Climate change compels Vietnamese firms to restructure: Report
Along with its challenges, Vietnamese companies see climate change as an opportunity to speed up restructuring, reorganise production, and create new products and technologies, according to a report from the Vietnam Chamber of Commerce and Industry (VCCI) and the Asian Foundation released on September 16.
At the at the report launch ceremony (Photo: VCCI)
Hanoi (VNA) - Along with its challenges, Vietnamese companies seeclimate change as an opportunity to speed up restructuring, reorganise production,and create new products and technologies, according to a report from theVietnam Chamber of Commerce and Industry (VCCI) and the Asian Foundation releasedon September 16.
The “Adapting to Succeed: Assessing the Impact of Climate Change on VietnameseBusinesses” report revealed that local companies find it necessary to respondto natural disasters and climate change and a large number have adjusted theirbusiness plans, upgraded production technologies, and taken out insurance toprotect themselves against natural disasters.
They are also now more willing to invest in improving compliance with environmentalregulations. In particular, one business is ready to set aside 7.32 percent ofits operational costs to go greener, the report revealed.
Speaking at the launch ceremony, VCCI President Vu Tien Loc said Vietnam isamong ten countries hit hardest by climate change, and severe climate conditionshave had a critical impact on local business, as they cause disruptions to transportnetworks, increase production costs, and create shortages in material supplies,eventually bringing business to a standstill.
The business community must work together towards a greener, cleaner, and moresustainable economy, he said, adding that with their creativity, Vietnamese companieswill have an important voice in promoting activities to respond to climatechange.
The Vietnamese Government has worked to complete the legal framework toencourage environmental protection and sustainable development in recent years.
The report collected the opinions of 10,400 enterprises across the country. It isbilled as the largest business survey on the impact of climate change onVietnamese companies to date./.
Climate change mitigation and adaptation, marine waste management, environmentally sustainable cities, and air and water pollution are among cooperation areas targeted by Vietnam and Japan in the time ahead.
The Mekong River Commission (MRC) Secretariat and Facebook on August 31 launched a collaboration initiative to provide early flood alert and drought monitoring information to riparian communities and governments in the Lower Mekong region.
The Ministry of Planning and Investment (MPI) held a teleconference on August 31 to look into orientations for making plans on socio-economic development and public investment in the southeastern and Mekong Delta regions in the next few years.
Key economic regions were urged to maximise their potential and competitive advantages as well as promote innovations to drive regional and national growth, according to a Government resolution on solutions to strengthen the development of key economic regions.
Floodwater levels in the Cuu Long (Mekong) Delta are high and will continue to rise this month, especially in upstream areas, according to the hydraulic works management and construction department of the Ministry of Agriculture and Environment.
Conservation efforts to restore habitat and boost the population of red-crowned cranes in Tram Chim National Park are finally showing progress, with the cranes and many other rare wild birds coming back to the park.
Torrential rains from the night of July 31 to early August 1 triggered flash floods and landslides across several communes in Dien Bien province, leaving at least two people dead and eight others missing.
Transitioning to a circular economy not only offers a sustainable development path for Ho Chi Minh City but also serves as a pivotal step toward establishing a fully green economy.
An exhibition featuring 100 green, recycled, and circular economy models and products from 50 businesses and educational establishments took place in Ho Chi Minh City on July 31, as part of the local green transition forum and recycle day 2025.
Regional solidarity and cooperation are the key factor for the effective implementation of wildlife protection regulations. Only through sustainable cooperation, innovative approaches, and collective action can biodiversity be safeguarded for the present and future generations, an Vietnamese official has said.
Hanoi has approved a comprehensive plan to restore the environmental quality and develop four major urban rivers – the To Lich, Kim Nguu, Lu, and Set reverine environments.
The Javan pangolin is listed in Vietnam’s Red Book as critically endangered and is protected under Group IB – a category reserved for forest species facing an extremely high risk of extinction and requiring strict conservation measures.
As a key member of the core group of 18 countries, initiated by Vanuatu, Vietnam engaged in advocating for the UN General Assembly’s Resolution N.77/276, requesting for the ICJ’s advisory opinion. Following the resolution's adoption, Vietnam fully participated in all procedural steps for the first time, from submitting written proposals to presenting directly at the court’s hearings.
The wild elephant population in Da Nang includes a full developed herb of mature males, females, and calves. To date, the herd has grown to nine individuals.
Conservation efforts here have become a model, helping to save millions of turtle hatchlings and promoting Con Dao as a member of the Indian Ocean-Southeast Asia Turtle Site Network.
As part of its drive to fulfil its net zero emissions commitment by 2050, Vietnam is fast-tracking the development of a legal corridor to launch a pilot carbon market by the end of 2025, according to the Department of Climate Change.
Under the plan, from 2025 to 2026, the city will complete mechanisms and policies to support businesses in switching to green vehicles, expand the electric and green-energy bus network, and build charging stations. The targeted proportion of green buses is set at 10% in 2025 and 20–23% in 2026.
Storm Comay, the fourth in the East Sea this year, was at around 16.7 degrees North and 118.3 degrees East, in the east of the East Sea's northern waters as of 4am on July 24.
The disaster risk warning level for flash floods, landslides, and ground subsidence due to heavy rains and flows is rated at level 1, except in Nghe An, where it is raised to level 2.
At the at the report launch ceremony (Photo: VCCI) 
