On the afternoon of January 10, 2025, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) officially launched the “Handbook for operation & maintenance of rooftop solar systems.” This essential resource supports organizations and individuals in maximizing the efficiency of their rooftop solar systems, contributing significantly to energy transition and sustainable development. According to the National Power Development Plan, Vietnam aims for […]
The 2025 Handbook, themed “Twin Transition – Partnership for Development,” provides practical and effective solutions for a sustainable future by integrating digital transformation and green energy transition. In addition to outlining a clear roadmap to achieve Net-Zero, the handbook highlights collaborative initiatives in renewable energy while creating positive impacts for communities through projects like Green Journey – Digital Learning. Explore […]
With Vietnam’s strong commitment at COP26 to achieving Net-Zero emissions by 2050, the green transition is no longer an option but an urgent requirement for enterprises. In this context, energy-saving solutions and the shift towards renewable energy have become essential strategies that enable companies to meet international standards while optimizing costs. Vu Phong Energy Group’s Zero Capex Solar solution (PPA), […]
On October 22, 2024, Decree No. 135/2024/ND-CP, which regulates mechanisms to encourage the development of self-production and self-consumption rooftop solar power, was issued, bringing new potential to accelerate the green transition in Vietnam. To provide an accessible overview, the October 2024 edition of Vu Phong Magazine has summarized key points from Decree No. 135 for businesses, helping readers quickly grasp […]
To promote renewable energy use and minimize environmental impact, the Government of Vietnam issued Decree No. 135/2024/ND-CP on October 22, 2024, which establishes and encourages the development of self-production and self-consumption rooftop solar power. This decree represents an important step toward realizing the strategy for sustainable energy development. Key points of Decree No. 135/2024/ND-CP 1. Scope and applicability: Decree No. […]
On October 26, 2024, the signing ceremony and official launch of the “Green Journey, Digital Learning” project took place in Quy Nhon, with the participation of Construction Joint Stock Company 47 (CC47), Vu Phong Energy Group, Xanh Yeu Thuong(*), AI Education, and SUN Edu. This project is a multi-party collaboration initiated to commemorate the 50th anniversary of CC47. It aims […]
Robot as a Service (RaaS) solution – A zero investment automation option to help businesses optimize costs, improve production efficiency, and minimize workplace accidents without large upfront investment. In modern manufacturing, robotic arms have become essential tools. These automated systems enhance efficiency, improve accuracy, and reduce errors in production processes. Robotic arms are commonly used in various sectors such as […]
Vu Phong Magazine for September 2024 highlights key activities of Vu Phong Energy Group in driving green transition and digitalization, with a special focus on our participation in the GRECO 2024 exhibition. Read now: Desktop Version: Read Magazine Mobile Version: Read Magazine September 2024 was marked by many notable Vu Phong Energy Group activities promoting green transition and digitalization, working […]
At the opening event of “The 2nd Green Growth Show – GRECO 2024,” in the space managed by the Saigon Hi-Tech Park (SHTP), Vu Phong Energy Group’s exhibition space attracted significant attention from delegates and visitors. The exhibition featured solutions for 100% renewable energy use, promoting green transition and digital transformation. GRECO 2024 continues until September 25, 2024, on Nguyen […]
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). […]
Vu Phong Magazine August 2024 brings you updates on the outstanding news and activities of Vu Phong Energy Group, demonstrating our pioneering role in renewable energy and sustainable development. We invite you to read the August 2024 issue of Vu Phong Magazine: Desktop version: Read Magazine Mobile version: Read Magazine One of the month’s highlights is Vu Phong Energy Group’s […]
In today’s business environment, renewable energy, particularly solar power, is emerging as an essential trend. With numerous outstanding benefits, adopting solar power systems not only helps businesses save on costs but also offers significant additional impacts. Advantages of Solar Power Systems for Businesses Installing a solar power system can significantly reduce a business’s monthly electricity expenses, increasing profitability. With solar […]
