Renewable Energy: Breakthroughs Around The World

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The year 2024 has been remarkable for significant advancements in the renewable energy sector. These improvements help reduce carbon emissions and drive the sustainable development of the global economy. In this article, we will highlight some of the most notable advancements. Outstanding technological innovations Energy storage technology Solid-state batteries: Technology has substantially progressed, enhancing performance and reducing energy storage costs. […]

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Trading Renewable Energy Certificates (I-RECs): Great potential for renewable energy projects

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Renewable Energy Certificates (I-RECs) are becoming increasingly important in the global context of rising demands for energy transparency and commitment to greenhouse gas reduction. For renewable energy projects, I-RECs serve as proof of clean energy production and unlock new financial potential. This article explores the significance of I-RECs, how they support Scope 2 greenhouse gas reductions, their financial benefits, and […]

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Journey to Net-Zero: Practical Solutions for Businesses

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As major markets implement policies to drive the transition, measuring and transparently reporting emission reductions are essential to every company’s journey to Net-Zero. This article provides an overview of the necessary steps, from calculating emission baselines and data management systems to digital transformation. Additionally, it suggests effective and practical methods for manufacturing businesses. 1. Implementation methodology for businesses aiming for […]

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Corporate Contributions to Environmental Protection: A Key Element of ESG

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To achieve sustainable development, businesses must prioritize the environmental aspect of ESG. This article will analyze measures companies can take to protect the environment. Why is the environmental aspect often a focus for businesses? ESG (Environmental, Social, and Governance) standards measure a company’s sustainability and social impact. Among these, businesses often prioritize the environmental aspect (E) for several reasons. Firstly, […]

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Overview of rooftop solar power: Opportunities for businesses

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Rooftop solar power is one of Vietnam’s fastest-growing renewable energy sources, especially as the world strives toward sustainable development goals. While this transition offers numerous opportunities, Vietnamese businesses face challenges quickly aligning with the green shift trend. The Importance of Solar Power Developing solar power brings significant benefits not only to the environment but also to the economy. According to […]

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Carbon Market: The Difference Between Carbon Credit and Carbon Offset

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“Carbon Credit” and “Carbon Offset” are often used interchangeably in discussions about carbon credits. However, these terms have distinct differences in market and exchange mechanisms. Businesses and organizations should understand these differences to view these emerging markets comprehensively. So, what exactly are these differences? Let’s explore in the following article! Introduction to Carbon Credit and Carbon Offset In the context […]

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ESG: The guiding principles for Sustainable Business Development | Vu Phong Magazine June 2024

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In addition to activity updates, the June 2024 issue of Vu Phong Magazine will provide readers with essential knowledge on practicing ESG (Environmental, Social, and Governance) to achieve Net-Zero sustainably. This includes an overview of global ESG implementation and commonly used reporting frameworks. In June, Vu Phong Energy Group and our member, VP Carbon, undertook several activities in collaboration with […]

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ESG: Sustainable development foundation for businesses

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Implementing ESG practices are becoming a crucial focus for many businesses. However, a comprehensive understanding of ESG practices and the appropriate reporting frameworks companies can use to measure long-term ESG strategies is still a common concern. Therefore, Vu Phong Energy Group has prepared this article to help address some of these questions. Overview of ESG and reporting frameworks ESG stands […]

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Increasing Value For Enterprises Owning Solar Energy Systems

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In addition to environmental and social benefits, optimizing the economic advantages of rooftop solar energy systems is always a concern for businesses. Understanding this, Vu Phong Energy Group – a company with over 15 years of experience in renewable energy – introduces a value-added service package for businesses owning operational solar energy systems. Vu Phong Energy Group accompanies businesses with […]

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Highlight News Of Vu Phong Energy Group In April 2024

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In April 2024, Vu Phong Energy Group carried out a series of strategic activities, continuing to affirm its new position, a firm commitment to sustainable development and green transition through participation and organization of significant events, as well as the implementation of new investment packages, accompanying businesses and families on their journey of emission reduction, green transition, aiming towards Net-Zero […]

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Businesses must proactively participate in the carbon credit market

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Many large corporations have come to Vietnam to purchase carbon credits through financial mechanisms, while reducing emissions for Vietnamese businesses is an essential requirement in the global game. Without preemptive preparation, Vietnamese enterprises risk being slow and paying a high price, even facing survival risks against the “green barriers”. Many “key players” support the carbon credit market and green transitioning […]

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The Potential Of The Carbon Credit Market In Ho Chi Minh City

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On April 22, 2024, the Ho Chi Minh city Institute for Development Studies (HIDS) organized a scientific seminar titled: “Development of the carbon credit market in Ho Chi Minh City.” The event attracted participation from businesses, experts, and scientists… During the three-hour session, the advisory board implemented “Resolution No. 98/2023/QH15 of the National Assembly on piloting certain mechanisms and policies […]

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Highlight activities of Vu Phong Energy Group in march 2024

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In March 2024, several strategic activities took place, including the participation of Mr. Phong, Pham Nam – Chairman of the Board of Directors of Vu Phong Energy Group – in a program to meet with the community of innovation and creativity in Ho Chi Minh City (HCMC) organized by the People’s Committee of HCMC. Repositioning the member company – VP […]

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