Connect with us

Investing

Opportunities substantial for greener infrastructure

Published

on

Vietnam has a thirst for green infrastructure development. Nicola Beer, vice president of the European Investment Bank, spoke with VIR’s Thanh Tung about the various hurdles ahead for investors in this market.

What is your assessment of the demand for investment in green infrastructure in Vietnam?

Vietnam has significant demand for investment in green infrastructure, driven by its commitment to sustainable development and the challenges posed by climate change. The government’s focus on achieving carbon neutrality by 2050, along with its growth in renewable energy sectors like solar and wind, presents key opportunities. Rapid urbanisation also requires sustainable solutions for transportation, energy efficiency, and waste management.

The growing interest in green financing, including green bonds, aligns with the European Investment Bank’s (EIB) role in supporting large-scale projects. With international collaboration and Vietnam’s active participation in climate agreements, there is strong potential for impactful green infrastructure investments in the country.

Opportunities substantial for greener infrastructure
Nicola Beer, vice president of the European Investment Bank

An agreement between the EIB, which is the financing arm of the European Union, and the State Bank of Vietnam (SBV) was signed during your visit to Vietnam more than a week ago. How important is it for green infrastructure development?

During our visit to Hanoi, we deepened cooperation with the SBV to strengthen its green finance system through technical assistance under the Greening Financial Systems programme. Backed by the German government, this support will help the SBV align with global standards, develop sustainable finance policies, and mobilise investment for green infrastructure.

Another important discussion took place with Deputy Minister of Finance Nguyen Duc Chi, where we spoke about how to accelerate our €500 million ($544 million) framework loan under an MoU we signed with the Ministry of Finance. This financing is available to the country and could be a crucial tool to support Vietnam’s energy transition and Just Energy Transition Partnership implementation, and we are committed to working together to ensure its effective deployment.

What opportunities do you see for investors in Vietnam’s green infrastructure development?

Vietnam’s green infrastructure development presents substantial opportunities for investors, particularly in sectors such as renewable energy, sustainable urbanisation, and climate-resilient infrastructure.

There is a growing demand for investments in clean energy solutions like solar, wind, and energy storage. Additionally, opportunities lie in the development of green buildings, sustainable transport systems, and waste management solutions.

As Vietnam strengthens its commitment to sustainability and green financing, investors can play a key role in advancing the country’s transition to a more sustainable and low-carbon economy. The support from both the government and international partners further enhances the attractiveness of these opportunities.

These efforts will position Vietnam in the green infrastructure space, fostering greater economic resilience and contributing to global environmental goals.

What are your recommendations for improving the effectiveness of EIB capital in Vietnam?

To maximise the impact of EIB capital in Vietnam, it is crucial to prioritise high-impact, sustainable projects aligned with the country’s development goals. Efficient project preparation, close collaboration with the Vietnamese government, and strong green finance systems are essential for accelerating deployment and attracting further investments.

By focusing on energy security, climate resilience, and green infrastructure, we can ensure that EIB financing drives real, lasting and affordable change for the people of Vietnam and supports the country’s green transition.

The EIB is the long-term lending institution of the European Union, owned by its member states. It finances investments that contribute to EU policy objectives. EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. It aims to support €100 billion ($108.71 billion) of investment by the end of 2027 – around one-third of the overall target of this EU initiative.

EIB Global has been a trusted partner of Vietnam since 1997, providing over €561 million ($610 million) in financing for sustainable transport, renewable energy and climate action.

As part of its deepening engagement, the EIB is committed to establishing a €500 million ($544 million) framework loan with the Ministry of Finance to support implementation of the Just Energy Transition Partnership. This financing will prioritise investments in renewable energy and sustainable transport, reinforcing the EIB’s role as a key Global Gateway partner in Vietnam’s green transition and sustainable economic growth. Source: European Investment Bank

Investing

Thailand’s coastline at risk as world’s largest iceberg melts

Published

on

According to Sonthi, in Thailand, where sea levels have already been rising by an average of 5.8 mm per year, the most vulnerable areas include Phra Samut Chedi district in Samut Prakan province, Bang Khun Thian district in Bangkok, and Bang Krachao in Samut Sakhon province.

Thailand’s coastline at risk as world's largest iceberg melts
Thailand’s coastline at risk as world’s largest iceberg melts, Illustrative Image (Photo: thai.news)

Bangkok – A Thai environmental expert has warned that the country’s coastline faces a risk of disappearance within 25 years as the world’s largest iceberg, A23a, melts rapidly due to rising global temperatures, contributing to rising sea levels.

Sonthi Kotchawat, an esteemed oracle of environmental and health sciences, revealed that the iceberg A23a, pning approximately 3,500 square kilometres with an average thickness of 280 metres, has been grounded off South Georgia Island near Antarctica since breaking away in 1986, local media reported.