On the afternoon of August 27, 2024, Mr. An, Pham Dang, Deputy General Director of Vu Phong Energy Group and Director of VP Carbon, participated as both a speaker and moderator at the “Green Economy with Net Zero” workshop held during the VIFA ASEAN 2024 exhibition. This event introduced green transition solutions, aimed at helping the furniture and wood processing […]
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 […]
In the July 2024 edition of Vu Phong Magazine, we highlight practical activities that accompany businesses in their green transition. This includes measurement platforms and rooftop solar project transfer solutions, alongside various activities by Vu Phong Energy Group, our member and associated aimed at reducing greenhouse gas emissions. On the journey to reducing emissions, businesses must systematically implement projects and […]
Renewable Energy Certificates (I-RECs) are becoming increasingly important in the global context of rising demands for energy transparency and commitment to greenhouse gas reduction. For renewable energy projects, I-RECs serve as proof of clean energy production and unlock new financial potential. This article explores the significance of I-RECs, how they support Scope 2 greenhouse gas reductions, their financial benefits, and […]
The year 2024 has been remarkable for significant advancements in the renewable energy sector. These improvements help reduce carbon emissions and drive the sustainable development of the global economy. In this article, we will highlight some of the most notable advancements. Outstanding technological innovations Energy storage technology Solid-state batteries: Technology has substantially progressed, enhancing performance and reducing energy storage costs. […]
Transferring solar power projects brings economic benefits, promotes sustainable development, and reduces carbon emissions. This process allows investors to access completed and efficiently operating projects, saving time and resources compared to building new ones. Additionally, transferring projects enables businesses to focus on their competitive strengths. This article is about the process and investment opportunities with Vu Phong Energy Group for […]
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 […]
To achieve sustainable development, businesses must prioritize the environmental aspect of ESG. This article will analyze measures companies can take to protect the environment. Vu Phong Energy Group takes a proactive approach to anti-epidemic and customer service ESG: The guiding principles for Sustainable Business Development | Vu Phong Magazine June 2024 Why is the environmental aspect often a focus for […]
Rooftop solar power is one of Vietnam’s fastest-growing renewable energy sources, especially as the world strives toward sustainable development goals. While this transition offers numerous opportunities, Vietnamese businesses face challenges quickly aligning with the green shift trend. The Importance of Solar Power Developing solar power brings significant benefits not only to the environment but also to the economy. According to […]
In addition to activity updates, the June 2024 issue of Vu Phong Magazine will provide readers with essential knowledge on practicing ESG (Environmental, Social, and Governance) to achieve Net-Zero sustainably. This includes an overview of global ESG implementation and commonly used reporting frameworks. In June, Vu Phong Energy Group and our member, VP Carbon, undertook several activities in collaboration with […]
“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 […]
In April 2024, Vu Phong Energy Group carried out a series of strategic activities, continuing to affirm its new position, a firm commitment to sustainable development and green transition through participation and organization of significant events, as well as the implementation of new investment packages, accompanying businesses and families on their journey of emission reduction, green transition, aiming towards Net-Zero […]
On April 24-25, 2024, Mr. An, Pham Dang, Deputy General Director of Vu Phong Energy Group and Director of VP Carbon, attended the workshop “Electricity Market Designs for Renewables in Southeast Asia.” The event took place in Bangkok, Thailand, as part of the “Clean, Affordable and Secure Energy for Southeast Asia” (CASE) project, co-organized by GIZ and the Southeast Asia […]
On April 22, 2024, the Ho Chi Minh city Institute for Development Studies (HIDS) organized a scientific seminar titled: “Development of the carbon credit market in Ho Chi Minh City.” The event attracted participation from businesses, experts, and scientists… During the three-hour session, the advisory board implemented “Resolution No. 98/2023/QH15 of the National Assembly on piloting certain mechanisms and policies […]
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 […]
