According to statistics, the number of enterprises temporarily suspending operations in 2021 totaled 54,960, an increase of 18 percent compared to 2020. The majority of those businesses had been operating for less than five years. This partly reflects the impact of the COVID-19 pandemic on the overall economic situation.

"Clearly, the COVID-19 pandemic has two sides, causing socio-economic losses as well as damage to human lives, but it really opens a new opportunity to restructure the economy," said Pham Binh An, Deputy Head of Ho Chi Minh City’s Institute of Development Studies.

Accordingly, in the post-COVID-19 period, investment in green development will help businesses demonstrate their commitment, efforts and responsibility to the government as well as society, thereby ensuring more long-term benefits.

Present in Vietnam since 1993 as an alloy-coated steel producer – an industry typical of large energy consumption – NS Bluescope Vietnam has always been a pioneer in the practice of "green" production activities with a carbon ​​neutrality vision by 2050.

To achieve this ambition, NS BlueScope Vietnam acts with initiatives focusing on replacing fossil fuels with renewable energy and alternative sources. “First, we focus on our internal resources, simply by improving technology and operational efficiency,” said a representative of NS BlueScope Vietnam about its “green” production journey.

PV