Want to be in the loop?
subscribe to
our notification
Business News
VIET NAM CONSIDERS SETTING UP RENEWABLE ENERGY CENTRE TO REALISE NET-ZERO CARBON COMMITMENT
The Ministry of Industry and Trade (MoIT) has been asked to coordinate with the Ministry of Natural Resources and Environment (MoNRE) on setting up a renewable energy centre.
The centre will improve human resources training and technology transfer, and share legal experience and national governance in adapting to climate change.
During the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow, the UK, Prime Minister Phạm Minh Chính pledged Việt Nam would reach net zero carbon emissions by 2050 and agreed to gradually phase out coal-fired power plants, while calling for international partners’ assistance, especially developed nations who have benefitted from long periods of industrialisation in the past, to help realise the goals.
The implementation of strategies and plans on green growth and climate change adaptation, including contents on Việt Nam’s commitments at COP26, will be submitted to the Prime Minister.
Meanwhile, the Ministry of Justice will work with the MoNRE and relevant ministries and sectors to develop a technical assistance project to call on the UK and development partners to support Việt Nam in internalising its international commitments on climate change, including those made at COP26.
The Ministry of Information and Communications is responsible for coordinating with relevant agencies to build a communications project, including setting up websites on green growth, green energy transformation, digital transformation and climate change.
The MoNRE, the standing body of the Steering Committee, will partner with the Government Office, member ministries and agencies in organising periodic and extraordinary meetings of the committee.
A government notice issued yesterday says that it is necessary to continue to raise awareness of the importance and urgency of the implementation of commitments made at COP 26, in connection with promoting extensive international integration and cooperation with Việt Nam’s strategic partners in order to attract more resources, especially in finance, technology, governance skills, and human resources training to serve economic recovery and development, the implementation of the national green growth strategy and climate change adaptation.
Source: VNS
Related News
VIETNAM RISING STAR: CONNECTING GLOBAL CAPITAL TO VIETNAM'S HIGH-GROWTH FRONTIERS
Vietnam stands at a pivotal inflection point as global supply chains reconfigure and capital seeks resilient, innovation-driven markets. HKBAV is proud to support the exclusive Inbound Investment Forum "Vietnam Rising Star: Connecting Global Capital to Vietnam's High-Growth Frontiers", bringing together global investors, corporate decision-makers, and financial experts to unlock the next wave of foreign direct investment and strategic M&A opportunities in Vietnam!
VIETNAM GO GLOBAL: MASTERING OUTBOUND INVESTMENTS & EXPANSION FROM LOCAL TO GLOBAL
Vietnamese enterprises are increasingly looking beyond domestic borders to scale on the international stage. HKBAV is proud to support the exclusive Outbound Investment Forum "Vietnam Go Global - Mastering Outbound Investments & Expansion from Local to Global", bringing together influential corporate decision-makers, global investors, and financial experts to navigate the practicalities of cross-border expansion!
VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026
Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.
VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET
Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.
ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND
In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.
CHINESE INVESTMENT WAVE OPENS NEW DOORS
As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.
























