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Vietnam’s Vingroup and Gulf states are both rewriting their growth playbooks through state-led sustainability drives, forging a parallel transformation from legacy empires into green innovation hubs.HANOI, VIETNAM - Media OutReach Newswire - 6 June 2025 - Vietnam's Vingroup and Gulf nations share parallel journeys of strategic reinvention, as the old playbooks that delivered decades of growth are showing their limits. While Gulf countries built wealth on fossil fuel, Vingroup created enormous value through real estate and hospitality. Both are now shifting beyond their legacy sectors: Vingroup focuses on digital innovation and sustainability, and the Gulf nations seeks to diversify beyond hydrocarbons. Vinhomes Ocean Park 1 urban area, part of the Vingroup ecosystem For them, strategic reinvention becomes the logical response. Not disruption for disruption's sake, but calculated transformation grounded in self-preservation and innovation. Their experiences offer valuable lessons on how legacy powerhouses can adapt to structural transformation. A new growth engine that's not oil The UAE and Qatar demonstrate how national strategy can drive transformation. The UAE's Net Zero by 2050 initiative links energy policy with investment decisions and foreign relations. Qatar's National Vision 2030 embeds environmental stewardship into economic planning. More than just being aspirational, these documents translate into concrete investments. For example, the UAE committed over $54 billion to clean energy infrastructure, while Qatar doubled its solar capacity to 1.675 GW by 2025[1], cutting CO₂ emissions significantly. Sovereign wealth funds play crucial roles. Mubadala and QIA direct capital into clean technology as diversification hedges, treating green investments as strategic portfolio moves that reduce long-term risk while capturing growth opportunities. A Southeast Asian reinvention Turning to Southeast Asia, the story Vingroup mirrors many of the same themes of strategic reinvention seen in the Gulf. Originally a property development powerhouse, the conglomerate diversified into other fields such as electric vehicle production, smart technology, and green manufacturing. VinFast, its automotive arm, delivered over 97,000 electric cars in 2024 and targets 200,000 deliveries in 2025. In the context of Vietnam aiming to become a high-income country in its "era of national rise", Vingroup functions as a national champion, building the country's first global EV brand while creating jobs and technological capabilities. The company's manufacturing complex in Hai Phong utilizes green practices and scales to serve both domestic and export markets. The broader ecosystem reflects systematic thinking. VinBus provides electric public transport in major cities. Smart homes in Vinhomes developments showcase energy efficiency. AI and IoT technologies optimize resource use across business lines. Each initiative reinforces the others. When green visions align Shared motivations drive collaboration. Both regions face climate urgency, pursue economic resilience, and seek global relevance. Complementary strengths make partnership logical. For example, the UAE's Masdar built Indonesia's largest floating solar plant[2]. Vingroup's EV arm, VinFast, opened regional showrooms and has signed several MOUs with regional reputable companies. Vietnam and the UAE signed their first trade pact, focusing on technology exchange. These ties leverage unique strengths: the Gulf states brings capital, energy expertise, and execution; Southeast Asia offers manufacturing, markets, and innovation capacity. In their collaboration, the Gulf states and Vingroup prove legacy players can align vision and capital for systemic change. Sustainability, when policy-led, becomes a growth pathway. Strategic reinvention turns challenges into advantages. [1] https://theelectricityhub.com/qatar-doubles-solar-power-in-strategic-energy-push/ [2] https://asia.nikkei.com/Business/Energy/Indonesia-launches-Southeast-Asia-s-largest-floating-solar-plant Hashtag: #Vingrouphttps://vingroup.net/enThe issuer is solely responsible for the content of this announcement.
