What are Carbon Credits? According to Clause 35, Article 3 of the Environmental Protection Law 2020, a Carbon Credit is defined as a tradable certificate that represents the right to emit one ton of carbon dioxide (CO2) or an equivalent amount of another greenhouse gas. Thus, Carbon Credits are a crucial part of international strategies […]

On April 10, 2024, the Ministry of Industry and Trade issued Decision No. 821/QD-BCT announcing new administrative procedures in the field of industrial clusters under the management of the Ministry of Industry and Trade. Accordingly, to establish/expand industrial clusters, the following steps need to be taken: 1. Implementation sequence Step 1: Enterprises, cooperatives, organizations submit […]

Proposal for Amendment and Issuance of Fire Prevention and Fighting Law, and Search and Rescue Law.

On November 1, 2023, the Ministry of Industry and Trade issued Circular No. 19/2023/TT-BCT stipulating the method of building a power generation price frame applicable to solar power plants and wind power plants, laying the foundation for climate reality FiT (Feed-in Tariff) for solar and wind power projects. Scope of regulation and applicable subjects Circular […]

Hanoi, Vietnam - In a significant move towards sustainable energy, the Prime Minister of Vietnam issued Decision No. QD-TTg on May 15, 2023, approving the National Electricity Development Planning for the period 2021-2030 and the vision for 2050, also known as "the VIII Electricity Planning." This landmark decision underscores the commitment to increase the share […]