Explore information about carbon credits, approaches, and integration of voluntary and mandatory markets, and look back at Vu Phong Energy Group’s activities. All this and more in the May 2024 edition of Vu Phong Magazine. Our continuous efforts at Vu Phong Energy Group and our subsidiaries are dedicated to achieving a seamless and effective green transition for our partners and […]
In March 2024, several strategic activities took place, including the participation of Mr. Phong, Pham Nam – Chairman of the Board of Directors of Vu Phong Energy Group – in a program to meet with the community of innovation and creativity in Ho Chi Minh City (HCMC) organized by the People’s Committee of HCMC. Repositioning the member company – VP […]
On the morning of March 28, 2024, the People’s Committee of Ho Chi Minh City (HCMC) organized a program to meet with the community of innovation and creativity in HCMC. Attending the program, Mr. Phong, Pham Nam – Chairman of the Board of Directors of Vu Phong Energy Group – along with some experts in the community of innovation and […]
Greenhouse gas inventory is the first important step in helping businesses understand their emission situation, thereby developing reasonable and effective plans to reduce greenhouse gas emissions. What are greenhouse gas and which businesses need greenhouse gas inventory? Greenhouse gas & greenhouse gas inventory According to the Environmental Protection Law (issued on November 17, 2020), greenhouse gas are gas in the […]
“Reducing Carbon footprint towards Net Zero” is the theme launched by the World Wide Fund for Nature (WWF) in the 2024 Earth Hour Campaign (taking place from 8:30 p.m. to 9:30 p.m. on March 23, 2024). Originating from a lights out event in Sydney, Australia 2007, Earth Hour – initiated by WWF – has become an annual global movement for […]
The global trend of using electric vehicles globally and in Vietnam opens up strong growth prospects for public electric charging services to serve green vehicles soon. Becoming a partner in installing electric vehicle charging stations with Vu Phong Energy Group requires no investment, and partners will share revenue from this potential market. How do we cooperate in installing electric vehicle […]
In 2023, global CO2 emissions related to energy increased by 410 million tons – equivalent to a 1.1% rise; lower than the increase of 490 million tons (1.3%) in 2022. According to the IEA, clean energy technologies (solar energy, wind, nuclear energy, heat pumps, and electric cars) played a crucial role in reducing emission growth during the period 2019-2023. Nearly […]
With a capacity of 875 MW and a storage capability of 3,287 MWh, the Edwards & Sanborn Solar and Energy Storage facility in the Mojave Desert, California, USA, has become the world’s largest solar and battery storage project. Construction of the Edwards & Sanborn Solar and Energy Storage facility began in early 2021, commenced operations in February 2023, and was […]
With the addition of nearly 510 GW, the global renewable energy growth rate in 2023 has reached its fastest pace in two decades. According to the International Energy Agency (IEA) report, three-quarters of this added capacity comes from solar power. A new record for 22 consecutive years According to the Renewable Energy 2023 report: Analysis and Forecast until 2028, recently […]
Vietnam has significant potential to grow its carbon credit market, especially as the global shift towards green transition and emission reduction to combat climate change gains momentum. To seize the opportunities presented by the development of the carbon credit market, businesses will need to overcome several challenges, starting with meeting international standards… Developing the carbon credit market in Vietnam According […]
On the Lunar New Year 2024, the Board of Directors and all Vu Phong Energy Group members wish our Customers and Partners a New Year filled with peace, happiness, and abundant prosperity. Vu Phong Energy Group wishes you abundant health and energy to confidently stride forward and achieve many new successes in the journey of green transition in the coming […]
Construction Joint Stock Company 47 (HOSE: C47) has been honored again in the Top 500 Largest Private Enterprises in Vietnam in 2023 – part of the VNR500 rankings, marking the 16th consecutive year of achieving this recognition. C47 prioritizes hydroelectric and irrigation projects in Vietnam and Laos Global collaboration in wind project development and implementation in Vietnam C47 Celebrated 16 […]
The global green transition is very strong worldwide. It is considered the common path globally, driven by the highest authorities, including Governments. Green transition is not just a trend; it’s an essential journey for businesses to thrive in the market, enhance competitiveness, and achieve sustainable development. In November 2021, at the COP26 conference, Prime Minister Pham Minh Chinh announced Vietnam’s […]
