Sustainability will help VN exporters gain competitive edge in Europe: workshop
Lê Hoàng Tài, deputy general director of the Việt Nam Trade Promotion Agency, speaks at the Green Transition in Agricultural Production and Food, Promoting Exports to the EuropeanUnion in HCM City on November 13. — VNS Photo |
HCM CITY — Meeting green standards is no longer optional but it is now a key requirement for Vietnamese businesses to maintain and expand access to the EU market, a workshop heard in HCM City on November 13.
Speaking at the workshop Green Transition in Agricultural Production and Food, Promoting Exports to the EU, Jean-Jacques Bouflet, vice chair in charge of advocacy at the European Chamber of Commerce in Vietnam (EuroCham), said the EU’s Green Deal sets an agenda for a sustainable future.
Central to this are policies such as the “Farm to Fork Strategy” and the EU Deforestation Regulation, he said.
Compliance with these regulations is mandatory but also offers Vietnamese businesses a valuable opportunity to integrate further into the global supply chain, he said.
“To align with these evolving standards, businesses must first focus on enhancing sustainability in their production processes.”
Another crucial step is obtaining internationally recognised certifications for good agricultural practices, environmentally friendly farming and social responsibility, he said.
“These certifications not only open doors to the European market but also build trust and confidence among buyers and consumers, who are more conscious than ever about the origins and sustainability of the products they purchase.”
The EU places great emphasis on transparency and traceability across the supply chain, and Vietnamese enterprises must establish robust systems that enable them to track their products from farm to fork, he claimed.
Leveraging modern technologies such as blockchain can enhance this traceability, ensuring that every stage of the production process is transparent, which is particularly important under the Deforestation-Free Products Regulation, where proof of sustainable sourcing is mandatory, he said.
Foreign trade visitors visit Foodexpo 2024 that is being held at the Saigon Exhibition and Convention Centre in HCM City to seek supply sources. Meeting green standards is no longer optional but a key requirement for Vietnamese businesses to maintain and expand access to the EU market. —VNS Photo |
He called on Vietnamese businesses to prepare for future requirements related to carbon reporting, saying that, while the EU’s CBAM currently targets industrial sectors, it is likely to expand to agriculture in future.
While the challenges posed by these new green standards are significant, they also present an “incredible opportunity,” he said.
“Enterprises that embrace sustainability can gain a competitive edge in the European market, where consumers are willing to pay a premium for products that align with their values.
“Beyond compliance, adopting green standards enhances brand reputation and positions Vietnamese products as leaders in sustainability, not just in Europe but globally.”
Laurent Lourdais of the EU Delegation to Việt Nam referred to the stringent standards the EU applies to imported agricultural and food products, saying Vietnamese businesses need to constantly innovate production processes, ensuring environmental and social criteria are met, to maintain a presence in the market.
He suggested that they should build sustainable supply chains and strengthen traceability to meet the growing expectations of European consumers.
Lê Hoàng Tài, deputy general director of the Việt nam Trade Promotion Agency, said the EU is one of Việt Nam's leading trade and investment partners.
He highlighted the role of the Vietnam – EU Free Trade Agreement and the EU-Việt Nam Investment Protection Agreement, which facilitate trade and investment with and technology transfer from the EU.
In the first three quarters of this year, bilateral trade topped US$50.34 billion, with Việt Nam achieving a trade surplus of $25 billion, a 20 per cent increase over the previous year.
Its agricultural exports to the EU exceeded $840 million, up 50 per cent year-on-year.
Tài also said Việt Nam is actively fulfilling its COP26 commitments and aiming for Net Zero by 2050 through the National Green Growth Strategy.
The Ministry of Industry and Trade will help businesses adopt ESG standards, promoting trade, investing in green technology, and advancing sustainable production models to enhance competitiveness and deepen integration into the global value chain.
Executives from two local firms, Vinasoy and Betrimex, spoke about their employers’ strong commitment to sustainable development through high-tech applications and resource optimisation.
Vinasoy’s investment in a zero-waste production process (Okara) has enabled it to optimise soybean use and minimise waste in plant-based milk production while meeting green standards.
Betrimex has focused on maximising the value of coconuts, minimising waste, implementing carbon offset projects, and renewable energy. The company also promotes sustainable and digitalised farming models to support farmers, aiming to increase their incomes and generally improve rural livelihoods.
These efforts not only help reduce environmental impacts but also enhance export value, strengthening the position of Vietnamese products in the international market.
The event also witnessed the signing of a memorandum of understanding between the Centre for Information Technology Application and Digital Transformation in Trade Promotion under Vietrade, Tridge (South Korea), and Vietnam Omnichannel Trade Promotion JSC for promoting the export of Vietnamese agricultural and food products through modern digital platforms.
The workshop was organised by the Ministry of Industry and Trade in collaboration with the European Commission as part of the Vietnam International Food Industry Exhibition 2024 being held in HCM City.
