Germany invests $5.4 million in Vietnam’s green hydrogen industry
The German International Cooperation Agency (GIZ) and the Vietnamese Ministry of Industry and Trade's oil, gas and coal department have agreed to implement a $5.4 million green hydrogen project.
In order to assist Vietnam in establishing institutional, legal and technical preconditions for green hydrogen-based carbon emission reduction, Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) will facilitate the H2Growth project to build and develop a green hydrogen economy in Vietnam. The German International Cooperation Agency (GIZ) will implement the project with the Vietnamese partner.
The implementation of the H2Growth project will begin in February 2024. Photo coutersy of Ministry of Industry and Trade.
The H2Growth project aims to assist Vietnam's Ministry of Industry and Trade in developing a green hydrogen strategy via three main areas: developing strategies, policies and legal frameworks; capacity building of training and research institutions; and market development promotion.
The project will facilitate the formulation and execution of Vietnam's National Hydrogen Strategy and the development of green hydrogen standards, and laws in the country. It will provide introductory training on the advantages and disadvantages of the green hydrogen economy and provide models for advanced training and vocational training.
The four-year project is scheduled to begin implementation in February 2024.
The H2Growth project will join other programs in providing comprehensive support to the Vietnamese government as it moves toward the national goal of net zero emissions by 2050.
Last month, Climate Fund Managers (CFM) of the Netherlands entered into a strategic cooperation pact with Vietnam’s The Green Solutions (TGS) to promote the hydrogen industry
“We feel at home in Vietnam, where we are seeking to bring green investment…,” Nathan Schmidt, head of CFM’s Asia operations, said at a ceremony in Ho Chi Minh City on signing an MoU with Winnie Huynh, founder and CEO of TGS.
In March, HCMC-headquartered TGS began constructing the first Vietnamese hydrogen plant in the Mekong Delta province of Tra Vinh with an estimated investment of VND8 trillion ($341 million).
- Related News
- Read More
Vingroup plans $38 mln bond issuance to restructure debt
Vingroup (HoSE: VIC), Vietnam’s largest listed company by market cap, plans to issue VND1 trillion ($37.91 million) in bonds via private placement as it seeks to restructure debt.
Companies - Tue, November 25, 2025 | 3:52 pm GMT+7
Vietnam gov't proposes minimum $379 mln charter capital for offshore wind developers
The Vietnamese government has proposed that offshore wind power developers have a minimum charter capital of VND10 trillion ($379 million) each, according to a draft resolution designed to ease bottlenecks in the country’s 2026-2030 energy development plan.
Energy - Tue, November 25, 2025 | 3:41 pm GMT+7
Petrovietnam arm to venture into CO2 transportation, seabed minerals, geothermal
PVEP, the upstream arm of state giant Petrovietnam, plans to expand into new fields such as CO2 transportation and disposal (carbon capture, utilization, and storage), coal gas and underground mineral research, seabed minerals, and geothermal.
Industries - Tue, November 25, 2025 | 3:08 pm GMT+7
Impact of rising exchange rates in Vietnam
Mirae Asset Securities analysts offer an insight into the impact of rising exchange rates on companies in Vietnam in a report dated November 21.
Economy - Tue, November 25, 2025 | 1:35 pm GMT+7
Vietnam's industrial park developers post strong earnings as tenant demand rebounds
Vietnam’s industrial real estate sector is showing stronger earnings and improving demand, with foreign tenants resuming lease negotiations after U.S. tariff policies became clearer, according to a brokerage report.
Industrial real estate - Tue, November 25, 2025 | 11:07 am GMT+7
Vietnamese export stocks under the radar despite strong earnings
Investor caution over tariff risks and the slowdown of major economies has prevented Vietnamese export stocks from making a strong price recovery.
Finance - Tue, November 25, 2025 | 8:44 am GMT+7
Indonesia plans 7 initial waste-to-energy plants next year
Indonesia will start the construction of seven waste-to-energy power plants in 2026 as the first step to develop 33 such facilities by 2029.
Southeast Asia - Mon, November 24, 2025 | 9:23 pm GMT+7
Malaysia predicted to be ASEAN’s second-fastest-growing economy, after Vietnam
Malaysia is poised to become the second-fastest-growing economy in the Association of Southeast Asian Nations (ASEAN) after Vietnam, data showed.
Southeast Asia - Mon, November 24, 2025 | 9:19 pm GMT+7
Thailand SCG-backed Bien Hoa Packaging plans delisting from HCMC bourse
Bien Hoa Packaging JSC, a 57-year-old manufacturer in Vietnam, plans to scrap its public-company status and delist from the Ho Chi Minh Stock Exchange (HoSE) as its free float fell below the minimum threshold under local securities law.
Companies - Mon, November 24, 2025 | 9:06 pm GMT+7
Real estate, industrials sectors lead in October M&A value in Vietnam
Grant Thornton analysts provide an insight to capital flows, the sectors attracting investor attention, and the market dynamics influencing the merger and acquisition (M&A) landscape in Vietnam in October.
Economy - Mon, November 24, 2025 | 4:39 pm GMT+7
Tobacco giant Vinataba to sell entire stake in instant noodle maker Colusa-Miliket
State-owned Vietnam National Tobacco Corporation (Vinataba) plans to divest its entire 20% stake in Colusa-Miliket, the company behind the iconic “Miliket” (two-shrimp) instant noodle brand, seeking to raise at least VND114 billion ($4.32 million).
Companies - Mon, November 24, 2025 | 4:10 pm GMT+7
VinSpeed cannot participate in North-South high-speed rail project under PPP model: exec
Pham Nhat Vuong, founder of VinSpeed High-Speed Rail Investment and Development JSC, has mapped out a clear 30-year financing plan for the gigantic North-South high-speed rail project, said an executive at Vingroup, a VinSpeed investor.
Infrastructure - Mon, November 24, 2025 | 3:51 pm GMT+7
Delivery major Viettel Post plans $21 mln logistics center in central Vietnam
Viettel Post, the courier arm of military-run telecom giant Viettel, has completed a site survey for a planned 21-hectare logistics center in the central province of Ha Tinh, with an estimated investment of nearly VND550 billion ($20.87 million).
Industries - Mon, November 24, 2025 | 11:49 am GMT+7
Honda Mobilityland eyes 600-ha sports, entertainment, tourism complex in southern Vietnam
Honda Mobilityland Corporation, a subsidiary of Japan’s Honda Motor Co., plans to build an international circuit in Tay Ninh province, towards developing a 600-hectare sports, entertainment, and tourism complex there.
Industries - Mon, November 24, 2025 | 11:23 am GMT+7
State-controlled shipping line Vosco steps up coal trading to seek new revenue drive
Vietnam Ocean Shipping JSC (Vosco), controlled by the state-run Vietnam Maritime Corporation, is moving deeper into coal trading as the shipping line increasingly bids for large import contracts for thermal power plants, marking a push beyond its core maritime transport business.
Companies - Mon, November 24, 2025 | 8:36 am GMT+7
Vietnam SOEs need tailored mechanisms, greater autonomy to accelerate tech investment, innovation: execs
Vietnam's state-owned enterprises (SOEs) need flexible, tailored mechanisms to make rapid decisions, maintain a leading role, drive innovation, and boost competitiveness, said company executives.
Companies - Sun, November 23, 2025 | 8:16 pm GMT+7