On January 6, 2024, Export Import Development Investment Company Limited (VIEXIM), a subsidiary of Hanoi Plastics JSC, signed a collaboration agreement with VP Energy and Vu Phong Energy Group to develop a rooftop solar power system at the factory in Yen My district, Hung Yen province. With this agreement, VIEXIM becomes the latest member of An Phat Holdings’ ecosystem to […]
Vu Phong Tech – Vu Phong Energy Group provides expert O&M services for rooftop solar power systems, support the sustainable development of business and optimizing the return on investment in clean energy. Operation and maintenance for wind power: “billion-dollar” market How to have a good operation and maintenance process? The webinar hosted by Vu Phong Tech drew more than 300 […]
Harnessing the sun’s limitless energy, Solar for House initiatives in 2024 have transformed residential power consumption. With advancements in photovoltaic technology, homeowners are now empowered to not only diminish their carbon footprint but also enhance their property’s value and achieve energy autonomy. The installation of solar panels is no longer just an eco-conscious choice; it’s a financially savvy move, thanks […]
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 […]
The carbon credit market is emerging as a critical component in the global effort to mitigate greenhouse gas emissions. This market is experiencing a significant uptick in activity, characterized by an increase in both the number and diversity of trading exchanges and institutions. As we delve deeper into this article, we will explore a range of intriguing details about carbon […]
This composition will elucidate the concept of an EPC contract, delineate the duties of an EPC general contractor, and highlight the manifold advantages that an EPC contract offers to investors. What is EPC? EPC, short for Engineering, Procurement, and Construction, refers to the design-build construction of solar photovoltaic energy systems. SWELECT (It is combined from “SWE” and “ELLECT,” where “SWE” […]
ACA-Vietnam, a member of ACA (Alliances for Climate Action), collaborated with WWF-Vietnam and VP Carbon to organize an end-of-year program for members on December 22, 2023. Mr. An, Pham Dang, Director of VP Carbon and Deputy General Director of Vu Phong Energy Group, coordinated the program and shared views on the carbon market and Renewable Energy Certificates (RECs) market with […]
What is the PPA (Power Purchase Agreement) Model? The PPA model, a cornerstone of the Vu Phong Energy Group’s operations, is a contractual framework that facilitates the buying and selling of energy. This long-term agreement, spanning 10 to 25 years, is established between an electricity producer and a consumer. It enables customers to enter into power purchase agreements with third-party […]
Ho Chi Minh City (HCMC) and Chungbuk (or Chungcheongbuk – Korea) can collaborate to develop economic sectors that apply digital technology and smart technology for sustainable development, focusing on an opportunity in the energy sector… by harnessing the strengths of each region. The Chungbuk Provincial Council hosted the HCMC – Chungbuk Business Forum on the afternoon of December 18 in […]
On the afternoon of December 14, the 6th Vietnam Energy and Technology Forum 2023 took place in Hanoi, organized by the Ministry of Science and Technology, Ministry of Industry and Trade, and Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK); and coordinated by the Department of Technology Application and Development, Department of Electricity and Renewable Energy in collaboration […]
The introduction of a green finance platform, climate investment funds, and over 120 nations’ commitment to triple global renewable energy capacity by 2030… These are the highlights of the COP28 Conference, which have been recognized as important milestones in reducing global carbon emissions and promoting renewable energy development. Nearly 120 countries commit to renewable energy goals During the COP28 Conference, […]
In November 2023, in addition to continuing to implement projects, sign new projects, and deliver completed systems, Vu Phong Energy Group participated in many sharing activities at major conferences, seminars, and forums related to sustainable development and the energy transition in Vietnam. Details of Vu Phong Energy Group’s outstanding activities in November, let’s read Vu Phong Magazine November 2023 Desktop […]
The 2nd Technical Working Group on Renewable Energy held its second meeting of 2023 on the afternoon of November 24th, within the Vietnam Energy Partnership Group (VEPG) partnership framework. During the meeting, representatives updated, shared, and discussed various topics related to promoting the development of renewable energy sources and energy transition in Vietnam, including insights into rooftop solar for industrial […]
