Green economy is an inevitable trend as the world grapples with environmental issues and climate change. This trend is shaping new environmental and sustainable development standards set by importing markets and regulated by importers.
The Vietnamese Government has committed to reducing emissions by 15.8% by 2030 using domestic resources at the COP26 Climate Summit. As a result, various ministries, departments, sectors, and business groups have joined forces to achieve this goal.
The European Union (EU) is implementing new measures on imports and exports to protect the environment, including:
Businesses undertaking green transformation through sustainable development projects can issue green bonds, sell carbon credits, and attract interest from banks, shareholders, and investment funds. This helps reduce the weighted average cost of capital (WACC), improve profit margins, and enhance the brand of the business
66% of global consumers state that they are willing to pay more for products and services from environmentally responsible businesses (Nielsen 2021). Green transformation helps businesses enhance competitiveness, expand market share, and retain existing customers and partners
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