Hanoi, Dec. 21 -- Green transition is no longer an option; rather, it has become a top strategic priority for businesses, especially as Vietnam has committed to achieving net-zero emissions by 2050.

At present, domestic enterprises are facing great pressure from international regulations such as the European Union (EU)'s Carbon Border Adjustment Mechanism (CBAM) and environmental, social and governance (ESG) standards. Given this, strong State support through appropriate policies are required to accompany businesses in accelerating an efficient green transition, thereby turning challenges into opportunities, promoting a green economy, and creating momentum for sustainable growth.

Dual benefits of green transition

Green transition refer...