This marks a significant milestone for Việt Nam, providing a reliable information platform to assist businesses in complying with the European Union''s Deforestation Regulation (EUDR).
The European Commission has proposed to postpone implementation of the EU Deforestation Regulation (EUDR) by on year, allowing Vietnamese companies to be fully prepared in their due diligence obligations, according to the Việt Nam Trade Office in the EU.
As a major coffee exporter to the EU, Việt Nam should get prepared for the deforestation law to maintain and expand coffee export to the block, raising the pressing need for digitalization of the value chain.
About €2.3 billion of Vietnamese exports will fall under new EUDR regulations to combat deforestation, with coffee, timber, and rubber being the staples.
EUDR would take effect around December 2024 and January 2025. Microenterprises and small enterprises would have an additional six months to comply with the regulation''s requirements.
The Mekong Delta province of Kien Giang has instructed inspection teams to impose severe fines on violators of laws on construction, land subdivision, and illegal deforestation, according to Pham Vu Hong, chairman of the province’s People’s Committee.