{"id":2973,"date":"2025-02-13T03:44:42","date_gmt":"2025-02-13T03:44:42","guid":{"rendered":"https:\/\/staging.otracorp.com\/?p=2973"},"modified":"2025-02-13T03:44:42","modified_gmt":"2025-02-13T03:44:42","slug":"cbam-impact-on-vietnams-economy-path-to-sustainability","status":"publish","type":"post","link":"https:\/\/staging.otracorp.com\/ko\/cbam-impact-on-vietnams-economy-path-to-sustainability\/","title":{"rendered":"CBAM: Impact on Vietnam&#8217;s Economy &#038; Path to Sustainability"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1331.2px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><h5><strong>What is CBAM?<\/strong><\/h5>\n<ul>\n<li style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium); text-align: justify;\"><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">The Carbon Border Adjustment Mechanism (CBAM) is used by the European Union to equalize <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">carbon prices between domestic and imported products. This prevents the risk that EU businesses <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">can move carbon-intensive production activities abroad to take advantage of lax standards or <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">\u201ccarbon leakage\u201d by transferring emissions outside Europe.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">CBAM is a policy that imposes a carbon tax on goods imported into the EU, based on the <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">greenhouse gas emissions produced during production in the exporting country. Importers need to register with the regulator and purchase CBAM certificates, whose price is based on the price of emission credits from the EU Emissions Trading System (EU ETS). If importers can prove that they have paid a carbon tax in the country of origin, they can claim a corresponding emission credit. <\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">The EU divides goods into two categories: simple and complex, with the latter requiring emissions <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium-hover);\">from raw materials to be included. This is part of the EU\u2019s climate policy to encourage trading <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium-hover);\">partners to reduce the carbon footprint of their production. <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium-hover);\">Upon full implementation in 2026, importers of goods covered by CBAM in the EU will need to <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium-hover);\">purchase CBAM certificates. The price of the certificates will be calculated based on the weekly <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium-hover);\">average auction price of EU ETS allowances expressed in \u20ac\/tCO2 emitted.<\/span><\/li>\n<\/ul>\n<\/div><div class=\"fusion-image-element\" style=\"--awb-aspect-ratio:1 \/ 1;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\"fusion-imageframe imageframe-none imageframe-1 hover-type-none has-aspect-ratio\"><img decoding=\"async\" width=\"800\" height=\"794\" title=\"Screenshot 2025-01-06 173917\" src=\"https:\/\/staging.otracorp.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-06-173917.png\" data-orig-src=\"https:\/\/staging.otracorp.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-06-173917-800x794.png\" class=\"lazyload img-responsive wp-image-2975 img-with-aspect-ratio\" alt srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27876%27%20height%3D%27869%27%20viewBox%3D%270%200%20876%20869%27%3E%3Crect%20width%3D%27876%27%20height%3D%27869%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/staging.otracorp.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-06-173917-200x198.png 200w, https:\/\/staging.otracorp.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-06-173917-400x397.png 400w, https:\/\/staging.otracorp.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-06-173917-600x595.png 600w, https:\/\/staging.otracorp.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-06-173917-800x794.png 800w, https:\/\/staging.otracorp.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-06-173917.png 876w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 640px) 100vw, 800px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-2\"><h5><strong>OBSTACLES OF VIETNAM&#8217;S ECONOMY<\/strong><\/h5>\n<p style=\"text-align: justify;\"><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\"><b>1. Restrictions on exports to the EU market<br \/>\n<\/b><\/span><\/p>\n<p><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">The EU CBAM is estimated to reduce Vietnam\u2019s <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">exports of iron, steel, cement, fertilizer, and aluminum by up to USD 100 million. <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">Essentially, by raising prices, the EU CBAM is likely to lead to lower demand in the EU <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">market for these goods. Iron and steel will be the most affected, followed by aluminum, <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">based on Vietnam\u2019s current export volumes. In the long term, the scope of the EU CBAM <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium);\">could be expanded to include indirect emissions and other sectors, potentially negating the benefits of the EU-Vietnam Free Trade Agreement (EVFTA) depending on the carbon price imposed.