News

Vietnam has a total of 305 green buildings with a combined certified construction area of nearly 7.5 million square meters by September 30, 2023, according to Nguyen Cong Thinh, Vice General Director of the Department of Science, Technology and Environmen

Japan's Marubeni has expressed to replace Ørsted by collaborating with Vietnam's T&T Group to develop offshore wind power projects in Thai Binh, a province of northern Vietnam.

Vietnam accounted for 69% of ASEAN’s solar and wind generation in 2022 and was the region’s main driver in renewable energy development in recent years, according to a report by U.K.-based energy think tank Ember.

To alleviate carbon emissions, Ho Chi Minh City plans to invest 2.5 trillion VND (over $100 million) in installing rooftop solar PV systems on public agency buildings.

Vietnam has increased electricity prices twice within a year to improve the cash flow and repay ability of EVN, which has a positive impact on the whole power sector. However, the production costs of steel and cement have risen as well.

To fulfill the commitment at COP26 which is to achieve net-zero emissions by 2050, Vietnam is prioritizing "greening" efforts to both land and sea transport with new business opportunities and challenges as well.

GSM, a ride-hailing firm founded by the owner of Vietnam’s EV maker VinFast, has launched its electric taxi service this month in Vientiane, Laos, to promote green mobility in Southeast Asia.

Vietnam Electricity (EVN) has announced an adjustment in the average retail electricity prices by 4.5% from Nov. 9. After four years of frozen increases, electricity prices in Vietnam have been adjusted twice this year.

In recent years, there has been a significant surge in demand for green loans in Vietnam. Many banks are not only allocating their capital for green and sustainable development projects but also seeking support from foreign Development Finance Institution

As carbon taxes and credits become more prevalent across global markets, Vietnam is seeking ways to demonstrate its responsibility in decarbonization and help local businesses adapt to change.