In the context of globalization and increasing pressure for sustainable development, transitioning to 100% renewable energy has become an essential goal for manufacturing businesses. But the question is: How should businesses implement this to achieve the goal? The Benefits of 100% Renewable Energy Switching to renewable energy not only helps businesses minimize negative environmental impacts but also offers economic benefits. […]
Recently, Mr. An, Pham Dang, Deputy General Director of Vu Phong Energy Group and Director of VP Carbon, participated in and contributed his insights during a seminar to discuss the refinement of the Draft Electricity Law (Amended). The National Assembly Committee on Science, Technology, and Environment organized the seminar in collaboration with the Vietnam Chamber of Commerce and Industry (VCCI). […]
The Emissions Trading System (ETS) is a key tool in controlling pollution and promoting sustainable development. This article provides an overview of how ETS works, its economic impact, and its challenges. Introduction to the Emissions Trading System (ETS) The ETS is a market-based mechanism commonly used in mandatory carbon markets established by nations. It is designed to control greenhouse gas […]
In the context of increasing globalization and climate change, businesses need to focus not only on profitability but also on social and environmental responsibility. The United Nations’ Sustainable Development Goals (SDGs) and Environmental, Social, and Governance (ESG) standards are two key concepts in promoting sustainable development. While these concepts differ, they are closely linked. Understanding SDGs and ESG The Sustainable […]
As major markets implement policies to drive the transition, measuring and transparently reporting emission reductions are essential to every company’s journey to Net-Zero. This article provides an overview of the necessary steps, from calculating emission baselines and data management systems to digital transformation. Additionally, it suggests effective and practical methods for manufacturing businesses. 1. Implementation methodology for businesses aiming for […]
“Carbon Credit” and “Carbon Offset” are often used interchangeably in discussions about carbon credits. However, these terms have distinct differences in market and exchange mechanisms. Businesses and organizations should understand these differences to view these emerging markets comprehensively. So, what exactly are these differences? Let’s explore in the following article! Introduction to Carbon Credit and Carbon Offset In the context […]
On May 10, 2024, Mr. An, Pham Dang, Deputy General Director of Vu Phong Energy Group and Director of VP Carbon, participated in the Talkshow: “Developing rooftop solar power: Which mechanism is suitable?” organized by Vietnam Economic Times/VnEconomy, along with other industry experts. The speakers, including Mr. An, Pham Dang, Ms. Mai, Nguyen Phuong – Consultant for renewable energy projects […]
In addition to environmental and social benefits, optimizing the economic advantages of rooftop solar energy systems is always a concern for businesses. Understanding this, Vu Phong Energy Group – a company with over 15 years of experience in renewable energy – introduces a value-added service package for businesses owning operational solar energy systems. Vu Phong Energy Group accompanies businesses with […]
Many large corporations have come to Vietnam to purchase carbon credits through financial mechanisms, while reducing emissions for Vietnamese businesses is an essential requirement in the global game. Without preemptive preparation, Vietnamese enterprises risk being slow and paying a high price, even facing survival risks against the “green barriers”. Many “key players” support the carbon credit market and green transitioning […]
Renewable Energy Certificates (RECs) have emerged as a powerful tool in the global drive towards a sustainable energy future. These market-based instruments serve as a tradable record of the environmental attributes associated with renewable energy generation. By facilitating the purchase and sale of RECs, RECs incentivize the production of clean energy, reduce greenhouse gas emissions, and promote the growth of […]
In the first month of Q4 2023, Vu Phong Energy Group continues to advance rooftop solar projects. Furthermore, negotiations are underway to accompany numerous businesses on the green transformation and sustainable development journey. Details of Vu Phong Energy Group’s outstanding activities in October, let’s read Vu Phong Magazine October 2023 Desktop Version: Read Magazine Mobile Version: Read Magazine Engagement with […]
To best accompany businesses towards sustainable development and meet green standards following global trends. Vu Phong Energy Group established a member company – VP Carbon, which specializes in consulting services on emission reduction and carbon neutrality for businesses. Services Offered by VP Carbon VP Carbon Joint Stock Company specializes in providing solutions to help businesses efficiently reduce greenhouse gas emissions, […]
As of October 1, 2023, the EU’s Carbon Border Adjustment Mechanism (CBAM) has officially entered its transition phase. Iron and steel is one of the first six industries to be impacted by the CBAM during this initial phase. The ‘greening’ challenge for iron and steel industry enterprises The transition phase of the CBAM runs from October 1, 2023, to December […]
During the transitional phase of the EU’s CBAM mechanism, importers of cement, steel, aluminum, fertilizers, and hydrogen products must report direct and indirect greenhouse gas emissions, including emissions from electricity use during manufacture. What may you not know about the carbon credit market? Ho Chi Minh City needs a breakthrough development mechanism to pioneer in neutralizing emissions VP Energy invests […]
In just a few days, the EU’s Carbon Border Adjustment Mechanism (CBAM) will officially enter its transitional phase, starting October 1, 2023. Proactively adapting to CBAM is a challenge for many businesses in Vietnam, especially those in industries like steel, aluminum, cement,… CBAM & Electricity Emissions: What Businesses Need to Know Ho Chi Minh City needs a breakthrough development mechanism […]
Many green manufacturing and consumption businesses have long prioritized reducing greenhouse gas emissions and carbon footprint. However, with recent strong commitments and actions from Governments, reducing emissions and achieving carbon neutrality is not just a trend but a essential pathway for businesses to avoid being phased out of the market. The global trend With over 100 countries making strong commitments […]
At the COP26 conference, over 100 nations committed to reducing emissions including Carbon neutral, achieving a net emissions level of zero, and reducing methane gas emissions… Reducing greenhouse gas emissions and developing low-carbon economies to achieve Net Zero emissions have become the mainstream global development journey. To learn more about this trend, Vu Phong Energy Group invites you to explore […]
Sustainable development, according to Agenda 21, is defined as development that meets the needs of the current generation without jeopardizing future generations’ ability to meet their own needs. It is a well-balanced development in terms of socioeconomic and environmental factors… Economically sustainable development Economically sustainable development is defined as rapid, safe, and high-quality growth in all aspects of the economy […]
After riding a wave of success, with exports surging nearly 20% in the first nine months of 2022, Vietnam’s textile industry now faces a changing tide. The unparalleled growth, the highest in over a decade, is predicted to encounter headwinds in the final quarter of 2022 and potentially into the first half of 2023. Despite the looming challenges, industry experts […]
Many footwear businesses are promoting the greening of their manufacturing processes, as well as on the adoption of green standards and regulations the origin of goods to take opportunities of the FTAs. Growth prospects in the period 2022-2031 Vietnam presently ranks second in the world in terms of footwear exports, behind only China, and third in terms of manufacturing, […]
Solar greenhouses are a revolutionary idea that has evolved at a time when the globe is struggling to adapt to the issues of climate change and ensuring food distribution. This unique method, which is also referred to as agrivoltaics, combines conventional greenhouse agriculture with the generation of solar energy, ultimately resulting in the creation of a mutually beneficial system that […]
