News

Vietnam’s carbon market is gradually taking shape as Prime Minister Pham Minh Chinh officially approves the national blueprint, establishing both mandatory and voluntary markets, with full implementation expected by 2029.

Vietnam will remove its exemption from registration fees for electric vehicles (EVs). EV owners will be required to pay a registration fee based on the number of seats, which will be 50% of the fee for regular gasoline vehicles.

Vietnam's offshore wind power development has come to a standstill, as the latest draft revision of the country’s National Power Development Plan 8 (PDP8) extends the 6 GW offshore wind target from 2030 to the 2031–2035 period.

Vietnam has pledged to begin utilizing nuclear power by 2030. The government is also in discussions with five countries, including Russia, about potential cooperation.

Less than a month after the Vietnamese government issued the new Electricity Law, it has introduced five draft decrees for public consultation, with one focusing on the Direct Power Purchase Agreement (DPPA) mechanism.

Vietnam leads Southeast Asia in solar power generation, and the government has actively set policies to promote renewable energy. However, the International Energy Agency (IEA) forecasts that Vietnam's coal imports will surpass Taiwan in 2024.

Vietnam's renewable energy sector is booming, and Japanese companies operating locally are noticing the shift.

Vietnam's National Assembly has approved the revival of nuclear power, with plans to develop nuclear energy to expand the use of low-carbon energy and achieve the national net-zero target by 2050.

Vietnam is home to areas known as "craft villages," where plastic waste is processed. However, research indicates that only one-third of the imported plastic waste is recycled, with the majority ending up in landfills.

The Vietnamese government’s recent decree promotes self-consumption rooftop solar power, but unclear regulations complicate the application process for investors.