The final round of the Creative Idea Challenge – CiC 2023 was held on November 25, 2023, in Ho Chi Minh City. Mr. Tri, Nguyen Quang, General Director of Vu Phong Energy Group, attended and awarded scholarships totaling 60 million VND to the top student teams. Vu Phong Energy Group’s highlighted activities in August 2022 Promoting sustainable development for businesses […]
On November 22, 2023, in the capital Vientiane, Laos, Phongsupthavy Group Company, along with the contractor consortium led by Construction Joint Stock Company 47 (HOSE: C47) and Power Engineering Consulting Joint Stock Company 3 (EVNPECC3), held a signing ceremony for the EPC (Engineering, Procurement, and Construction) contract titled “Design, supply, installation of hydraulic machinery and construction of the project” for […]
The rooftop solar power system of Duy Tan Plastics Company, a subsidiary of Duy Tan Plastics Manufacturing Corporation, in Binh Duong, has a capacity of 2.17 MWp. The system contains 16 SMA 110kW inverters and 3,289 high-performance 660W Canadian solar panels. On November 22, 2023, the system was officially handed over. Clean energy solution for the plastic industry VP cooperates […]
On the afternoon of November 14, in Ho Chi Minh City, the opening session of the program “Innovation and Sustainable Development” and the Annual summit on Unlocking business potential for sustainable development took place. Mr. An, Pham Dang, Deputy General Director of Vu Phong Energy Group, and Director of VP Carbon, attended and participated in the panel discussion as part […]
Recognize RECs to contribute to the development of renewable energy, to reach 100% renewable energy and the Net Zero objective in Vietnam. This perspective was offered by Mr. An, Pham Dang, Director of VP Carbon and Deputy General Director of Vu Phong Energy Group, at a Seminar on the transition to net-zero emissions on November 7, 2023. Understanding the Significance […]
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 […]
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 […]
On September 29, 2023, the project management of the rooftop solar power system celebrated a milestone of 15,000 safe man-hours at the construction site in Dong Nai. TotalEnergies, the project’s investor, recognized Vu Phong Energy Group’s achievement in ensuring safety throughout the project. Project Overview The rooftop solar power system has a total capacity of 1.15 MWp and construction commenced […]
Vu Phong Energy Group collective stepped into September 2023 with excitement and abundant energy, initiating a meaningful sharing session to create an ideal work environment. This session occurred at the new office of Vu Phong Energy Group in Ho Chi Minh City – a more extensive, modern building located at 19 D8 Street, Caric Residential Area, An Khanh Ward, Thu […]
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 […]
On September 15, at Tan Phu Trung Industrial Park, Cu Chi, Ho Chi Minh City, the handover ceremony of a 2.23 MWp rooftop solar power system of the factory of Kem Nghia (Nghia Nippers Corporation) took place. The ceremony was attended by Mr. Tu, Tran Minh – Deputy General Director of Kem Nghia; Mr. Thuong, Duong Van – Head of […]
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 […]
On September 8, 2023, An Tien Industries, VP Energy, and Vu Phong Energy Group joined in signing a collaboration aimed at developing a solar rooftop system at the An Tien Industries factory in the Southern Industrial Park, Van Phu Commune, Yen Bai City, Yen Bai Province. The system has a capacity of 2.56 MWp and will be developed through a […]
In August, the Vu Phong Energy Group embarked on an accelerated deployment of solar power systems on businesses’ rooftops. Some of these systems are in the final stages and are expected to be completed in September 2023. Details of Vu Phong Energy Group’s outstanding activities in June, let’s read Vu Phong Magazine August 2023 Desktop Version: Read Magazine Mobile Version: […]
On August 29, 2023, during the Seminar “Discussion on the energy transition roadmap towards 100% renewable energy and Net Zero in Vietnam,” many experts and energy industry leaders shared insights and discussed policy recommendations for achieving 100% renewable energy by 2050 in Vietnam. The seminar featured the participation of Mr. An, Pham Dang, Deputy General Director of Vu Phong Energy […]
At the Smart and Sustainable City Forum 2023, held on the afternoon of August 23, 2023, both local and international experts discussed many energy solutions to meet the demands of developing cities in Vietnam. Mr. Phong, Pham Nam, Founder and Chairman of the Board of Directors of Vu Phong Energy Group, shared at the forum. Vietnam Energy and Technology Forum […]
With accompanied by Vu Phong Energy Group and JCI Dalat, TheLIGHT project under JCI East Saigon recently embarked on a journey filled with meaningful and memorable. Their mission is to provide solar power to the underprivileged residents of Makar, a remote community in Da Quyn commune, part of an ethnic minority and mountainous region in Duc Trong district, Lam Dong […]
