HCM City is proposing to raise environmental protection fees for industrial wastewater and industrial emissions to twice the rates set by the Government from 2027 and 2.5 times from 2030.
2023 could be an interesting year for Vietnam’s energy sector, as $15.5 billion of financing is set to be mobilised for Vietnam’s green energy transition through a recent energy partnership.
With total spending of 5.7 per cent of GDP on infrastructure, Việt Nam has taken the lead in Asia in this regard.
Anchored by Prime Minister Phạm Minh Chính’s net-zero commitment by 2050 and driven by global climate imperatives, the energy sector is rapidly transforming, creating new investment and innovation avenues.
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).
Environmental pollution, water scarcity, and climate change are, needless to say, the biggest challenges for humankind, let alone the huge risks posed to economic growth, and over the years, multiple…

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