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>2. Difficulties in the manufacturing industry<br \/>\n<\/b><\/p>\n<p><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium-hover);\">The implementation of EU CBAM requires <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium-hover);\">Vietnamese exporters to apply solutions to reduce GHG emissions during the production <\/span><span style=\"color: var(--awb-text-color); font-family: var(--awb-text-font-family); font-size: var(--awb-font-size); font-style: var(--awb-text-font-style); font-weight: var(--awb-text-font-weight); letter-spacing: var(--awb-letter-spacing); text-align: var(--awb-content-alignment); text-transform: var(--awb-text-transform); background-color: var(--awb-bg-color-medium-hover);\">process, but reducing emissions and meeting the criteria to avoid carbon tax is a challenge for businesses due to limitations in upgrading equipment, and machinery and sourcing sustainable raw materials. Furthermore, Vietnamese businesses are largely unaware of European green standards and EU CBAM, which risks putting them at a disadvantage in the European market.<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-3\"><h5><strong>PATH TO SUSTAINABILITY<\/strong><\/h5>\n<p style=\"text-align: justify;\">EU CBAM is an opportunity to accelerate Vietnam&#8217;s net-zero commitment by 2050. EU CBAM does not apply to imports from countries with ETSs that meet EU standards. Therefore, there is an additional incentive for Vietnam to quickly establish a carbon pricing system. The application of the EU CBAM could also encourage investment in innovative low-carbon, energy-efficient and renewable technologies. In this regard, Vietnam has a huge potential for solar and wind energy development, 46 times higher than its current capacity. Grid upgrades are needed to take advantage of this energy source, including high-voltage underground cables. Reforms to the electricity market, such as allowing direct electricity trading, would promote renewable energy and reduce the burden on the government.<\/p>\n<p style=\"text-align: justify;\">The implementation of CBAM underscores the urgent need for businesses to adopt sustainable practices. Our sustainability consulting services are designed to empower manufacturers to not only meet regulatory requirements but also gain a competitive edge. Through the acquisition and utilization of green certifications like IREC and Carbon Credits, we can help businesses demonstrate their commitment to environmental stewardship, attract sustainability-conscious consumers, and access new markets.<\/p>\n<\/div><div class=\"fusion-text fusion-text-4\"><p><strong>\ucc38\uace0\uc790\ub8cc:\u00a0<\/strong><\/p>\n<p>PetroVietnam,. 2024. <a href=\"https:\/\/www.pvn.vn\/Pages\/detail.aspx?NewsID=0ef2039d-1484-462f-b84b-1b5c12d20f67\"><em>T\u00e1c \u0111\u1ed9ng c\u1ee7a EU CBAM \u0111\u1ed1i v\u1edbi Vi\u1ec7t Nam.<\/em><\/a><\/p>\n<p>T\u1ea1p ch\u00ed C\u00f4ng Th\u01b0\u01a1ng,. 2024. <a href=\"https:\/\/tapchicongthuong.vn\/magazine\/co-che-cbam-cua-eu-va-khuyen-nghi-giai-phap-cho-viet-nam-107633.htm\"><em>C\u01a1 ch\u1ebf CBAM c\u1ee7a EU v\u00e0 khuy\u1ebfn ngh\u1ecb cho Vi\u1ec7t Nam.<\/em><\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1],"tags":[35,36,25,37],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/staging.otracorp.com\/ko\/wp-json\/wp\/v2\/posts\/2973"}],"collection":[{"href":"https:\/\/staging.otracorp.com\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.otracorp.com\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.otracorp.com\/ko\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.otracorp.com\/ko\/wp-json\/wp\/v2\/comments?post=2973"}],"version-history":[{"count":6,"href":"https:\/\/staging.otracorp.com\/ko\/wp-json\/wp\/v2\/posts\/2973\/revisions"}],"predecessor-version":[{"id":2980,"href":"https:\/\/staging.otracorp.com\/ko\/wp-json\/wp\/v2\/posts\/2973\/revisions\/2980"}],"wp:attachment":[{"href":"https:\/\/staging.otracorp.com\/ko\/wp-json\/wp\/v2\/media?parent=2973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.otracorp.com\/ko\/wp-json\/wp\/v2\/categories?post=2973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.otracorp.com\/ko\/wp-json\/wp\/v2\/tags?post=2973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}