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 […]
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 Solutions, attended and participated in the panel discussion as […]
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 Solutions and Deputy General Director of Vu Phong Energy Group, at a Seminar on the transition to net-zero emissions on November 7, 2023. The seminar, […]
To best accompany businesses towards sustainable development and meet green standards following global trends. Vu Phong Energy Group established a member company – VP Carbon Solutions, which specializes in consulting services on emission reduction and carbon neutrality for businesses. VP Carbon Solutions Joint Stock Company specializes in providing solutions to help businesses efficiently reduce greenhouse gas emissions, towards carbon neutrality. […]
An International Renewable Energy Certificate (I-REC) is a type of Energy Attribute Certificate (EAC). It can be used to promote renewable energy production and reduce greenhouse gas emissions. What is a Renewable Energy Certificate (REC)? Concept of Renewable Energy Certificate (REC) A Renewable Energy Certificate (REC), also known as an Energy Attribute Certificate (EAC), is a certificate used to demonstrate […]
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,… What is the Carbon Border Adjustment Mechanism (CBAM)? The European Union’s CBAM is an environmental trade policy that […]
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. The Smart and Sustainable City […]
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 […]
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. The industrial sector is the nation’s largest energy consumer, accounting for over 50 per cent of overall energy consumption. […]
International experts recognize Carbon Capture and Storage (CCS) technology as a critical intermediate and long-term solution to achieve net-zero emissions. What is CCS, and how does it work? 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 […]
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 […]
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 […]
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 […]
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 […]
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,” […]
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 […]
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 […]
In the context of an increasing number of businesses choosing to use solar power to reduce emissions and carbon footprint in their production activities, the PPA (Power Purchase Agreement) model pioneered by Vu Phong Energy Group is highly regarded for its practical and effective benefits. With this model, Vu Phong has developed and transferred a series of rooftop solar power […]
As an EPC General Contractor, Vu Phong Energy Group installed a 1 MWp solar power system on the roof of Vietnam Nippon Seiki’s factory at Noi Bai Industrial Park (Soc Son, Hanoi). The project was successfully finished and transferred to Vietnam Nippon Seiki. Vietnam Nippon Seiki Co., Ltd is a Nippon Seiki (Japan) subsidiary. With nearly 80 years of development, […]
A solar power system with a capacity of 2,04 MWp has just been installed on the rooftop of Dalat Worsted Spinning – DWS, one of the major enterprises in the Phat Chi industrial complex in Da Lat city, as well as the first worsted yarn spinning mill in Vietnam. Reduce greenhouse gas emissions with a series of rooftop solar energy […]
On the rooftop of Duy Tan Binh Duong Plastics (belonging to Duy Tan Plastics Group) will install a solar power system with a capacity of 2,17 MWp. The system has been developed according to the PPA (Power Purchase Agreement) model, with BayWa r.e. Vietnam as the investor, Vu Phong Energy Group as the project developer and provides the service of […]
If a flexible rooftop solar power policy is approved, it will establish advantageous conditions for both investors and manufacturing businesses to use clean energy. The use of renewable energy to meet integration requirements, greening goals in manufacturing, and reducing industrial emissions is an inevitable trend. However, the policy’s prolonged interruption has impacted the business investment environment, as well as export […]
The energy crisis has become an obsession of many European businesses as they are obliged to decrease production and raise product costs – which implies that competitiveness is severely reduced, even forcing factories to close… Businesses struggle when energy price rises Europe has been facing an energy crisis since the Russia-Ukraine war in February. Despite attempts to enhance energy supplies […]
Vu Phong Energy Group was honoured by TotalEnergies as The 2022 Best EPC Contractor in Vietnam on December 01, 2022, at TotalEnergies’ office in Vietnam and was awarded a certificate for outstanding achievements without any incidents in all projects. Vietnam’s leading professional solar EPC contractor Vu Phong Energy Group cooperates to implement rooftop solar power system of Dong A Plastic […]
Commitments to reduce greenhouse gas emissions and achieve carbon neutrality have been proposed, as many initiatives to fight climate change have also been presented. However, in order for these initiatives to be implemented and climate targets to be realized, a major challenge must be overcome – finances. Climate finance has emerged as a major concern and a key topic within […]
After strong commitments at COP26, over 400,000 delegates representing nation leaders gathered for COP27 to discuss and find solutions to push action to achieve commitments and solve the world’s common climate change problem. COP26: Joint voice to protect the future of the Earth The carbon market has been grown in the transition to Net-Zero emissions Focusing on developing renewable energy […]
