Ho Chi Minh City authorities have urged businesses to accelerate the installation of battery-swap cabinets and charging stations for electric motorbikes, aiming to put more than 3,000 cabinets into operation across the city before April 20.

The transition toward cleaner energy is no longer driven solely by market pressures or environmental standards, but increasingly by the need to strengthen economic resilience amid global uncertainties.

Volatile fuel prices are accelerating a notable shift in consumer behaviour among residents in Hanoi capital city, with many turning to electric vehicles (EVs) as a cost-effective and environmentally friendly alternative.

Experts say Vietnam’s transition to electric vehicles must go beyond transport, requiring coordinated policies across industry and infrastructure.

The European Union has announced an investment package worth more than 560 million euros to support sustainable transport and clean energy in Vietnam, while aiming to mobilise over 1 billion euros for major infrastructure projects.

Experts have emphasised the need for effective capital mobilisation mechanisms and practical support policies for businesses to achieve sustainable green transition, citing the updated Nationally Determined Contribution (NDC) estimates.

Businesses must go beyond compliance and adopt green strategies as a competitive edge to survive in the global supply chain.

Despite high costs, Vietnam’s aviation industry is embracing green transformation to stay globally competitive and meet net-zero goals.

Nguyễn Hoàng Phương, an expert from Net Zero Vietnam, suggested a fee system for vehicles entering Hà Nội’s centre. The proceeds, he said, can be used to invest in green infrastructure such as electric buses to promote green transition.

The global carbon credit market, which Vietnam wants to join, is believed to have a value of $250 billion per annum by 2030, according to the International Emissions Trading Association (IETA).

The total number of outstanding green loans in the Vietnamese banking system as of September 30, 2024 accounted for only 4.5 percent of the total outstanding loans in the national economy.

Businesses should conduct comprehensive renovation to make full use of opportunities brought about by the global green transition and sustainable development trend, advised experts.

Vietnam has gained the first harvests for the 1 million hectare high-quality low-emission cultivation pilot project and is entering the acceleration period. It is necessary to mobilize VND20 trillion more for the period.

Green transportation refers to the use of environmentally friendly modes of transportation that minimize emissions and reduce reliance on fossil fuels by using electric or hybrid vehicles.

Several coastal and island localities have developed strategies and action plans to raise environmental awareness and promote sustainable tourism, including implementing measures to reduce plastic waste.

To become a new "tiger" in Asia and a developed high-income country, Vietnam has no other choice than to join the group of leading countries in digital transformation and green transition.

Vietnam has emerged as one of regional leaders in Southeast Asia’s green economy transition progress.

Besides active moves from the Government to promote green transition, the need to change public awareness and accelerate green transformation is considered a vital factor for Vietnamese businesses if they don't want to be left behind.

Capital flows into Asia, particularly Vietnam, are driven by substantial infrastructure needs and the demand for green financing.