As global temperatures continue to exceed the 1.5 degrees Celsius threshold set by the Paris Agreement, A23a is at risk of breaking into smaller icebergs, which can disrupt key shipping routes in the Southern Ocean. This fragmentation could also impact commercial fishing and threaten local wildlife, including seals and penguins, Sonthi said.

The expert explained that when melting, the iceberg releases carbon dioxide and unlocks a cascade of nutrients into the azure waters—a biochemical serenade that might spur paradoxical blooms of life in the form of plankton, whose proliferation could reverberate through food chains.

According to Sonthi, in Thailand, where sea levels have already been rising by an average of 5.8 mm per year, the most vulnerable areas include Phra Samut Chedi district in Samut Prakan province, Bang Khun Thian district in Bangkok, and Bang Krachao in Samut Sakhon province.

He also cited a report by UNESCO, warning that if current trends persist, severe flooding will become more frequent in Thailand’s low-lying areas by 2050, negatively affecting 10% of the country’s population.

Continue Reading

Investing

Laos hit by hazardous air pollution levels

Published

on

The capital city of Vientiane, and the provinces of Xieng Khuang and Sekong also saw PM 2.5 levels surpassing 260 micrograms per cu.m, reaching hazardous levels.

Hanoi – Air quality in Laos has worsened, with PM 2.5 particles reaching hazardous levels, affecting cities across the country, the Lao Ministry of Natural Resources and Environment reported on March 25.

The air quality index in the northern province of Xayaboury has reached a hazardous level, with PM 2.5 concentration hitting 284 micrograms per cu.m, exceeding the safety threshold of 50 micrograms per cu.m, the ministry said.

The capital city of Vientiane, and the provinces of Xieng Khuang and Sekong also saw PM 2.5 levels surpassing 260 micrograms per cu.m, reaching hazardous levels.

PM 2.5, the fine particulate matter that causes smog, is an air pollutant containing tiny particles with a diameter of less than 2.5 micrometres. With their extremely small size and harmful components, these particles can lodge in the lungs and enter blood vessels, leading to respiratory and cardiovascular disease.

Continue Reading

Investing

CADIVI launches new line of eco-friendly cables

Published

on

Vietnam’s leading brand in the electrical wire and cable market, Vietnam Electric Cable Corporation (CADIVI), has officially introduced a new line of eco-friendly electrical wires, using lead-free (LF) insulation and low smoke halogen free (LSHF) materials.

Vietnam Electric Cable Corporation (CADIVI), a leading brand in Vietnam’s electrical wire and cable market, has officially introduced a new line of eco-friendly products, featuring lead-free (LF) insulation and low smoke halogen-free (LSHF) materials.

Backed by significant investment in research and the application of advanced technology, the new LF and LSHF wire lines aim to reduce environmental pollution, enhance user safety, and minimise toxic smoke emissions in case of fire.

The initiative marks a notable step in improving electrical safety and supporting the protection of the community’s living environment.

Ho Quang Nhan, CEO of CADIVI, expects that the introduction of LF and LSHF electric cables will bring optimal solutions for green and eco-friendly buildings.
Ho Quang Nhan, CEO of CADIVI, expects that the introduction of LF and LSHF electric cables will bring optimal solutions for green and eco-friendly buildings.

Ho Quang Nhan, CEO of CADIVI, expressed confidence that the introduction of these products will offer optimal solutions for green and eco-conscious construction projects. Both product lines are engineered with a focus on durability, safety, energy efficiency, and resource conservation—key criteria in sustainable building development.

For years, CADIVI has maintained strong investment in research and development, adopting cutting-edge technologies to create high-performance products that meet the growing demands of both domestic and international markets. This emphasis on innovation also strengthens the company’s competitive edge and supports Vietnam’s broader green economic transition.

“The green transition is not just a global trend—it’s a business strategy,” said Nhan. “While Việt Nam has support mechanisms such as LEED and EDGE certifications to encourage green development, enterprises must proactively invest in emissions-reducing technologies, including solar energy, natural ventilation systems, and low-carbon materials.”

According to Nhan, CADIVI promotes the use of non-toxic materials and modern production processes to reduce emissions. The company has also deployed rooftop solar systems at its factories and continues to optimise production to reduce material waste and improve operational efficiency.

“We are not only contributing to the development of green buildings but also actively participating in Việt Nam’s goal of net-zero emissions by 2050,” he said.

CADIVI launches new line of eco-friendly cables

CADIVI is a member of Gelex Electric JSC, under Gelex Group. As part of its development strategy, Gelex also places strong emphasis on R&D to drive sustainable product innovation and expand international cooperation through technology transfer.

Nguyen Trong Hien, chairman of Gelex Group, noted that the group encourages member companies to allocate up to 2 per cent of annual revenue to research and development in the electrical equipment sector, underscoring its commitment to fostering high-quality human resources and technological advancement.

Continue Reading

Trending