Approximately 50,000 companies must report on their sustainability efforts under the Corporate Sustainability Reporting Directive (CSRD). This includes both EU-based and non-EU corporations that operate within the EU. This directive will also indirectly affect many other businesses, such as those in the supply chain. How to Harness Solar Energy for Good and Profit Footwear enterprises use green standards to increase […]
A sustainable development strategy has a considerable influence, representing social responsibility and being a decisive factor in a company’s success and sustainability. Building and carrying out a sustainable development strategy will assist businesses in creating long-term value, managing risks efficiently, adapting flexibly, enhancing efficiency and resource conservation, and improving brand image and consumer goodwill. This helps businesses gain a competitive […]
Renewable energy sources are acknowledged for Ho Chi Minh City’s significant contribution to environmental protection and sustainable development. Developing Renewable Energy in Ho Chi Minh City The topic of Voice of Vietnam (VOV) held on July 29 was “Developing Renewable Energy in Ho Chi Minh City – Opportunities and Challenges.” Mr. An, Pham Dang, Deputy General Director of Vu Phong […]
Electricity costs often account for a significant proportion of a manufacturing business’s overall operational expenses, impacting product pricing and profitability. Efficient electricity-saving measures may assist enterprises in optimizing their operating expenses while simultaneously reducing greenhouse gas emissions, contributing to environmental protection. Electricity Consumption in the Industrial Sector The industrial sector is the nation’s largest energy consumer, accounting for over 50 […]
The 1.5 MWp solar power system will be installed on Chien Thang Industrial Company Limited’s rooftop. This system was developed under a Power Purchase Agreement (PPA) cooperation model, invested by VP Energy and Vu Phong Energy Group provided EPC general contractor and operation and maintenance (O&M). On July 22, 2023, the signing ceremony took place. Collaboration for rooftop solar power […]
International experts recognize Carbon Capture and Storage (CCS) technology as a critical intermediate and long-term solution to achieve net-zero emissions. >What is carbon capture and storage? Carbon Capture and Storage (CCS) is a process that captures carbon dioxide (CO2) emissions from various sources and transports them to safe, long-term storage locations, such as deep geological formations underground or under the […]
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 […]
“In terms of policy, I believe that self-consuming rooftop solar has a tremendous opportunity ahead of it. Many factories in industrial zones have yet to install rooftop solar systems,” shared Mr. An, Pham Dang, Deputy General Director of Vu Phong Energy Group, in June 30, 2023, in the panel discussion “The lessons learnt from the pioneer investors” at the Forbes […]
In Ho Chi Minh City, administrative agencies and public service units will be permitted to install rooftop solar power systems. This is one of the mechanisms and policies recently approved by the National Assembly in Resolution No. 98/2023/QH15 on piloting a number of specific mechanisms and policies for the development of Ho Chi Minh City. Many opportunities for energy collaboration […]
The Annual General Meeting of Shareholders 2023 was successfully held on the afternoon of June 23, 2023, at the representative office at 61 Cao Duc Lan, An Phu Ward, Thu Duc City, Ho Chi Minh City. Vu Phong 2023 AGM: A Successful Gathering The meeting got a report on the Board of Directors’ activities in 2022 as well as the […]
The Sustainable Development Goals Report (SDGs) is critical in assessing progress toward the SDGs at the global and regional levels. The United Nations conducted this report, which is updated yearly. In this article, we will explore the significance and components of a Sustainable Development Goals Progress Report, as well as provide an overview of some of the highlights from the […]
Quality Assurance in Solar Power System Installation is paramount in harnessing the sun’s energy, a choice increasingly favored by households and businesses alike. This low-risk, cost-effective investment not only promises significant savings on electricity bills but also the potential to augment income. Nevertheless, the cornerstone of leveraging solar power lies in the assurance of superior construction quality, coupled with the […]
In May 2023, Vu Phong Energy Group engineers maintained the work on developing clean energy systems with the goal of early operation and transfer to producing enterprises. Health, Safety, and Environment (HSE) management is always given priority at each project, particularly when the Southern area approaches the rainy season with heavy rain and high winds. Please read Vu Phong Magazine […]
