Green Economy

EPR regulations are now in place for certain industries in Vietnam, with enterprises to exhibit a degree of environmental stewardship as they focus on economic output.

This initiative comes as Vietnam aims to achieve net-zero emissions by 2050 while facing global competitive pressures.

The State Bank of Vietnam has introduced an action plan to ensure sustainability within the country’s financial system.

Many countries worldwide, such as China, Thailand, and the US, have successfully implemented Energy Saving Funds and ESCO models.

It is projected that the conversion rate to electric and green energy buses will reach approximately 10% by 2025, 20-23% by 2026, 34-39% by 2027, 47-54% by 2028, 79-89% by 2029, and r100% by 2030.

The partnership aims to establish a scalable and replicable model for non-intermittent renewable energy, which will be able to develop in off-grid areas, including offshore islands.