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Update news green transition
Silk Sense Hoi An has been pioneering a green hotel model. Under a well-designed roadmap, the resort has reduced plastic waste and has moved towards elimination of all waste.
2023 marked a significant milestone for the forestry sector as Vietnam successfully sold 10.3 million forest carbon credits (10.3 million tonnes of CO2) for the first time through the World Bank (WB) for US$51.5 million.
The formation of a carbon credit market is part of Vietnam's commitment to net-zero emissions and the use of economic tools to manage enterprises’ greenhouse gas emissions.
Vietnam is a littoral country with huge potential and advantages in order to develop the marine economy, including the fishery economy.
By enhancing capability, reforming institutions, continuing to exploit opportunities, and ensuring inter-sectoral cooperation, Vietnam can reach its zero net emission target and support energy transition goals.
Promoting green economy and mitigating the impact of climate change are the top urgent goals of the world, including Vietnam.
Green transition in the energy sector is a key trend in the world and is one of Vietnam’s current top priorities.
The Just Energy Transition Partnership (JETP) is offering significant opportunities for VN to secure external financial support to achieve its ambitious climate objectives, including funds from the UK for green transition and sustainable development.
The EU-Vietnam Free Trade Agreement (EVFTA) includes a chapter dedicated to sustainable development that covers not only environmental but also labor-related issues, said an official of the Ministry of Industry and Trade.
Vietnam has a mountain to climb to create enough qualified workers for new roles in the country’s green energy transition.
Vietnam is one of 20 countries in the world with high emissions, with CO2 emissions doubling in the last 10 years.