This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.

Despite starting later than other countries in the region, Vietnam has made considerable progress, with a sharp increase of green projects over the past few years.

In an era of globalisation and deeper integration, combining digital transformation with green transition is vital for the survival of businesses and the promotion of sustainable development around the world, said insiders.

Vietnam holds 7 billion cubic metres of peat across 36,000 hectares, with the Mekong Delta containing the largest deposits.

The Ministry of Transport (MOT) says it has applied many measures to implement Vietnam’s commitments at COP26 to reduce emissions to zero by 2050.

Hanoi has officially launched three new electric bus routes, marking a significant step in the capital’s efforts to adopt green transportation and address traffic and environmental challenges.

Green hydrogen offers Vietnam the opportunity to achieve its net-zero goals and potentially earn billions of dollars, but significant challenges could delay its progress.

The Vietnamese government is working on policies to promote green transportation in state agencies, a move aligned with its environmental goals.