Log in
Econ

EU requires Vietnamese exports to meet green standards

"Green goals" require huge investments, which will be a challenge not only for Vietnam but also for Europe.

The EU will require Vietnamese exports to meet the environmental requirements of the European Green Deal, the European Union's flagship strategy aiming to make the continent carbon neutral by 2050.


 Vietnamese agricultural products are displayed at AEON supermarket in Hanoi. Photo: Hoai Nam/The Hanoi Times

The Ministry of Industry and Trade highlighted this requirement in the context that the number of Vietnamese goods exported through overseas distribution networks is increasing. 

In recent years, Vietnamese agricultural products such as lychee, dragon fruit, bananas, and fish sauce have been sold in large supermarkets in France, Australia, the United States, Japan, and Thailand.

As the EU is a major market for Vietnamese exports,  the approval of this sustainability-oriented policy will create new challenges and opportunities for Vietnamese businesses, according to the Ministry of Industry and Trade.

Nguyen Thi Hoang Thuy, Vietnamese Trade Counselor in Sweden, said the European Green Agreement will have an impact on the export of Vietnamese products to the EU, including textiles and garments, and footwear.


Thuy added that, in particular, the EU will require textile products to be manufactured using environmentally friendly materials and processes, as well as eco-labels on product packaging.

The eco-labeling regulation will also affect Vietnamese packaging producers and those using packaging for export products, she said, adding that agribusinesses must shift their production processes toward reducing waste and the use of harmful chemicals.

Thuy said that in order to export to the EU in general and the Nordic countries in particular, Vietnamese businesses must be well aware of the changes that the new European growth strategy will bring and asked them to be prepared to adapt to the challenges and maintain competitiveness in the EU market.

“The Vietnamese exporters need to embrace new trends to create more sustainable and environmentally friendly products,” she stressed.

According to Deputy Minister of Industry and Trade Do Thang Hai, in recent years, in order for Vietnamese products to penetrate the international retail system, a series of Vietnamese Products Weeks have been held in Japan and Europe. 

Through this activity, Vietnamese goods have been sold in hundreds of supermarkets in AEON's distribution network in Japan.

At a recent meeting in February, AEON TOPVALU Vietnam general director Shiotani Yuichiro said that from 2022, the Japanese retailer will source bananas from Vietnam instead of the Philippines.  Vietnamese bananas have received good responses from customers, who said the taste of this Vietnamese fruit is better than those from other countries. 

He added that this is because Vietnamese bananas are grown according to a circular manufacturing system in which the producer applies an integrated model of aquaculture and livestock farming, and then uses the fertilizer from the model to fertilize the banana trees. 

With this closed model, the amount of waste is almost zero, meeting AEON's environmentally friendly manufacturing standards, Shiotani Yuichiro underlined, adding that the Japanese retailer will increase the import volume of Vietnamese bananas into its distribution system. 

Statistics from Vietnam's General Department of Customs showed that, in 2022, trade turnover between Vietnam and the EU reached $61.3 billion, of which the value of Vietnam's exports to the EU hit $46.06 billion, while imports from the EU amounted to $15.26 billion.

Reactions:
Share:
Trending
Most Viewed
Related news
Real estate firms sell bonds worth $402 million in May

Real estate firms sell bonds worth $402 million in May

Real estate companies have raised $862 million from bond issuance in April and May, thanks to an improved business environment and better access to funding.

Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.