[{"bbox": [85, 154, 349, 181], "category": "Text", "text": "Nam's just energy transition."}, {"bbox": [85, 191, 1123, 432], "category": "Text", "text": "While the ambitions of the above Vietnamese vision are high, implementation progress is slow. The business sector in the country is facing increasing challenges in demonstrating their compliance with environmental standards set by its major export markets, including the EU internal market. The government of Viet Nam has expressed its strong interest in learning from the EU experiences and receiving EU's technical assistance to materialize its strategy objectives, particularly the development of a responsible, smart and circular economy. By leveraging responsible and circular economy practices alongside digital transition, Viet Nam can sustain its economic growth while reducing its environmental footprint. Team Europe has extensive knowledge and experience to share in this field and can build on its existing strong international cooperation to assist Viet Nam in key policy areas of the EU's Green Deal, the EU Circular Action Plan and the Global Gateway."}, {"bbox": [85, 443, 1123, 524], "category": "Text", "text": "The EU launched its Indo-Pacific and Global Gateway Strategies in a context of accelerating geopolitical and geostrategic shifts in the region. Viet Nam has been identified as one of 16 key countries by the EEAS for increased EU strategic engagement."}, {"bbox": [85, 534, 1123, 721], "category": "Text", "text": "The **Global Gateway Strategy** seeks to foster a rules-based international order, a level playing field, as well as an open and fair environment for trade and investment, tackling climate change and supporting connectivity with the EU. It is the EU's contribution to narrowing the global investment gap, supporting global economic recovery, and accompanying the twin green and digital transitions beyond European borders. Global Gateway covers both hard connectivity and the enabling environment, regulatory frameworks and norms and standards. It aims at boosting smart, clean and secure links in the digital, climate, energy and transport sectors, and to strengthen education, research and health systems across the world."}, {"bbox": [85, 732, 1123, 864], "category": "Text", "text": "The **Green Deal Industrial Plan** puts the Europe's net-zero industry in the lead in the transition to climate neutrality. One of the four pillars of the Industrial Plan facilitates open and fair trade, strengthening global cooperation and making trade work for the green transition. It is built on the engagement with the EU partners, including through the network of Free Trade Agreements and other forms of cooperation to build supply chain resilience."}, {"bbox": [85, 878, 1123, 1039], "category": "Text", "text": "The **EU's Farm to Fork Strategy** recognises the inextricable links between human health, plant health, animal health and eco-system health and seek to reduce dependency on pesticides and antimicrobials, reduce excess fertilisation, increase organic farming, improve animal welfare, and reverse biodiversity loss. Putting the food systems on a sustainable path brings new opportunities for operators in the food value chain. Additionally, the EU's Biodiversity Strategy underlines that the biodiversity conservation will need to be strengthened to ensure the provision of safe, sustainable, nutritious and affordable food."}, {"bbox": [85, 1049, 1123, 1237], "category": "Text", "text": "The **EU's Circular Economy Action Plan 2020** puts the EU in the leading position to drive the global transition to a just, climate-neutral, resource efficiency and circular economy. Innovative models powered by digital technologies will not only accelerate circularity but also make us less dependent on primary materials. Scaling up the circular economy throughout the value chains, from front-runners to the mainstream economic players, will make a decisive contribution to achieving climate neutrality by 2050. Key product value chains requiring urgent actions are electronic and ICT, batteries and vehicles, packaging, plastics, textile, construction and buildings, food, water and nutrients."}, {"bbox": [85, 1247, 1123, 1436], "category": "Text", "text": "The **EU Corporate Sustainability Due Diligence Directive** aims to foster sustainable and responsible corporate behaviour by requiring companies to identify and address adverse human rights and environmental impacts in their operations and value chains. This directive will promote the green and circular transition by ensuring businesses minimise negative impacts and adopt sustainable practices, thus reducing environmental degradation and enhancing resilience to climate change. The directive mandates large companies to develop climate change mitigation plans aligned with the Paris Agreement, promoting transparency, legal certainty, and innovation, and setting a potential global standard for mandatory due diligence."}, {"bbox": [85, 1446, 1123, 1580], "category": "Text", "text": "Viet Nam is the EU's biggest trading partner in ASEAN, with bilateral trade-in-goods amounted to €64.2 billion in 2022. The EU is one of the biggest foreign investors in Vietnam. Viet Nam with a total foreign direct investment outward stock of €8 billion in 2021⁹. The largest sector of investment by the EU is industrial processing and manufacturing, while Viet Nam's main exports to the EU are electronic products, footwear and textiles, coffee, rice, seafood, and furniture. These export commodities fall under the key product value chains of"}, {"bbox": [85, 1628, 1142, 1679], "category": "Footnote", "text": "⁹ The European Chamber of Commerce in Viet Nam (Euroham) was established in 1998. Euroham has more than 1400 members, representing one of the biggest foreign business association in Viet Nam."}, {"bbox": [1034, 1679, 1142, 1704], "category": "Page-footer", "text": "Page 6 of 28"}]