News

Ecovance Vietnam, the subsidiary of SKC Group from South Korea invested approximately $100 million in May to produce biodegradable plastic PBAT (Polybutylene Adipate Terephthalate) in the Dinh Vu Industrial Zone in Hai Phong City,

Since 2015, Vietnam has been the leading producer and consumer of finished steel products in the ASEAN region. However, with the European Union's imminent imposition of carbon tariffs, local industry players admit that it is "impossible" for the country's

Localities throughout Vietnam are undertaking activities to develop the carbon credit market.

Chinese tech giant Alibaba plans to construct a data center in Vietnam to comply with local regulations. However, data centers considered high-energy-consuming industries drawing attention on energy efficiency and carbon emission reduction.

According to the 2024 Global Wind Energy Report, Vietnam's wind power industry showed signs of hope in 2023 after a challenging year. It also calls on the government to accelerate the formulation of regulations through inter-ministerial tasks.

Vietnamese telecommunications firm Viettel has announced the opening of a data center in Hoa Lac Tech Park, Hanoi. The company said the Hoa Lac Data Center has over 2,400 racks across 21,000 square meters of floor space, with a total capacity of 30 MW.

Vietnam has great potential for wind energy with the experts call on the government to expedite the development of the Can Gio Offshore Wind project. The project presents an opportunity for Ho Chi Minh City to become the first Net Zero City in Vietnam.

Vietnam issued the latest electricity pricing mechanism on March 26, deciding to shorten the price adjustment period. The Electricity Regulatory Authority of Vietnam of the Ministry of Industry and Trade stated that this move aims to align with market.

Vietnam’s carbon offset amount is beyond expectation. The government plans to sell the remaining 4.91 million of carbon credits with the help of World Bank in finding potential buyers or piloting auctions on international platforms.

The U.S. has signed a $500 million deal to promote green exports to Vietnam, the source of the country's third-largest trade deficit and a quickly rising manufacturing alternative to China.