Amidst the global push for stronger environmental policies, Vietnam’s key export sectors such as textiles and garments, footwear, steel, and electronics are facing increasing pressure from green regulations, carbon taxes, and carbon traceability requirements.
According to an article published by VnEconomy, markets like the European Union and the United States have begun implementing policies such as the EU Carbon Border Adjustment Mechanism (CBAM) expected to take effect in 2026, green passports for textile products, and mandatory carbon traceability for imported goods. These regulations are not just technical barriers—they directly impact the competitiveness of Vietnamese products in the global marketplace.
Minister of Industry and Trade Nguyễn Hồng Diên emphasized that after 15 years of implementation, the Law on Economical and Efficient Use of Energy has revealed certain limitations and now needs to be revised to better address emerging green policy challenges such as carbon emission taxation, carbon border adjustments, and carbon footprint tracking.
The lack of financial mechanisms to support businesses in complying with green requirements has made it harder for Vietnamese goods to remain competitive in export markets.
To tackle these challenges, Vietnam must consider revising the law to strengthen enforcement mechanisms and shift from voluntary to mandatory energy efficiency regulations. At the same time, it is essential to mobilize resources to support businesses in transitioning toward green and sustainable production, in line with the evolving demands of international markets.
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