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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.

Solar panels are poised to cover rooftops across Vietnam now that Southeast Asia's top generator of solar energy and a major manufacturer of PV cells, targets 50% of homes and offices to have panels by 2030. This is also to strengthen the power supply.

EVN expects the cost of electricity production of 2023 is still higher than retail price by 9.3% although fuel prices lowered for the past few months.

South Korea’s SK Group will reinforce its partnership with the Vietnamese government to boost eco-friendly business in areas ranging from carbon capture to waste recycling, solar and wind power.

Group of Seven (G7) members finalized the $15.5 billion pledge to help Vietnam reach net-zero emissions by 2050, among which offer more than 300 million, accounting for 2% of a total package which made up mostly of costly loans that Hanoi has been relucta