News

South Korean wind power equipment giant CS Wind is expanding its investment in Vietnam, capitalizing on the geographic advantages of Long An Province in the Mekong Delta.

Vietnam is expected to start piloting its carbon trading market in 2025, with carbon emission control and trading measures for high-emission sectors such as cement, steel, and transportation also set to take effect that year.

On August 15th, Phuc Sinh Corp., a Vietnamese agricultural product trading company, announced that it has received a green investment of up to $25 million from the Dutch & Green Fund. This marks the first time a Vietnamese company has achieved such a mile

PepsiCo, the American snack and beverage giant with a 30-year presence in Vietnam, is expanding its operations with a $400 million investment in new factories located in Ha Nam and Long An province.

The Vietnamese government is attempting to overcome the stagnation in offshore wind power development. The Ministry of Industry and Trade (MOIT) has recently released a pilot development report, recommending that state-owned enterprises take the lead.

Vietnam has approved DPPA, opening up a new era of green energy liberalization and new investment opportunities. However, the implementation of the DPPA still has several challenges to address, divided into regulatory, cost, and technical issues.

Vietnam generates nearly 70,000 tons of waste daily, with over 70% sent to landfills. Waste-to-energy plants, which provide electricity during waste processing, are considered a solution to balance environmental concerns with economic development.

The Vietnamese government officially passed the "Direct Power Purchase Agreement" (DPPA) on the 3rd, allowing large electricity consumers to procure green energy directly from the national grid or independent grids, bypassing Vietnam Electricity (EVN).

To attract more renewable energy investments and meet the industry's demand for clean energy,Vietnam government officially passed the “direct power purchase agreement" (DPPA) on the 3rd.

Despite clear policies, rising electricity demand and environmental disasters like droughts have pushed Vietnam to expand coal power. PwC suggests Vietnamese companies to create energy transition plans and strategies to tackle global climate change.