boosting green finance for a low carbon economy in vietnam

Boosting green finance for a low-carbon economy in Vietnam

As Vietnam aims for a low-carbon growth model and carbon neutrality by 2050, the International Finance Corporation (IFC), in partnership with the Swiss State Secretariat for Economic Affairs (SECO), is scaling up its support to the government to promote sustainable finance and spur private sector investment.
basf vietnam hands over sixth public playground for children

BASF Vietnam hands over sixth public playground for children

BASF Vietnam handed over a low-carbon playground to the local authorities in Ho Chi Minh City's District 12 on November 3 as a joint effort with the social enterprise Think Playgrounds.
lego starts construction of its first carbon neutral factory in vietnam

Lego starts construction of its first carbon-neutral factory in Vietnam

11 months after signing the MoU, Denmark’s Lego Group kicked off its $1.3 billion factory in the southern province of Binh Duong on November 3, the largest foreign-invested project to pour capital into the province since the pandemic.
action plans for high income and low carbon future

Action plans for high-income and low-carbon future

About $184 billion at current value – that’s the estimate of the potential investment opportunities for the private sector over the next couple of decades to help Vietnam on a climate-resilient and net-zero development pathway.
race for hydrogen energy heating up against backdrop of carbon free future

Race for hydrogen energy heating up against backdrop of carbon-free future

The emerging hydrogen market is set to be very complex, and for Vietnam to become a producer and exporter of green hydrogen over the next five years, there will be huge challenges, but the potential upsides are vast.
ways to fund vietnams cop26 commitments

Ways to fund Vietnam’s COP26 commitments

At the 2021 United Nations Climate Change Conference (COP26), Vietnam pledged to reach net-zero carbon emissions by 2050 and to phase out coal-fueled power generation by 2040.
insee ecocycle 2022 conference showcases collaboration with key partners

INSEE Ecocycle 2022 conference showcases collaboration with key partners

INSEE, the leading cement maker in Vietnam, and its partners have shown strong commitments to fulfil 'Net Zero' by 2050.
germany to support vietnam in fostering socioeconomic growth

Germany to support Vietnam in fostering socioeconomic growth

Germany is willing to make significant efforts to support Vietnam in achieving its socioeconomic growth goals in collaboration with the target of carbon neutrality by 2050 and the phase-out of coal-fired energy by the 2040s.
first danish invested factory in an giang starting operation

First Danish-invested factory in An Giang starting operation

The $17 million Spectre garment factory, which is funded by a Danish investor, in An Giang will be partly powered by renewable energy and create more than 2,500 local jobs.
malaysia announces low carbon aspiration 2040 initiative

Malaysia announces Low Carbon Aspiration 2040 initiative

Malaysia’s average Gross Domestic Product (GDP) is set to expand by 13 billion RM (2.85 billion USD) a year with the implementation of the Low Carbon Aspiration 2040 initiative, according to Prime Minister Ismail Sabri Yaakob.
vietnams smooth transition to net zero by 2050

Vietnam's smooth transition to net zero by 2050

Wärtsilä has revealed that renewable-based power systems, backed by grid balancing engines and energy storage, can enable Vietnam to reach net zero by mid-century whilst cutting the levelled cost of electricity (LCOE) by 20 per cent when taking into account future carbon taxes.
private sector expected to support the green growth model in vietnam

Private sector expected to support the green growth model in Vietnam

Last year Vietnam made a remarkable commitment to achieve net-zero carbon emissions by 2050. Patrick Lenain, senior associate of the Swiss-based Council on Economic Policies, shares some recommendations to encourage the private sector’s role in this ambitious target.
companies stumped by ghg emission obligations

Companies stumped by GHG emission obligations

Although the Vietnamese government is advocating the development of a low-carbon economy, many businesses are scratching their heads over applying proper solutions to make their performance more environmentally friendly.
from carbon ambition to delivery

From carbon ambition to delivery

Having set aggressive decarbonisation targets, companies now face the challenge of executing at pace during a time of unprecedented turbulence.
new finance instruments in play for climate future

New finance instruments in play for climate future

Given the current status, a novel public development bank or energy-focused financial vehicle could support Vietnam to realise its goal of transitioning to a low-carbon, climate-resilient economy in an equitable manner.