The textile sector is grappling with a daunting carbon footprint, with more than half of its energy consumed in heating processes powered by fossil fuels. Recent research from GEI (2024) confirms that electrification only reduces emissions when the electricity is sourced from clean energy. This article expands on that insight, drawing on Vu Phong Energy Group’s expertise to explore practical pathways […]
Many textile companies now face intense pressure to adopt transparent ESG practices, driven by tightening legal requirements and a growing consumer demand for ethical brands. This article builds on VPEG’s original discussion, offering deeper insights and real-world examples from Vietnam’s textile sector on how ESG is reshaping operations, supply chains, and market access. Key focus: the tangible benefits of ESG […]
Large manufacturing plants like Kim Duc face high electricity costs and environmental challenges. This article explores the collaboration between Vu Phong Energy Group and Kim Duc Corporation to implement a solar power solution, offering practical insights into sustainable energy integration. Drawing from the original post, we analyze how zero capex solar projects align with ESG goals and reduce carbon emissions […]
The global landscape of industrial supply chains is undergoing a profound transformation, driven by digitalization, economic volatility, and an urgent need for sustainability. Businesses are grappling with the imperative to build intelligent, resilient, and cost-efficient supply networks. Furthermore, the development of ESG-compliant and eco-industrial parks is no longer an option but a critical prerequisite for attracting high-quality Foreign Direct Investment […]
Vietnamese businesses are increasingly facing pressure to reduce greenhouse gas emissions, navigate complex environmental regulations, and enhance their global competitiveness. The advent of carbon border adjustment mechanisms (CBAM) and other carbon taxes adds layers of financial risk, making proactive engagement with environmental strategies crucial. This analysis, inspired by an insightful article from Vu Phong Energy Group, delves into the definition […]
Phu Quy island district, located nearly 120 km from the mainland, is likened to the “green pearl” of Binh Thuan province for its rare, pristine beauty. Blue seas, rich coral reefs, and long stretches of white sandy beaches have defined its tourism brand. However, Phu Quy is also harsh on its inhabitants: there is little arable land, making farming and […]
Green finance is gradually becoming a core driver in the journey of green transition and sustainable development. Accessing green finance not only helps reduce capital costs but also creates a long-term competitive advantage, enhancing a company’s resources and market image. As businesses progressively shift towards green operations and tap into green financial resources, they stand to gain significant benefits and […]
In the context where sustainable development is becoming a top priority, businesses need to seek optimal solutions that both control costs and enhance social responsibility. Investing in solar power has emerged as a smart strategy, delivering sustainable value for both enterprises and the environment. The effectiveness of solar investment for businesses is reflected not only in financial and environmental benefits […]
On September 7, 2025, in the province of Gia Lai, the “Green Journey, Digital Knowledge” project was officially inaugurated at two schools: Vinh Son Ethnic Minority Semi-Boarding Secondary School and Vinh Thanh Primary School. This achievement is the culmination of a dedicated journey, overcoming numerous challenges to provide students with a modern and sustainable learning environment. Vinh Son – 2:00 […]
To establish a truly sustainable green transport system, green and clean energy sources must be developed. This plays a key foundational role in determining the success of the green transport transition. The close correlation between green energy and green transport not only helps significantly reduce greenhouse gas emissions but also lays a solid foundation for long-term sustainable development goals. Vietnam’s […]
The 3rd Solar+Wind Congress & EXPO Vietnam 2022, held on May 12, 2022, was a significant event where numerous solutions to optimize the efficiency of solar power projects were extensively discussed and shared by expert speakers. Clean energy solutions for the plastic industry Cooperation to promote carbon neutrality in Asia Optimizing Solar Power Project Efficiency for Sustainable Growth Organized by […]
2021 marked the fifth consecutive year of significant growth for the global carbon market, with its total value soaring by more than 2.5 times compared to the previous year. As governments and businesses worldwide intensify efforts to achieve ambitious Net Zero goals, this impressive growth trajectory for the carbon market is projected to continue robustly across both compliance and voluntary […]
Climate change is unequivocally an urgent global threat and an existential challenge for all species, a fact consistently emphasized in publications from the United Nations and various international organizations. The “Global Risk Report 2022” further underscores this reality by identifying the escalating climate crisis as the most serious long-term risk confronting humanity. Addressing the climate crisis is a cornerstone of […]
Vu Phong Energy Group consistently champions the mission of “develop clean energy for the green environment and sustainable development,” aligning perfectly with this year’s Earth Day theme: “Invest in Our Planet” (April 22). This commitment is a collaborative effort, undertaken with our valued partners and customers, to foster a sustainable future. Earth Day, which commenced on April 22, 1970, in […]
On the morning of June 4, 2025, in Ho Chi Minh City, Vu Phong Energy Group participated in the seminar “Green Solutions for Businesses in the Era of Climate Change – Opportunities and Actions”, co-organized by the Vietnam High-Quality Goods Business Association (HVNCLC) and the Business Studies and Assistance Center (BSA). The event brought together many experts, policymakers, and pioneering […]
On May 9th, 2025, Vu Phong Energy Group successfully organized the Top Sales Meeting 2025, bringing together the Board of Directors and the entire business, technical, and operational teams from regions across the country. This event was not only an annual gathering but also a journey to ignite energy, foster innovative thinking, and strengthen the commitment to new goals. Unified […]
On April 15, 2025, Deputy Prime Minister Bui Thanh Son signed Decision No. 768/QĐ-TTg, approving adjustments to Vietnam’s National Power Development Plan for the period 2021–2030, with a vision to 2050 (PDP VIII). Key development perspectives The adjusted PDP VIII outlines five core development perspectives: Electricity as a pivotal infrastructure sector: Recognizing electricity as a critical infrastructure, the plan emphasizes […]
