Business

Having begun a piloted carbon exchange, Vietnam can look to the experience of others in determining what may lie ahead.

Amidst the global trend of increasing trade defense measures, Vietnamese enterprises are not only facing investigations in foreign markets but also need to proactively and effectively use these legal tools to protect domestic production.

By 2025, 67 pharmaceutical companies exported drugs and raw materials totaling approximately $312 million, placing Vietnam fourth in Southeast Asia for pharmaceutical exports

According to the proposal, household and individual businesses with total annual revenue not exceeding VND10 billion ($381,000) in 2026 and 2027 will be eligible for a 30% reduction in personal income tax (PIT) for each respective year.

Much has been done to establish the legal framework and introduce the cooperative agreements needed to operate a carbon market in Vietnam and efforts are ongoing.

The proposed Ring Road 5 will span approximately 349 km, passing through seven provinces and cities.