Solar power system with a capacity of 3,39 MWp, using 7,542 high-efficiency solar panels and 27 110 kW inverters, installed at Vietnam Dairy Factory – the most modern mega factory in Vietnam and the area, with the most modern integrated and automatic technology in the world. Vinamilk is known as a strong and typical national brand, with a success story […]
On September 2, 2022, at the 2nd Asian Global Solutions Summit organized by JCI Japan, delegates shared many carbon neutrality initiatives in Asian countries such as Japan, Korea, India, New Zealand, Vietnam, Singapore, Thailand… and toward cooperation for the common goal of sustainable development. Within the framework of JCI World Congress 2022, the 2nd Asia Global Solutions Summit was organized […]
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, following […]
The PPA (Power Purchase Agreement) is a flexible cooperation model pioneered by Vu Phong Energy Group with the participation of investment partners to develop rooftop solar power at business and production establishments, especially factories in Vietnam. The PPA (Power Purchase Agreement) solar power model, pioneered by Vu Phong at the end of 2019 and the beginning of 2020 in Vietnam, […]
Plastic is a rapidly growing industry, growing at a rate of 16-18% per year on average, behind only telecoms and textiles. The plastics industry is likewise facing several opportunities for development and market expansion… Great opportunities for the plastics industry According to the Ministry of Industry and Trade’s Vietnam Import and Export Report 2021, the export turnover of plastic products […]
Vietnam’s textile export market share now ranks second worldwide, behind only China. The signing of FTAs, notably new-generation FTAs such as CPTPP, EVFTA, and UKVFTA, has facilitated integration flows, thereby expanding Vietnam’s textile industry‘s opportunities. To preserve the place in the global supply chain, increase the competitiveness, and reach consumers in the current new trend, the textile sector has encountered […]
The United States passed The Inflation Reduction Act (IRA) to address climate, taxation, and health care. The new act provides $369 billion to energy security and climate change programs to reduce greenhouse gas emissions by 40% by 2030. Investing $226 billion in renewable energy in the first half of 2022 Green energy costing is expected to reach nearly $650 billion […]
The development of the circular economy model is regarded as an inevitable recently, in line with the trend and requirements for achieving a breakthrough in economic recovery and implementing the Sustainable Development Goals (SDGs), thereby contributing to the realization of the national strategy for green growth. Circular economy – The foundation for Vietnam’s sustainable development Development and sustainable development: What […]
Eight missions and solutions have been established to implement the outcomes of the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26). One of the missions, the solutions is to focus on developing renewable energy sources with no new emissions, energy storage technology, and carbon capture, utilisation and storage technology. On July 25, the […]
The Prime Minister issued new Decision No. 876/QD-TTg on July 22, 2022, authorizing The action program on green energy transition and reducing carbon and methane emissions from the transportation sector referred to as The green energy transformation action program. Green logistics – an important point for sustainable development What may you not know about the carbon credit market? Solar power […]
At “Inception Conference to develop National Action Plan for implementing Circular Economy in Viet Nam” on June 28, 2022, Minister of Natural Resources and Environment Tran Hong Ha emphasized, “Circular economy is the solution so that we can continue to firmly believe on the path to sustainable development, along with the green economy and low carbon economy.” Urgent issues for […]
Carbon pricing is an essential instrument for reducing greenhouse gas emissions. Carbon pricing has many forms, including carbon taxes, emissions trading system (ETS); internal carbon pricing (ICP); offset mechanisms of carbon credits… etc. Here is some interesting carbon pricing information, updated with data from the World Bank’s “State and Trends of Carbon Pricing 2022” report. USD 84 billion in revenue […]
Renewable energy sources have become the first choice in many nations worldwide in the trend of energy transition and sustainable development. Aside from the rapid growth of solar and wind power, geothermal power is gaining traction. The geothermal power market is expanding The geothermal energy industry was born in the twentieth century to use the heat energy available in the […]
Renewable energy sources include solar power, wind power, hydroelectricity, wave power, tidal power, biomass power, and geothermal energy. Using renewable energy can help reduce greenhouse gas emissions, conserve energy, protect the environment, and combat climate change. Environmental benefits from clean energy Many countries are focusing on energy transition in the face of rising energy demand and the progressive depletion of […]
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 What are the 17 Sustainable Development Goals? Assessing Sustainable Development: Principles and Criteria From the urgent requirement of practice A sustainable development strategy that is […]
Climate change is not just an urgent global threat, but also an existential threat for all species, according to a series of publications published by the United Nations and international organizations. The climate crisis is the most serious long-term risk, according to the “Global Risk Report 2022.” Climate change action has been placed under the group of universal goals to […]
2021 was the fifth straight year of growth for the global carbon market, with the total market value increasing by more than 2.5 times over the previous year. As governments and businesses actively deploy solutions to achieve Net Zero goals, the carbon market’s growth momentum is expected to continue in both the compliance and voluntary markets. What may you not […]
