Finalization of green taxonomy 'a matter of urgency'

Finalization of green taxonomy 'a matter of urgency'

Vietnam's Ministry of Natural Resources and Environment (MoNRE) has tasked its Institute of Strategy and Policy on Natural Resources and Environment to draft a green taxonomy. The Investor talked with Assoc. Prof. Dr. Nguyen Dinh Tho, head of the institute, to take a deep dive into green finance development in Vietnam and the green taxonomy.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Huge potential for increased US investment to meet Vietnam’s infrastructure needs: experts

Huge potential for increased US investment to meet Vietnam’s infrastructure needs: experts

The latest status upgrade in Vietnam-US ties has generated great potential to lure further foreign direct investment (FDI), given Vietnam’s need for soft and hard infrastructure, experts said.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

VietinBank inks green cooperation pacts with Japanese financial institutions

VietinBank inks green cooperation pacts with Japanese financial institutions

VietinBank, a state-controlled Vietnamese lender, has struck cooperation agreements with Mitsubishi UFJ Financial Group (MUFG) for sustainable growth and the Japan Bank for International Cooperation (JBIC) for decarbonization and energy transition.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, EU launch plan to mobilize $15.8 bln for energy transition

Vietnam, EU launch plan to mobilize $15.8 bln for energy transition

Vietnam and the European Union (EU) on Friday launched a plan to mobilize up to $15.8 billion, an increase from the initial $15.5 billion, of climate financing pledged last year by international partners, to help the Southeast Asian nation wean off coal power.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

DFC CEO returns to Vietnam to bolster private sector

DFC CEO returns to Vietnam to bolster private sector

U.S. International Development Finance Corporation (DFC) CEO Scott Nathan on Thursday traveled to Ho Chi Minh City, his second trip to Vietnam in two months, in a move to bolster the private sector in the country.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

EU disburses $23.6 mln to support Vietnam’s clean energy transition

EU disburses $23.6 mln to support Vietnam’s clean energy transition

The European Union (EU) has released EUR22 million ($23.6 million) of budget support to the Vietnamese government in the framework of the EU-Vietnam Sustainable Energy Transition Program (SETP).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

European Investment Bank to finance Vietnam $530 mln for energy transition

European Investment Bank to finance Vietnam $530 mln for energy transition

The European Investment Bank (EIB) has signed an agreement to finance Vietnam's implementation of the $15.5-billion Just Energy Transition Partnership (JETP) in the country.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

International funding crucial for Vietnam's green growth: central bank official

International funding crucial for Vietnam's green growth: central bank official

Commercial banks in Vietnam need funding from international institutions and private financiers in order to promote green, sustainable growth, a Vietnamese central bank official said Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

German investment can be powered by green electricity: diplomat

German investment can be powered by green electricity: diplomat

Germany’s private sector is very interested in investing more in Vietnam, but they also “want to have green electricity,” Santiago Alonso, development counselor with the German embassy in Hanoi, said Wednesday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Strong economic, security ties with Vietnam a priority: US Treasury Secretary Yellen

Strong economic, security ties with Vietnam a priority: US Treasury Secretary Yellen

It is a priority for the U.S. to deepen its economic and security ties with Vietnam in the months and years to come, said Treasury Secretary Janet Yellen while meeting with Prime Minister Pham Minh Chinh in Hanoi Thursday.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

Making the most of Vietnam's Just Energy Transition Partnership

Making the most of Vietnam's Just Energy Transition Partnership

Vietnam’s efforts toward carbon neutrality and international institutions’ support for the transition offer various business opportunities, but challenges exist, writes Luong Phuong Mai from HSBC Vietnam's commercial real estate and wholesale banking division.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hydrexia joins Vietnam’s hydrogen development as equipment supplier

Hydrexia joins Vietnam’s hydrogen development as equipment supplier

Vietnamese private renewable energy developer TGS, which is building the country’s first green hydrogen factory, has signed a purchase agreement with Hydrexia Malaysia as part of their strategic partnership agreed in May.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Powering faster energy transition

Powering faster energy transition

Christian Deseglise, HSBC’s Group head of sustainable infrastructure and innovation, leads the bank’s global efforts in Just Energy Transition Partnerships, or JETPs, with Indonesia and Vietnam. He explains why they are powerful tools for decarbonization.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

First 9 projects picked for Climate Finance Accelerator in Vietnam

First 9 projects picked for Climate Finance Accelerator in Vietnam

Nine low-carbon projects in Vietnam have been announced as the first cohort to join Climate Finance Accelerator (CFA) in the country, the British Embassy in Hanoi said Monday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deutsche Bank throws weight behind Vietnam's green energy transition

Deutsche Bank throws weight behind Vietnam's green energy transition

Deutsche Bank joined a working group set up by the Glasgow Financial Alliance for Net Zero in December 2022 to support capital mobilization for the Vietnam Just Energy Transition Partnership. Huynh Buu Quang, Deutsche Bank chief country officer in Vietnam, talks with The Investor about the bank's green finance.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam renewable investors seek changes in power price policy

Vietnam renewable investors seek changes in power price policy

A letter signed by 36 companies developing wind and solar projects in Vietnam has been sent to Prime Minister Pham Minh Chinh to ask for changes in power price policies.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Marubeni deal gives Vietnam’s second largest gas project a lift

Marubeni deal gives Vietnam’s second largest gas project a lift

Vietnam’s second largest natural gas project that needs around $10 billion to facilitate fuel energy transition has received a stimulus from a deal signed on Wednesday by Japanese heavyweight Marubeni and Petrovietnam.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Growatt opens first solar inverter plant in Vietnam

Growatt opens first solar inverter plant in Vietnam

Growatt, a world-leading provider of solar energy solutions, has inaugurated its first Vietnam plant, manufacturing solar and storage inverters, and storage batteries.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

International partners pledge $15.5 bln for Vietnam’s green transition

International partners pledge $15.5 bln for Vietnam’s green transition

International partners have committed to mobilizing $15.5 billion from public and private finance over the next three to five years to support Vietnam’s green transition.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7