The Ongoing Global Trend of Sustainability, And Why Should Vietnam Take Action?

 

Transforming the industry to more sustainable production will help Vietnam economically, as sustainable development has become an essential criterion for businesses to operate in Europe and Japan, even the factories in Vietnam must comply, otherwise, your products will be taxed more by the Carbon Border Adjustment Mechanism (CBAM) or even gets decline from exportation to these countries, subsequently weaken Vietnam’s competitiveness. The first step to facing the concept of sustainability is to understand the trending words like carbon neutral, net zero emissions, CBAM, ESG (environmental, social, and governance), etc.

The most common questions that people in the plastic and rubber industry ask us are, “What’s the difference between carbon neutral and net zero emissions, and what is CBAM exactly?” Essentially the proposal of carbon neutrality emphasises maintaining a balance between the carbon we are emitting and absorbing from the atmosphere in carbon sinks, keeping the environmental crisis under control and stopping the increase of carbon levels in the atmosphere. In comparison, net zero emission focuses on reducing a broader range of gases that we emit into the atmosphere, while carbon is only part of the greenhouse gases that net zero emission goals seek to eliminate, they also seek to reduce hazardous gases like methane, ozone, nitrogen oxides, and nitrous oxide. Hence, the CBAM established by the EU in 2021 and began to take experimental effect this year, is basically a way to enforce carbon neutrality policies outside of Western countries and raise awareness of the global environmental crisis, by making those manufacturers who neglected environmental costs during production pay more in taxation when selling in Europe. In addition, ESG is another popular concept that enterprises have enforced in their business, with the goal of protecting the environment, taking social responsibility, improving management efficiency and protecting the rights of labourers. 

After knowing the global trend of sustainability, many soon realise the costly challenges it poses to every industry, especially to the plastic and rubber industry and tend to deny the ongoing environmental crisis like how former US president Trump has claimed it is fake news. We encourage a different approach to this challenge, rather than deny it, manufacturers and enterprises should acknowledge the traditional environmentally costly production model is outdated, and ask themselves “What should we do to turn the challenge of growing trends of sustainability into our advantage?”

Though we do not have a definite and detailed solution or answer to that specific question, we do recommend the plastic and rubber industry in Vietnam and extensively in other countries invest more in recycling lines, reduce waste material in production, adopt recyclable raw material, produce mono-material products to simplify the recycling procedure and invest in a machine that can either directly or indirectly reduce your carbon footprint. By being ahead of other countries in investing and upgrading these environmental friendly categories that reduce waste and carbon emissions, the plastic and rubber industry in Vietnam can turn the challenge into an advantage, making the Western nations more likely to invest and purchase products from Vietnam, and subsequently rebrand “Made In Vietnam” from cheap and pollutive connotation to a green, sustainable, and high-quality image.  

After reading all of these, you may be determined now to invest in green, upgrade the production line, and purchase sustainable machines, but one small problem is who and where should you buy machines, raw materials, and production lines from to complete your sustainable factory? We have just the answer for you, we recommend all Vietnamese plastic and rubber manufacturers that wish to makeshift to sustainable and efficient production, consider and invest in Taiwanese machines, but why? 

First of all, Taiwan has a variety of diverse plastic and rubber machinery, component, and raw material manufacturers and a complete supply chain providing machines from upstream raw materials to end stream recycle machines, everything you need to upgrade, invest, or start your factory can be found in Taiwan. All the quality and precise machines that fulfill our recommendations for Vietnam’s sustainable industrial upgrade will be found in Taiwan. 

Many industrial hottest and most affordable machines are made in Taiwan. For instance, if you are looking for recycling machines or recycling lines, you must have heard of famous brands like Genius, Polystar, BoRoTech, Partico, or GEORDING, all of them are without an exception Taiwanese manufacturers. Moreover, the Taiwanese have strictly enforced green policies, cutting down carbon footprints dramatically in components and raw materials production and machinery assembly, which will help you catch up with the latest global sustainability trend, and save you money from the carbon tax by the CBAM. 

Now, you must be excited and ready to follow the global sustainability trend, browsing through the internet, and making phone calls to find and contact your destined Taiwanese manufacturers for machines, raw materials, or components. However, if you can’t find the one, or don’t know where to begin, we encourage you to check out https://www.prm-taiwan.com, where all of the best Taiwanese plastic and rubber machinery, component, and raw material suppliers and their latest news and technologies would be in your reach with a click of a button. The best part is it’s completely free, you can find the best manufacturer on our website, contact them, and complete your purchase without spending a dime on match-making, saving your time and trouble in researching your best option. If you couldn’t find the manufacturer that you desire or are too lazy to browse through the vast amount of suppliers list, feel free to fill out an inquiry! Stating what kind of machine, component, or raw material you are looking for. Our PRM specialist will help you find it. 

If you wish to know more about PRM or learn more details regarding the trend of the plastic and rubber industry or have grown interested in Taiwanese machines, then welcome to come to PRM’s booth No.L47 in VietnamPlas from 18-21 of October this year. See you soon!