In November 2021, Vu Phong Energy Group, Construction Company 47 (C47), and INTRACO signed a Memorandum of Understanding (MOU) on “Providing clean drinking water stations and reducing greenhouse gas emissions projects” toward the Sustainable Development Goals. It includes Goal 6 – Ensure availability and sustainable management of water and sanitation for all. Goal 6 is one of a series of […]
According to Rystad Energy (Norway) research, global energy costing will reach a new record of more than $2.1 trillion in 2022. Spending on green energy will account for around 31% of total expenditure and will grow by approximately 24% over the same time in 2021, equating to an increase of 125 billion USD. IEA: Global renewal power will reach 4,800 […]
Vu Phong Energy Group collaborated with Shire Oak International Group for a larger project to develop a chain of rooftop solar power systems with a total capacity of more than 12.5 MWp on the roofs of factories owned by Hwaseung Enterprise Group (Korea) in Vietnam. Vu Phong Energy Group cooperates to implement rooftop solar power system of Dong A Plastic […]
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 […]
The Ray C. Anderson Foundation in Georgia is determined to push for green highways and reducing emissions through cutting-edge tech like solar roads, despite criticism. How Georgia Became A Surprising Bright Spot In The U.S. Solar Industry The transportation sector shifts to renewable energy and reduces greenhouse gas emissions The challenges of implementing solar roads Although solar roads have received […]
The carbon market is critical for lowering greenhouse gas emissions, and it is rapidly growing in terms of trading exchanges and participating institutions. We’ll discover some fascinating facts about carbon credits and the trading market in this article. The journey to The Net Zerogoal requires a breakthrough COP26: Joint voice to protect the future of the Earth Operation and maintenance […]
Clean energy, renewable energy, is fast developing by the worldwide trend of energy restructuring and is becoming increasingly concerned following the Prime Minister’s strong commitment to Net Zero emissions by 2050 at COP26. Reducing emissions and working towards Net Zero will become the mainstream, opening up numerous opportunities for Vietnam but also presenting a difficult journey that will need a […]
On November 25, 2021, Vu Phong Energy Group, Construction Joint Stock Company 47 (C47), and Investment and Trade Consultancy Company Limited (INTRACO) signed a Memorandum of Understanding (MOU) on “Providing clean drinking water stations and reducing greenhouse gas emissions projects” toward the Sustainable Development Goals. The Signing Ceremony had the attendance of Mr. Minh, Tran Van, Deputy Director of Binh […]
The tripartite cooperation: Vu Phong Energy Group will cooperate with Construction Joint Stock Company 47 (C47) and Investment and Trade Consultancy Company Limited (INTRACO) in the program: “Providing clean drinking water stations project and other reduce greenhouse gas emissions projects” (such as afforestation and protection of marine ecosystems), towards sustainable development goals on November 25, 2021. Global collaboration in wind […]
The 26th Conference of the parties to the United Nations Framework Convention on Climate Change (COP26) was opened on October 31, 2021 and completed. Many strong climate agreements and commitments have been made by country leaders in an effort to protect the future of the Earth. Action for climate! Renewable energy – The answer for environmental protection The trend of […]
“Greening” the logistics industry and implementing logistics protecting the environment in business can help companies meet the environmental standards, improving competitiveness, and sustainable growth… Solar power is greening plastic factories Green lifestyle: When the customer behavior change, the business change Green hydrogen – a clean energy storage solution A stage in the “green supply chain” Building a protecting environment supply […]
In the context that the world is moving towards sustainable development, many big brands in the plastic industry have implemented solutions such as using clean energy in the manufacturing process, using environmentally friendly PET raw materials, and creating and implementing a circular economy model… A new problem of the plastic industry The plastics business is a dynamic industry in Vietnam’s […]
Vu Phong Energy Group made a big move towards expanding its global brand and developing the renewable energy industry with the launch of its new English website, vuphong.com, on June 19th, 2021. This website will provide a platform for Vu Phong to showcase its expertise in the field of renewable energy and to connect with potential partners and customers from […]
The government’s encouraging policy with an attractive price mechanism has resulted in the dramatic growth of solar power over the last few years. The new price of rooftop solar power could be reduced by 30% once Decision No.13/2020/QD-TTg at FIT2 price expires. So, should we invest heavily in solar energy? Dual-Profit Model – Solar Greenhouse Vietnam leading ASEAN’s solar PV […]
With over 12 years of experience (since 2009), Vu Phong Energy Group JSC (Solar & Wind Power) is known as the leading professional solar EPC contractor in Vietnam, has made its mark with a series of high-quality and aesthetically pleasing solar power projects. EPC Contracts Explained: Everything You Need to Know 3 critical factors that contribute to the quality of […]
New research published in the peer-reviewed journal Environmental Research Letters suggests that school rooftops and campuses could be an untapped resource for solar energy, which could help shrink electricity bills and reduce the education sector’s carbon footprint. Renewable energy – The answer for environmental protection Solar Panels on Schools – Key to Powering Queensland with Solar Energy Bringing solar energy […]
