Vietnamese exporters must gear up for the United Kingdom’s (UK) implementation of the Carbon Border Adjustment Mechanism (CBAM) set to take effect in 2027. Hoang Le Hang, First Secretary of the Vietnam Trade Office in the UK, emphasized the importance of readiness during a recent conference in Hanoi on preparing for the UK market. Since the UK–Vietnam Free Trade Agreement (UKVFTA) came into force, exports to the UK have risen sharply, making it Vietnam's third-largest export market.
The UK’s CBAM regulations will impose a carbon tax on imported goods based on greenhouse gas emissions generated during production. While the exact product list under the Harmonised System (HS) is yet to be finalized, initial categories include aluminium, cement, ceramics, fertilizer, glass, hydrogen, and iron and steel. Exporters will be required to pay a tax for each shipment, calculated on its carbon emissions. Notably, unlike the European Union’s CBAM, the UK’s mechanism excludes electrical products and carbon certificate trading, but its broader scope could pose a more significant impact on Vietnamese goods like ceramics and glass used in construction.
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