ESSEN, GERMANY - Media OutReach Newswire - 30 May 2025 - Midea, the World's No.1 Residential Inverter Air Conditioner Company, reached another important milestone in its innovation journey as the Midea Numen air conditioner won the German Red Dot Product Design Award 2025, the globally prestigious recognition for excellence in design. Numen stands out with its AI system and innovative structure design that improve energy efficiency and cooling experience, delivering surprising moments for Southeast Asian consumers. Now Numen is available in Malaysia and Thailand and is rapidly gaining popularity. Midea Numen AC for Southeast Asia Earns German Red Dot Award for Groundbreaking Designs Midea Numen Achieves Excellency and Efficiency hrough Latest AI ECOMASTER System Powering Numen's revolutionary approach is the groundbreaking AI ECOMASTER, an advanced AI system that leverages big data to achieve the perfect balance between energy saving and optimal comfort. The system intelligently adapts to environmental conditions and user preferences, delivering significant energy savings by expertly managing temperature, with precise temperature control of ±0.3°C, avoiding unnecessary fluctuations and waste. Verified by SGS, Numen can achieve 30% extra energy savings with ECOMASTER. Alongside the ECOMASTER, Numen is equipped with Midea's advanced inverter, the heart of air conditioners. As the world's No.1 inverter air conditioner company, Midea has been developing cutting-edge inverter technology for 27 years, obtained 3,300 patents related to inverters worldwide, and owns 35 global leading inverter technologies. Elevating Southeast Asian User Experience Through Comfort, Health, and Durability Numen features the latest generation of COOLFLASH, which can drop the room temperature by 5°C in just 10 minutes, with an air volume of 665m³/hour and a delivery distance of 8.1 meters. During extreme summer days with temperatures up to 55°C, Midea inverter still operates effectively to maintain comfort. Numen also focuses on air quality. With I-Clean technology, Midea Numen has been upgraded from water washing to frost cleaning, which can remove more dust and bacteria, keeping the AC clean and performing optimally. Meanwhile, with AIR MAGIC's ion generator, it creates millions of positive and negative ions that effectively eliminate bacteria and viruses, while consuming less than 1 kWh over 24 hours. Focusing on users' daily pain points under the specific conditions in the Southeast Asia, Numen enhancing durability and lifespan through innovative engineering design and material innovation. Numen is equipped with Prime Guard's six-layer protection technology, which includes the higher-purity anti-corrosion copper tubes TU1 and applies UV conformal coating on PCB components. When facing humid and rainy days, these designs can effectively achieve fundamental corrosion resistance and durability. From Thai and Malaysian customers' reviews, they appreciate Numen for exceeding expectations with its excellent cooling, quiet operation and expressed confidence in the long-term reliability. Also, the fast delivery and professional installation services also surprised them. Numen Redifies Installation, Maintenance and Cleaning Standard with Innovative PULL-DOWN Design Numen introduces a revolutionary PULL-DOWN STRUCTURE that completely transforms the air conditioning experience for both installers and users. By simply loosening a screw to access the drop-down structure and built-in support frame, technicians gain expanded working space and better visibility. The innovative design delivers remarkable maintenance efficiency improvements. PCB replacement, which typically requires removing the entire frame in conventional units, takes just 5 steps and 74 seconds with Numen. Motor replacement is even more impressive: while traditional AC units require refrigerant recycling and evaporator removal, Numen accomplishes this in just 4 steps and 3 minutes 20 seconds, improving maintenance efficiency by 72%. For everyday users, this design simplifies routine cleaning and ensures long-term efficient operation while significantly reducing maintenance downtime. The Pull-down Structure enhances maintenance accessibility, allowing easier access and more thorough cleaning of the wind wheel, while the 25.72% taller air outlet and buckle-designed louver that's simple to remove streamline daily cleaning procedures for users. Midea Commits to Delivering Superior Products While Deepening Local Market Development in SEA Midea has been deeply cultivating overseas markets for over 20 years and has established 2 manufacturing factories and an R&D center in Southeast Asia, implementing localized product designs while building strong local production and development capabilities. Recently, Midea has also become a Global Supporter of the AFC's club competitions, further connecting with local consumers. Looking ahead, Midea will continue to inspire and upgrade inverter technology, committed to the transition towards more energy-efficient, user-friendly air conditioning solutions that combine cutting-edge technology with practical everyday benefits for consumers. Midea Official Website Thailand https://www.midea.com/th Malaysia https://www.midea.com/my Indonesia https://www.midea.com/id Vietnam https://www.midea.com/vn The Philippines https://www.midea.com/ph Hashtag: #mideaThe issuer is solely responsible for the content of this announcement.
