As the world grapples with the urgent need to tackle climate change, Vietnam is making significant strides in establishing a domestic carbon trading system that could unlock substantial economic and environmental benefits. With ambitious emissions reduction targets and a growing focus on green development, the country is leveraging carbon markets to drive its low-carbon transition.
Vietnam's leading position as a spice exporter faces hurdles, including quality controls, sustainability concerns, and stricter international regulations. To solidify its market share, the industry must adapt.
Predictions have been made that the market will gradually recover next year and become healthier and more transparent and standardized in the second and third quarters.
Director of the Civil Aviation Authority of Vietnam Dinh Viet Thang said that in the past 10 months, the domestic aviation market has grown rapidly, but the international market has only recovered by about 50 per cent. Airlines and passenger transport providers still have to deal with the unfavorable problems left by the epidemic, especially the imbalance of cash flow in 2 years that freezes operations.