On the afternoon of April 17, 2026, the representative of Vu Phong Energy Group and VP Carbon – Mr. Pham Dang An, was honored to attend and participate in a panel discussion at an event organized by the Vietnam Energy Partnership Group (VEPG). The event focused on discussing the latest energy trends and policies, among which Renewable Energy Certificates (RECs) are becoming a topic attracting special attention from the business community and investors.
VEPG – A Strategic Forum to Promote the Energy Transition Roadmap in Vietnam
The Vietnam Energy Partnership Group (VEPG) is a high-level policy dialogue forum and a crucial connecting network between the Vietnamese Government, international partners, and the private sector. The program is chaired by the Ministry of Industry and Trade, and co-chaired by the Delegation of the European Union (EU) to Vietnam and the World Bank.
With a consistent goal of promoting the sustainable, safe, and efficient development of the energy sector, VEPG meetings always serve as a gathering place for leading experts and policymakers to discuss and resolve challenges in the energy transition journey.
In the context of Vietnam striving to realize its Net-Zero commitment by 2050, close coordination among parties through the VEPG platform plays an essential role. This is not only a space to update technical trends but also a place to create policy solutions, helping the renewable energy market and new mechanisms like Renewable Energy Certificates (RECs) develop transparently, to standard, and in pace with strict global standards.
The participation and panel contribution of Vu Phong Energy Group and VP Carbon in this forum affirms the company’s position and responsibility in accompanying the Government and international partners toward a green energy future.
An In-depth Perspective on the RECs Market from Mr. Pham Dang An
At the event, Mr. Pham Dang An – Deputy General Director of Vu Phong Energy Group and General Director of VP Carbon – delivered a highly practical presentation on the topic: “The current state of the RECs market in Vietnam and a renewable energy developer’s perspective on the role of RECs”.
Amidst the globalization trend and pressure from green standards (such as CBAM, RE100 commitments, and ESG), Renewable Energy Certificates (RECs) are not only a tool to help businesses prove their use of clean energy but also an important “passport” to maintain competitiveness within the international supply chain.
In his presentation, Mr. Pham Dang An deeply analyzed two central aspects:
- The current state of the RECs market in Vietnam: Mr. An painted a comprehensive picture of the current supply and demand of RECs. Although demand is surging from FDI corporations and large export enterprises looking to green their production chains, the RECs market in Vietnam is still in its developmental stage and requires improvements in the legal framework as well as trading infrastructure to ensure transparency and convenience.
- The role of RECs from the perspective of a renewable energy developer: From the perspective of Vu Phong Energy Group – one of the leading renewable energy developers – Mr. An emphasized that RECs not only bring environmental value but are also a crucial financial lever. The commercialization of RECs helps generate additional revenue sources, increasing the feasibility and financial efficiency of solar and wind power projects. This directly encourages investors to pour capital into new clean energy projects, thereby accelerating the national energy transition process.
Vu Phong Energy Group & VP Carbon: Pioneering in Creating Green Value
The presence and presentation of Mr. Pham Dang An at VEPG once again affirm the strong commitment of Vu Phong Energy Group and VP Carbon to continuously contributing an expert voice, standing side by side with the Government and the business community to shape a professional renewable energy and carbon credit/RECs market in Vietnam.
With extensive experience in developing solar power systems and VP Carbon’s specialized capabilities in consulting, registering, and trading carbon credits/RECs, Vu Phong Energy Group’s ecosystem is proud to be a reliable strategic partner, helping businesses take solid steps on the journey to realize the Net-Zero goal.
