CBAM Consultation Workshop
On August 30, 2023, the Consultation Workshop “The recommendations for a carbon tax to mitigate the impact of the EU’s carbon border adjustment mechanism (CBAM) on Viet Nam” was held in Ha Noi, following the previous successful Workshops held in December 2022 and April 2023. Attending the Workshop were representatives from some Ministries and various related agencies, such as the Ministry of Natural Resources and Environment, the Ministry of Industry and Trade, the Ministry of Finance, the Ministry of Foreign Affairs; representatives of United Nations Office for Project Services (UNOPS) and Energy Transition Partnership (ETP); representatives from some international organizations; and other individuals and organizations.
At the Workshop, Mr. Nguyen Anh Minh, Partner of NHQuang&Associates, presented key findings of Research Team from the results of reviewing and analyzing the applicable policies on environmental protection tax and fees in Viet Nam in relation to key elements of carbon tax design; thereby providing several legal basis for carbon tax design options in Viet Nam.
The participants listened to some presentations from representative of the Department of Climate Change – Ministry of Natural Resources and Environment on the role of carbon pricing instruments in Viet Nam’s climate change response policy, and research results of key experts on review and analysis of existing policies on tax and fees related to environmental protection in Viet Nam, as well as international experiences on carbon tax and recommendations on carbon tax design suitable for Viet Nam.