Green energy opportunities abound for Vietnamese firms
Vietnamese firms have ample opportunities to develop green and clean projects, particularly in renewable energy, heating, ventilation and air conditioning (HVAC), data centre and smart building construction, experts said at a series of seminars on energy held in Ho Chi Minh City on September 4.
HCM City firms use solar power panels (Photo: VNA)
HCM City (VNA) 🅰– Vietnamese firms have ample opportunities to develop green and clean projects, particularly in renewable energy, heating, ventilation and air conditioning (HVAC), data centre and smart building construction, experts said at a series of seminars on energy held in Ho Chi Minh City on September 4.
The events were co-hosted by Informa Markets Vietnam, the Asia-Pacific Urban Energy Association (APUEA), the Vietnam Internet Association, and other units.
Experts noted that Vietnam is becoming a regional leader in infrastructure investment, with an investment level reaching 6% of GDP, significantly higher than the ASEAN average of 2.3%.
Lu Minh Quyen, Senior Project Manager at Informa Markets Vietnam, highlighted a critical need for investment, citing the Global Infrastructure Facility data as saying that Vietnam requires 25 billion USD annually to meet its infrastructure needs. However, the national budget can only cover around 15 billion USD, presenting both challenges and opportunities for both private and public sectors in investment promotion and strategic project development.
The nation's shift toward renewable energy is evident in the Power Development Plan VIII, which was approved last year. By 2030, renewable sources are expected to make up 27% of Vietnam’s electricity mix, with onshore wind power contributing 14.5%, offshore wind power 4%, and solar power 8.5%.
APUEA Executive Director Peter Lundberg said Vietnam, like many other regional countries, faces the dual challenge of meeting growing energy demand while addressing the urgent need to reduce carbon emissions.
To address these challenges, Vietnam has set ambitious climate goals, including achieving net-zero greenhouse gas emissions by 2050. This requires significant effort but presents substantial opportunities for renewable energy development.
A successful energy transition must go beyond simply adopting renewable energy sources. Smarter energy use, increased efficiency, and innovative technologies that reduce energy costs and lower dependence on fossil fuels will be key to realising a sustainable energy future, he said./.
The Vietnam Oil and Gas Group (Petrovietnam) is striving to raise its total installed power capacity to 8,000-14,000 MW by 2030, which is projected to account for 8-10% of the country’s combined capacity by 2045, under its revised strategy.
Deputy Prime Minister Tran Hong Ha called for creating a new legal framework for the fossil energy conversion policy to green and renewable energy, at a meeting on the amended draft Law on Electricity in Hanoi on July 15.
The northern province of Quang Ninh has planned to develop environmentally friendly energy industries and maintain its status as a national energy hub, particularly in wind power and LNG (liquefied natural gas) electricity in the northern region.
Mariam Sherman, World Bank Country Director for Vietnam, Laos, and Cambodia, said the World Bank remains committed to working with the Vietnamese government to develop the next phase of climate resilience and transformation for the Mekong Delta.
Under the directive, the PM instructed relevant agencies to regularly inspect, supervise and proactively implement disaster prevention, response and rescue measures in line with their assigned roles and mandates, ensuring readiness, avoiding passivity or delays, and maintaining operational continuity amid ongoing political and administrative restructuring at levels.
According to Dr. Vu Anh Tuan, Deputy Director General of the Vietnam Space Centre and head of the project, this is the first study in Vietnam to simultaneously employ Sentinel-2 satellite data, advanced machine learning algorithms, and the Google Earth Engine (GEE) cloud computing platform to model and monitor key seawater quality parameters.
The Deposit Return System is seen as a potential instrument for effectively advancing Vietnam’s vision of a circular economy, as outlined in Article 142 of the 2020 Law on Environmental Protection.
The figures were highlighted in a Pre-Feasibility Study on a DRS tailored for single-use beverage packaging in Vietnam, conducted by Eunomia Research & Consulting.
Young people should not view AI as salvation but rather as a tool under human control. Young creators should focus on learning and accumulating practical knowledge, using AI as a tool to carry out artistic projects in the most effective and cost-efficient manner.
Saigon Hi-Tech Park’s ambitious 50% renewable energy goal far exceeds the city’s 15% target, positioning the park as a trailblazing “living lab” for sustainable energy solutions.
Vietnam's economic losses from natural disasters are estimated to account for 1 to 1.5% of GDP annually - a steep price that will continue to rise unless the country takes strong action.
Wutip, the first storm in the East Sea so far this year, has wreaked havoc across central Vietnam, claiming lives, displacing residents, and causing widespread damage to houses, crops, and infrastructure, the Department of Dyke Management and Disaster Prevention and Control reported as of 6:30 pm on June 13.
The tremor occurred at 7:39:46 am (Hanoi time), with the epicentre located at latitude 14.924°N and longitude 108.236°E, at a depth of approximately 8.1 kilometres. The natural disaster risk level was classified as 0 – the lowest on the scale.
Addressing a session on “Accelerating Financing for Resilience: Tailored Solutions for Disaster Risk Reduction,” Deputy Minister Hiep emphasised Vietnam's proposal in building sustainable financing in response to natural disasters, which aligns with the Sendai Framework for Disaster Risk Reduction's goals.
Vietnam has demonstrated its strong commitments by participating in global sustainable development forums, signing multiple free trade agreements, and attracting support from international partners for the implementation of the SDGs.
The fight against plastic pollution could not succeed through isolated efforts, but it must be a collective endeavour involving the entire political system, businesses, citizens, and the international community, said Minister of Agriculture and Environment Do Duc Duy.
Lang Son Global Geopark, with its outstanding geological values, cultural heritage, and unique natural landscapes, represents a valuable addition to UNESCO’s global geoparks system.
In 2019, Quang Ninh became one of the first localities in Vietnam to launch a province-wide campaign against plastic waste, mobilising the participation of the political system, the business sector, and the general public. Other localities—such as Hai Phong, Da Nang, Binh Duong, and Ho Chi Minh City—have also effectively implemented waste-sorting initiatives at source, along with models for plastic-free markets and urban areas.
This year’s World Oceans Day on June 8 is themed 'Wonderful Oceans: Sustaining What Sustains Us', while World Environment Day is on June 5 with the theme: 'Beat Plastic Pollution'.
According to Director of the provincial Department of Agriculture and Environment Le Huu Toan, a fire prevention and control plan has been in place since the dry season began, including round-the-clock patrols and rapid-response teams to snuff out fires before they could spread.
Renowned artists including Ha Anh Tuan, Den Vau, and Phan Manh Quynh, along with many directors and attendees, took part in planting hundreds of rare tree species such as mun (Diospyros mun) and cho chi (Parashorea chinensis) in the Thung Bong area of the Cuc Phuong National Park, contributing to forest ecosystem restoration.