Mr. An, Pham Dang, Deputy General Director of Vu Phong Energy Group, shared information on job opportunities in the renewable energy industry in the context of sustainable development at the workshop. On June 3, 2023, the workshop was held as part of the Social Impact Career Fair event at the University of Social Sciences and Humanities, National University of Ho […]
Tetra Pak achieved an 84% renewable energy consumption rate in 2022 with 8.47 MW of solar power installed throughout their operations. Tetra Pak is taking another step in using renewable energy, reducing greenhouse gas emissions, and minimizing their carbon footprint in production operations by operating a 1.23 MWp solar power system on the roof of their factory in Binh Duong […]
Vinamilk’s dairy farm and milk factory in Nghe An has recently received the PAS 2060:2014 Carbon-Neutral certification, making Vinamilk the first dairy company in Vietnam to achieve Carbon-Neutral at both the factory and farm. The total greenhouse gas emissions neutralized by these two units, according to Vinamilk’s report, are equal to 17,560 tons of CO2 (equivalent to nearly 1.7 million […]
On the morning of May 25, 2023, Dalat Worsted Spinning Limited Company opened the Dalat Worsted Spinning Factory – DWS. This is the first worsted yarn spinning mill factory in Vietnam with modern machinery and uses clean energy for production through a solar power system with a capacity of 2,04 MWp. The Dalat Worsted Spinning Factory – DWS of Dalat […]
According to the National Power Development Plan VIII for the period of 2021 – 2030, with a vision to 2050 (referred to as the Power Development Plan VIII), development orientation the electricity will promote the development of renewable energy sources, new energy, clean energy suitable with the ability to ensure system safety with reasonable electricity prices, especially self-generating, self-consuming and […]
Sustainable development is known as a way of helping businesses to remain competitive in the market. And what are the unique advantages of enterprises moving toward sustainable development? Impressive textile factories rooftop solar power system Assessing Sustainable Development: Principles and Criteria From the urgent requirement of practice A sustainable development strategy that is closely linked to business goals is seen […]
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 […]
In April 2023, amidst record-breaking heatwaves or the “worst heat wave in Asian history,” the engineers at Vu Phong Energy Group continue to work tirelessly towards developing clean energy systems with the goal of early operation and system transfer to manufacturing businesses. Utilizing renewable energy and sustainable development not only helps businesses increase market competitiveness, but also contributes to reducing […]
The Board of Directors of Construction Joint Stock Company 47 (HOSE: C47), an associated company of Vu Phong Energy Group, presented the business plan for 2023 to the General Meeting of Shareholders at the Annual General Meeting (AGM) of Shareholders in 2023, with total revenue of 1,000 billion VND, after-tax profit of 25 billion VND, and a minimum dividend payout […]
The development and use of clean and renewable energy sources, notably rooftop solar power, is a necessary solution that will greatly contribute to the construction and growth of a green economy in Ho Chi Minh City. This is the consensus of experts who spoke at April 18, 2023, Meeting “Building and Developing a Green Economy in Ho Chi Minh City,” […]
In March 2023, Vu Phong Energy Group continued implementing projects and started a solar power system project at Dalat Hasfarm’s farm (Da Lat, Lam Dong). During the month, Robot VPT-RB1200-S1, 100% “Make in Vietnam” product of Vu Phong Energy Group, was also displayed at the “green economy” exhibition within the framework of the High-Quality Vietnamese Products 2023 announcement program and […]
Ho Chi Minh City has the potential to be pioneering in achieving emission reduction targets, the neutrality of greenhouse gas emissions, and the increased use of renewable energy. However, the locality requires some groundbreaking development mechanisms to exploit this potential fully. The Ho Chi Minh City National Assembly Delegation held a Meeting on March 30 to discuss and comment on […]
Amidst the burgeoning eco-conscious movement, solar power systems for business have emerged as a beacon of sustainability, significantly diminishing emissions and the carbon footprint associated with industrial operations. The innovative PPA (Power Purchase Agreement) model , a brainchild of Vu Phong Energy Group, stands out for its tangible and efficacious advantages. This avant-garde model has enabled Vu Phong to ingeniously […]
