centuries or even a few decades ago, discussions about the economy often revolved around the extraction of resources, the production of goods, and their...

A journey within

Leaving behind the fast-paced world of Wall Street for the intricate verses of Vietnamese literature, Dr. Jaipal K. Tuttle, a physicist and lecturer at...

Building bridges through culture

For Milena Padula, the spouse of the Italian consul general in HCMC and President of the Consular Club HCMC, Vietnam is more than just...

Charting the path to fruitful cooperation

The silver-and-blue metro trains gliding through HCMC’s skyline early this year are more than a practical solution for the city’s 10 million residents. They...

Growth opportunities from fresh internal movements

Beyond “natural” growth, Vietnam is expected to find fresh opportunities through its strong determination for institutional reform and resolute leadership. “This is not just...

Economic growth in harmony with nature

Humanity stands at a pivotal moment: continue extracting natural resources in an unsustainable way or transition to a future rooted in balance and sustainability With...

Getting creative with Tet delicacies

As January unfolds, the spirit of Spring fills the air, and Tet, the Vietnamese Lunar New Year, approaches with vibrant anticipation. This year, the Year...

A Japanese touch in Saigon

When Shoto Oka, a Japanese hairstylist, first arrived in Vietnam in 2020, he was not just seeking an adventure; he was looking for an...

Latest news

spot_img