return icon

Businesses to take gas emission inventory in 2022

Vietnam from 2022 will produce gas emission inventory for five major fields. 

This is the result of a meeting to collect proposals and recommendations from environmental experts and nearly 200 enterprises for the draft decree about greenhouse gas reduction and ozone layer protection, held by the Ministry of Natural Resources and Environment (MONRE) and the Vietnam Chamber of Commerce and Industry (VCCI) on July 1.

Waste treatment at Da Phuoc Landfill in Binh Chanh District of Ho Chi Minh City. (Photo: SGGP)

Tang The Cuong, Head of the Climate Change Department under MONRE, shared in the meeting that as many nations are enthusiastically helping Vietnam to cope with negative effects of climate change, the country should determinedly decrease its gas emissions by 251 million tonnes of CO2 in 2030, equal to its total emissions in 2014.

Therefore, the Government has already introduced a necessary legal frame to carry out the three solutions to reduce greenhouse gas emissions, protect the ozone layer, and develop a carbon market in the five fields of energy, agriculture, industrial production activities, waste, land use and forest land use change.

Businesses in these fields are supposed to take gas emissions inventory beginning next year according to the standard set by MONRE in order to actively reduce CO2 release.

Enterprises participating in the meeting voiced their concerns over the complexity of newly established administrative procedures related to this inventory taking.

Chairman of Vietnam Automobile Transportation Association Nguyen Van Quyen stated that there is no need to form a Center for Gas Emission Inspection because there exist other state-owned inspection facilities, which can normally check gas emission of vehicles using the EURO 4-5 Standard for new vehicles. Instead, more attention should be paid to the development of a proper route for old automobiles to reduce greenhouse gas release.

General Secretary of Vietnam Steel Association Dinh Quoc Thai said that gas emission inventory and carbon credit issuing for Vietnamese businesses to participate in the global carbon market are not at all new concepts. With the regulated limit of 3,000 tonnes of CO2 emission per year, most enterprises in the steel industry need to take gas emission inventory, and they are ready for this process.

Many air conditioner manufacturers are worried since all of their products use refrigerants, which are not going to be widely used in Vietnam and other nations in the world. Observing the new regulation, these enterprises have to register for a quota to import these fluids each year, which will significantly affect their yearly production plan.

In the field of waste treatment, several enterprises agreed that besides regulations for gas emissions inventory, there must be transparency and standardization in investment in waste process technologies.

Also, there must be price floor and ceiling for waste treatment using each specific technology and in each local area. This will hopefully boost the investment of the community in the aspect, indirectly leading to reducing greenhouse gas release due to waste burying.

Welcoming the suggestions and concerns of all businesses in the meeting, Mr. Tang The Cuong once again asserted that Vietnam ensures to the world to decrease gas emissions by 9 percent (without international support) or 27 percent (with global help) by 2030. So there is no avoidance in this matter but to adjust the operations and production plans accordingly.

MONRE will continue to collect more recommendations from related individuals and organizations to perfect the draft decree so that it can be formally launched in 2022.

Source: SGGP

Vietnam on road to development of carbon market

Vietnam on road to development of carbon market

The Ministry of Natural Resources and Environment, in coordination with the World Bank, held a Final Workshop for the “Vietnam Partnership for Market Readiness” project in Hanoi on December 29. 

Carbon pricing helps improve Vietnam’s image internationally: Foreign media

Carbon pricing helps improve Vietnam’s image internationally: Foreign media

After basically containing the spread of COVID-19, Vietnam is becoming the first developing country to adopt carbon pricing in the post-pandemic period to help guide a cleaner recovery, the site reported.


18,000 tourists spend $18.3 million on foreign tours during Lunar New Year

The number of tourists choosing foreign tours accounted for 55 to 65 per cent of the total domestic and foreign tours.

Vietnam posts trade surplus of US$3.6 billion in January

Despite decreases in both imports and exports, the country still enjoyed a trade surplus of 3.6 billion USD in the first month of 2023, according to the General Statistics Office (GSO).


NA leader launches emulation drive, tree planting festival in Tuyen Quang

Nearly 43,900 businesses pull out of market in January

Some 43,900 businesses have withdrawn from the local market in the year to date, up 14.4% year-on-year, according to the Agency for Business Registration under the Ministry of Planning and Investment.


Retail sales of goods, services up 20% in January

Vietnam to send 20 teams to VEX Robotics World Championship 2023

Vietnam is allowed to send 20 teams to the VEX Robotics World Championship 2023 (VEX Worlds), scheduled to be held in May this year in Dallas city in the US state of Texas.

Transport Ministry backs Binh Phuoc’s airport plan

The Ministry of Transport has thrown its weight behind Binh Phuoc Province’s proposal to convert its military airfield in Hon Quan District into a specialized airport.

120-year-old stone church in Da Nang still open to visitors

Built of stone and nearly 120 years old, Tung Son church has retained its special features.

Border gates in Lang Son, Quang Ninh reopen after Tet holiday

The border gates in Quang Ninh and Lang Son provinces have resumed operation after a week-long suspension of customs clearance for the Lunar New Year holiday (Tet).

Foreign investors remain optimistic about VN stock market

Foreign investors' confidence in the Vietnamese stock market is reflected in net buying activities, especially in the last months of 2022.

Tax and land-use fee reductions should continue in 2023: Finance Ministry

The Ministry of Finance (MoF) said tax support policies and land-use fee reductions for businesses should be continued throughout 2023 despite shortfalls in state budget collection.

State-owned banks under capital increase pressure

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.

Foreign suppliers pay US$76.7 million in taxes via online portal

On the first working day after the 2023 Lunar New Year, foreign suppliers such as Facebook, Google and Apple declared and paid taxes worth US$76.7 million.

VN in need of huge amounts of soil, sand, stone for expressway projects

The Transport Ministry has just proposed that Deputy PM Tran Hong Ha direct localities to urgently increase the exploitation capacity of stone, soil, and sand mines to serve the needs of North – South Expressway project in the 2021-2025 period.

HCM City to get cracking on key transport projects in 2023

HCM City will focus on speeding up major transport works this year.