Plastic recycling vietnam

The collaboration leverages sustainable aviation fuel (SAF), an advanced alternative to conventional jet fuel. By investing in the GoGreen Plus service, ACB is poised to reduce its carbon emissions by an estimated 14 tonnes in the coming year. Ngo Tan Long, deputy CEO of ACB, underlined the bank's steadfast commitment to offering high-quality international payment services. "By partnering with DHL on the GoGreen Plus initiative, we not only aim to enhance value for our clients but also bolster our commitment to sustainable development, amplified through the concerted efforts of DHL and our dedicated customer base," he said. ACB has been a frontrunner in intertwining its business strategy with sustainable development, adhering to Environmental, Social, and Corporate Governance (ESG) guidelines. Its operations strike a balance between short-term outcomes and long-term sustainable growth, with a focus on creating value for all stakeholders. In 2022, ACB achieved a commendable … [Read more...] about ACB and DHL Express form strategic partnership on green fuel

The European Union is slated to pilot the Carbon Border Adjustment Mechanism (CBAM) from October, aligned with its vision of achieving carbon neutrality by 2050. How do you anticipate the CBAM to impact Vietnam? Melissa MacEwen, sustainability and circular economy director for PwC in Asia-Pacific There are five key sectors under which products are going to be affected, and when products from those areas are imported into the EU, there will be checks based on emissions intensity. This will require independent verification, something which Vietnamese enterprises must prepare for. There are regulations in Vietnam regarding reduction of greenhouse gas emissions and protection of the ozone layer, but they do not yet include independent verification. The CBAM is also an opportunity to keep money within the country. Taking Thailand as an example, this country actually already responded to the potential impact of the CBAM on its sectors and is applying a tax on the same … [Read more...] about Businesses becoming active in the circular economy

A component warehouse of a support company in Đồng Nai Province. The industry has around 5,000 companies up and running currently. — VNA/VNS Photo Hồng Đạt Việt Nam's support industry has grown steadily over the past decade to around 5,000 companies, producing components for domestic demand and exports. That remark was made by Phạm Tuấn Anh, Deputy Director General of Industry Agency, Ministry of Industry and Trade, at the workshop "Easing hurdles and boosting the resilience of the support industry" on Friday. He said the companies spared no effort in capacity-building to move up the supply chain. Around 100 had become tier-1 vendors for multinational heavyweights, and 700 had established themselves as tier-2 and tier-3. "Of the companies, Samsung has chosen about 50 as its tier-1 and 170 as tier-2," said Anh. Their growing roles in the supply chain led to higher ratios of made-by-Vietnam components being used in assembly lines. For instance, the ratios have reached between … [Read more...] about Measures to move support industry forward