The carbon credit market is a vital mechanism in the global pursuit of reducing greenhouse gas emissions. This dynamic market is experiencing rapid expansion, marked by an increasing array of trading platforms and participating institutions. As leading experts in sustainable energy solutions, Vu Phong Energy Group understands the intricate details of carbon credits, their regulatory frameworks, and the complex trading […]
On March 4, 2025, the Government issued Decree No. 61/2025/ND-CP, which provides detailed provisions under the Law on Electricity regarding electricity licenses. This decree becomes effective immediately upon signing and is expected to facilitate the operations of businesses in the electricity sector while enhancing transparency and the efficiency of energy sector management. Scope and applicability Decree No. 61/2025/ND-CP applies to […]
On March 3, 2025, the Government issued Decree No. 58/2025/ND-CP, which sets forth new detailed provisions under the Law on Electricity concerning the development of renewable energy and new energy. This decree not only establishes incentive mechanisms but also provides specific regulations to optimize the development of clean energy sources, particularly rooftop solar power. Key points of Decree No. 58/2025/ND-CP […]
On March 3, 2025, the Government issued Decree No. 57/2025/ND-CP, regulating the direct electricity trading mechanism between renewable energy generators and large electricity consumers. This is a significant step forward in promoting renewable energy adoption and enabling businesses to access clean electricity directly. Two methods of direct electricity trading According to the Decree, direct electricity trading refers to transactions conducted […]
On March 3, 2025, the Government issued Decree No. 56/2025/ND-CP, which provides detailed provisions and implementation guidelines for certain articles of the Law on Electricity relating to electricity development planning, distribution network development schemes, investment in electricity projects, and the tendering process for selecting investors for electricity business projects. Scope of application and target subjects Scope of application: This decree […]
At the end of February 2025, the European Commission introduced the Omnibus proposal, aimed at simplifying regulations related to sustainability reporting and corporate due diligence. If approved, Omnibus will reduce administrative burdens for businesses, enhance competitiveness, and encourage investment within the European Union (EU). Key changes in the Omnibus proposal (expected): Corporate sustainability reporting directive (CSRD): Applicable only to companies […]
Sustainable Development defines a crucial global paradigm. It aims to meet present needs without compromising future generations’ ability to meet their own needs. This holistic approach balances socioeconomic advancement with environmental protection. It forms the bedrock of resilient societies and economies. As a leading advocate for green solutions Vu Phong Energy Group recognizes the profound importance of these principles. They […]
On February 24, 2025, in Bangkok, Thailand, Mr. An, Pham Dang – Deputy General Director of Vu Phong Energy Group and Director of VP Carbon – attended the Lancang-Mekong Clean Energy Development Forum 2025. At the event, he delivered a key presentation on “Renewable Energy Solutions & Net-Zero Pathways for Industrial and Urban Development,” sharing practical strategies to help businesses […]
February 27, 2025, marks the 16th anniversary of Vu Phong Energy Group – a journey of continuous growth with the mission of supporting businesses in their energy transition, reducing emissions, and moving towards Net-Zero. Overcoming numerous challenges, Vu Phong Energy Group has established ourselves as a trusted strategic partner and a pioneer in renewable energy and sustainable solutions. Starting as […]
On February 19, 2025, the Appraisal Council officially approved the adjustment of the National Power Development Plan for the period 2021-2030, with a vision to 2050 (PDP VIII). However, certain modifications and additions will be made before submission to the Prime Minister for final approval. This marks a significant milestone in ensuring the sustainable development of Vietnam’s energy sector, particularly […]
Vu Phong Energy Group’s associate company, Construction Joint Stock Company 47 (CC47), a member of the contractor consortium that includes Lung Lo Construction Corporation, Song Da Corporation-JSC, LILAMA 10 Joint Stock Company, SCI E&C Joint Stock Company, Truong Son Construction Corporation, and Vietnam Construction and Import-Export Joint Stock Corporation, has successfully won the bid and signed the contract for Package […]
As sustainable development and the green economy become a global necessity, the green transition is no longer optional but an urgent requirement for manufacturing enterprises. Policies such as the EU’s Carbon Border Adjustment Mechanism (CBAM) and Vietnam’s Decree 06/2022/NĐ-CP have introduced strict greenhouse gas (GHG) emission reduction standards. This demands that businesses not only adopt green transition solutions but also […]
As energy demand continues to rise and renewable energy sources such as solar and wind power grow rapidly, efficient energy storage and management have become critical challenges. Energy Storage Systems (ESS) have emerged as an advanced solution to balance supply and demand while enhancing energy utilization efficiency. What is an Energy Storage System (ESS)? An Energy Storage System (ESS) refers […]
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 […]
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). […]
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 […]
“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 […]
Implementing ESG practices are becoming a crucial focus for many businesses. However, a comprehensive understanding of ESG practices and the appropriate reporting frameworks companies can use to measure long-term ESG strategies is still a common concern. Therefore, Vu Phong Energy Group has prepared this article to help address some of these questions. Overview of ESG and reporting frameworks ESG stands […]
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 […]
On February 27, 2024, Vu Phong Energy Group officially celebrated the 15th anniversary, a significant milestone in the mission journey of “Develop clean energy for the green environment and sustainable development”. The anniversary ceremony, themed “New Position – New Motivation”, was attended by over 100 guests, including strategic shareholders, partners, customers… and the entire Vu Phong Energy Group team. It […]
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 […]
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 […]
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 […]
Thanks to favorable natural conditions with high solar radiation and a significant number of sunlight hours throughout the year, the Southern region of Vietnam holds immense potential for solar energy development. This clean energy source is recognized for its vital role in the region’s growth trend. Flexible Rooftop Solar Power: A New Trend Florida utility aims to build world’s biggest […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
