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Regulation

May 07, 2024

It’s crucial to build carbon credit management mechanism: Vietnam’s Prime Minister

Vietnamese Prime Minister Pham Minh Chinh recently issued a directive emphasizing the urgent need to establish a carbon credit management mechanism, which aims to help local businesses better grasp the carbon market and meet the Nationally Determined Cont
May 03, 2024

Vietnam’s GHG emission regulations draft emphasizes carbon footprint verification

Vietnamese government proposed to amend and supplement the "Regulations on reduction of greenhouse gas (GHG) emissions and protection of the ozone layer". There is significant attention regarding details of GHG inventory and emission quota allocation.
April 29, 2024

Vietnam may allow businesses to buy green power without EVN’s involvement

Vietnamese Ministry of Industry and Trade (MOIT) has proposed that the government allow manufacturing businesses to buy electricity directly from renewable energy sources, regardless of the involvement of the Vietnam Electricity Corporation (EVN).
April 17, 2024

Vietnam’s major manufacturing city aims to establish first green economic zone

Vietnam’s Haiphong city government focused on sustainable economy with its proposal of “Southern Coastal Economic Zone” (EZ) and aims to become Vietnam's first green economic zone.
April 16, 2024

Vietnam plans to boost rooftop solar with surplus power wholesale mechanism

The Vietnamese Ministry of Industry and Trade held a meeting to discuss “The draft of rooftop solar power stimulus package” on Apr. 10. Minister Nguyen Hong Dien revealed that surplus electricity can be sold to power companies for financial gain.
April 11, 2024

Vietnam’s DPPA becomes clearer as draft expected to be reviewed in May

The Direct Power Purchase Agreements (DPPA) mechanism has been proposed by the Vietnamese Ministry of Industry and Trade (MOIT) for over seven years. Finally, with recent urging from the Vietnamese Prime Minister, there has been significant progress.
March 08, 2024

Vietnam anticipates renewables to make up 70% of power mix by 2045

Vietnamese Prime Minister Pham Minh Chinh officially approved the "2030 National Energy Development Strategy" on Mar. 1. The strategy aims to increase the proportion of renewable energy to 15%-20% by 2030 and expects to reach 65%-70% by 2045.
March 05, 2024

Vietnam plans to set carbon emission quotas for cement and steel industries

After selling a considerable of carbon credits through the World Bank, the Vietnamese government is more optimistic about the prospects of the carbon credit market. According to statistics, Vietnamese corporations and organizations generate 41 million car
January 30, 2024

8 billion to be pumped into Vietnam green energy: U.S. officials

U.S. Under Secretary Jose W. Fernandez announced in his visit to Vietnam on Jan. 26 that 15 U.S. firms are prepared to invest in Vietnam, with a total amount of 8 billion USD, and most of the investment would focus on clean energy infrastructure.
January 29, 2024

HCMC calls for investment in 28 green projects

Ho Chi Minh City (HCMC) Government held “The Green Growth Development Investment Promotion Conference” and presented 28 green projects with an estimated total investment of VND 16 trillion (about USD 66 billion). There are over 200 people including global

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