Green Economy

Adopting advanced energy-efficient cooling technologies and sustainable building practices present a vital opportunity for Vietnam to curb rising power demand, lower emissions, and advance its green transition goals.

Nordic business experience shows that green transition is increasingly tied to cost, productivity, and the ability to meet export market standards, rather than being seen only as an environmental goal.

By 2030 the southern city aims to have at least two industrial parks certified as ecological industrial parks; at least 10% of enterprises in industrial parks applying resource efficiency and cleaner production solutions; and 90% of industrial parks adopting energy-saving and efficient use solutions.

A new circular of the Ministry of Science and Technology provides an exception for enterprises already operating production facilities in Vietnam that need to import machinery or equipment more than 10 years old in order to maintain their operations.

The building of Vietnam’s carbon market’s institutional, technical, and regulatory foundations has proceeded apace since the carbon exchange came into being on June 29, a recent forum heard.

Vietnam is entering a new phase of industrial development as its manufacturing base moves toward higher-value and technology-intensive industries and industrial parks are adapting to meet requirements.