See also
Garment makers pin hopes on coming year-end shopping season
17:04 | 14/11/2024 Economy
Ample opportunities await Vietnamese exporters in South Asia: Workshop
16:20 | 14/11/2024 Economy
HCM City ranks third in Southeast Asia for startup ecosystem value: report
16:10 | 14/11/2024 Economy
See more news
RoK to build a cold chain logistics centre in Hải Phòng
16:01 | 14/11/2024 Economy
Night flights added at six airports to serve Tết travel demand
15:56 | 14/11/2024 Economy
Easing monetary policy continues bolstering domestic stock market
14:51 | 14/11/2024 Economy
Việt Nam solidifies its global position through WTO integration
14:35 | 14/11/2024 Economy
Algeria seeks cooperation opportunities with Vietnam in hi-tech agriculture
16:55 | 13/11/2024 Economy
Dual transition is an inevitable trend for Vietnamese business
16:29 | 13/11/2024 Economy
UK stands ready to boost Việt Nam's international financial hub
16:21 | 13/11/2024 Economy
Việt Nam's digital economy continues to record double-digit growth: Report
16:15 | 13/11/2024 Economy
Major Vietnamese economic highlights in 10 months
16:35 | 12/11/2024 Economy
SBV curbs foreign currency hoarding, dollarisation
16:29 | 12/11/2024 Economy
Garment makers pin hopes on coming year-end shopping season
17:04 | 14/11/2024 Economy
Viettel launches the world’s first O-RAN 5G Network
16:59 | 14/11/2024 Science - Technology
Quảng Ninh to attract more foreign tourists by year-end
16:52 | 14/11/2024 Tourism
Seminar helps fashion businesses identify future consumers
16:47 | 14/11/2024 Culture
Ample opportunities await Vietnamese exporters in South Asia: Workshop
16:20 | 14/11/2024 Economy
Multimedia
Vietnam actively contributes to APEC
08:59 | 14/11/2024 Infographic
Vietnam’s national brand value reaches 507 billion USD in 2024
17:06 | 11/11/2024 Infographic
Vietnam-Chile Comprehensive Partnership
09:51 | 10/11/2024 Infographic
Vietnam manufacturing returns to expansion
13:31 | 09/11/2024 Infographic
Vietnam's key contributions to ACMECS
11:02 | 07/11/2024 Infographic
PM urged parliament to pass legislation to ensure sufficient electricity, restart nuclear projects
09:47 | 13/11/2024 Policy
New policy drafted to help non-bank credit institutions develop further
17:13 | 12/11/2024 Policy
Việt Nam to stiffen regulations on violating social network platforms
16:23 | 12/11/2024 Policy
Party leader of Việt Nam holds phone talks with President-elect of US
08:55 | 12/11/2024 Policy
Foreign investors expand chip packaging footprint in Viet Nam
16:17 | 14/11/2024 Industry
Construction material industry's revenue to reach 47 billion USD
11:40 | 13/11/2024 Industry
Footwear industry eyes UKVFTA to bolster exports
10:00 | 11/11/2024 Industry
North-South express railway – driving force to spawn new support industries
17:09 | 08/11/2024 Support industries
Bac Giang prioritises high-tech FDI projects, services industry
17:04 | 12/11/2024 FDI
Vietnam draws new wave of high-value investments: Savills
19:30 | 10/11/2024 Investment
Hanoi attracts 1.6 billion USD in FDI in ten months
15:18 | 07/11/2024 Investment
Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion
16:16 | 04/11/2024 Investment
UK stands ready to help Vietnam build international financial hub
17:13 | 13/11/2024 Finance-Banking
S&P affirms Techcombank’s BB- rating
10:10 | 11/11/2024 Finance-Banking
Tax sector fulfils nearly 95% of state budget collection target
15:38 | 09/11/2024 Finance-Banking
Việt Nam's stock market moves closer to emerging market status amid key policy changes
18:05 | 06/11/2024 Stock Market
Hà Nội requires comprehensive emission data to develop effective air pollution control plan
15:03 | 14/11/2024 Environment
Vietnam looks towards Net Zero goal in agriculture
17:25 | 12/11/2024 Environment
Holistic approach needed to improve glass recycling
11:31 | 12/11/2024 Environment
Storm Toraji intensifies and moves northwest in East Sea
08:58 | 12/11/2024 Environment
Viettel launches the world’s first O-RAN 5G Network
16:59 | 14/11/2024 Science - Technology
4G mobile network coverage reaches 99% of Vietnamese population: Minister
16:51 | 13/11/2024 Science - Technology
Quang Ninh to host 3rd Vietnam Int'l Digital Week next week
17:11 | 12/11/2024 Science - Technology
Việt Nam's new fast track policies to boost high-tech investment environment set for approval
09:33 | 09/11/2024 Science - Technology
Night flights added at six airports to meet rising travel demand during Tet
15:12 | 14/11/2024 Society
Vietnamese universities strive to attract international students
11:43 | 13/11/2024 Society
Social network users must authenticate accounts from December 25
17:10 | 12/11/2024 Society
Long Thanh Airport’s runways expected to be completed three months ahead of schedule
15:57 | 12/11/2024 Society
Hà Nội to host large-scale international fair for key industrial products in 2025
16:54 | 12/11/2024 Vietnamese Brands
Agriculture, craft village festival to be held in Hà Nội
16:49 | 12/11/2024 Vietnamese Brands
Vietnamese Goods Week brings vibrant showcase to Thai province
10:16 | 08/11/2024 Vietnamese Brands
Sóc Trăng’s ST25 fragrant rice awarded 5-star OCOP rating
11:05 | 07/11/2024 Vietnamese Brands
Seminar helps fashion businesses identify future consumers
16:47 | 14/11/2024 Culture
Kiên Giang to host Khmer cultural festival
16:45 | 13/11/2024 Culture
Two Vietnamese artists nominated for Grammy Awards
17:02 | 12/11/2024 Culture
Great Solidarity of Ethnic Groups Week to take place next week
09:55 | 08/11/2024 Culture
Quảng Ninh to attract more foreign tourists by year-end
16:52 | 14/11/2024 Tourism
Vietnam promotes int’l cooperation in MICE tourism development
14:47 | 14/11/2024 Tourism
2025 Nha Trang – Khanh Hoa Sea Festival to spotlight cultural heritage space
17:04 | 13/11/2024 Tourism
Việt Nam to welcome more international cruise ship tourists
16:36 | 13/11/2024 Tourism