The Environmental Cost Accounting: Experience from Oversea and Solutions for Vietnamese Manufacturing Enterprises

Vietnam's development strategy in the current period is rapid and sustainable economic development, good environmental protection and harmonious solution of economic, environmental and social issues. During the current period, Vietnam's cement production industry is one of the industries facing many difficulties. Despite having a fairly large market, cement production enterprises have to compete fiercely with each other, especially during the period of regional and world economic integration. In cement production enterprises, the costs incurred related to the production and sales of products are very large, especially environmental costs. This shows that businesses need to pay attention to environmental cost accounting to serve the management of their business activities. The article summarizes some key points regarding environmental cost accounting, the introduction of environmental cost accounting in some countries around the world, and demonstrates some challenges in our country's application of environmental cost accounting to provide some solutions to boost the application of environmental cost accounting to Vietnamese enterprises.