JAKARTA, Indonesia, May 28, 2025 /PRNewswire/ -- PT Sarana Multi Infrastruktur (Persero) ("PT SMI") reaffirms its commitment to accelerating the energy transition in Indonesia. PT SMI is exploring potential collaboration with PT Perusahaan Listrik Negara (Persero) ("PT PLN") and HDF Energy. The Memorandum of Understanding (MoU) for Exploring Financing Support Related to Hydrogen Utilization for Electrification, signed by the three parties, was announced directly in front of the President of the Republic of Indonesia, Prabowo Subianto, and the President of France, Emmanuel Macron, at the State Palace, Jakarta, on Wednesday, May 28, 2025. The President Director of PT SMI, Reynaldi Hermansjah, the President Director of PT PLN, Darmawan Prasodjo, and the Founder & CEO of HDF Energy, Damien Havard, who are the signatories of the MoU, were also present at the State Palace. The announcement of this MoU is one of the series of agendas during President Macron's bilateral visit to Indonesia. The Memorandum of Understanding (MoU) for Exploring Financing Support Related to Hydrogen Utilization for Electrification, signed by the three parties, was announced directly in front of the President of the Republic of Indonesia, Prabowo Subianto, and the President of France, Emmanuel Macron, at the State Palace, Jakarta, on Wednesday, May 28, 2025. Through this agreement, PT SMI further demonstrates its role in fostering collaboration with various parties on climate issues. "Today is a very important day for PT SMI, as our active role in the energy transition has been appreciated by President Prabowo and President Macron. This certainly motivates us even more to enhance our collaborative spirit in helping to address the impacts of climate change. We are interested in exploring support for this project due to several aspects, namely first, support for the implementation of new technology, specifically hydrogen in the energy transition aspect, then the project's location in Eastern Indonesia, which is a priority area for us, and the need for blended finance," said Reynaldi Hermansjah, President Director of PT SMI. Through the newly signed MoU, PT SMI, PT PLN, and HDF Energy are ready to collaborate in developing Hydrogen on Sumba Island, East Nusa Tenggara. This project will also place Indonesia at the forefront of the Asia-Pacific region in the development of clean energy based on fuel cell technology, leveraging HDF Energy's specialization in hydrogen-to-power technology. HDF Energy is a French company that develops and operates hydrogen infrastructure, focusing on the development of power plants that can continuously generate electricity sourced from renewable energy and Megawatt-scale fuel cells. This project is projected to reduce Greenhouse Gas (GHG) emissions by 711,946 tCO2e over 25 years of operation or an average of 28,478 tCO2e per year. In addition to environmental benefits, PT SMI also highlights the significant advantages of this project, especially for the socio-economic conditions of the surrounding communities in Sumba Island. "This project will provide access to clean and stable energy for more than 10 thousand households in Sumba, without any negative impact on the environment. Of course, this will benefit the community in providing their electricity needs for daily activities. Moreover, this project will also accelerate local economic growth, as it supports the local agriculture and tourism sectors, and creates new jobs, employing more than 100 workers during its construction and operational phases," added Reynaldi. As of March 2025, PT SMI has financed 96 climate-related projects with a cumulative commitment of IDR 34.1 trillion and a project value of IDR 175.3 trillion. As many as 48 projects have been calculated, resulting in a potential avoided Greenhouse Gas (GHG) of 4.0 million tons of CO2-Equivalent and a potential Carbon Credit Equivalent of USD 14 million. About PT Sarana Multi Infrastruktur (Persero) ("PT SMI") PT Sarana Multi Infrastruktur (Persero) ("PT SMI"), established on February 26, 2009, is a State-Owned Enterprise under the coordination of the Ministry of Finance, in the form of a Non-Bank Financial Institution (LKBB). PT SMI plays a role and has a mandate as an agent of sustainable development. PT SMI has 3 business pillars, namely Commercial Financing, Public Financing, and Advisory Service and Project Development. PT SMI has various functions and unique products/features to support the acceleration of infrastructure development, which not only serves as infrastructure financing but also as an enabler through the implementation of the Government and Business Entity Cooperation (KPBU) scheme involving various financial institutions, both private and multilateral. PT SMI actively supports the implementation of Public Private Partnership (PPP) and encourages the acceleration of infrastructure development in the regions through regional loan products.
BEIJING, CHINA - Media OutReach Newswire - 20 May 2025 - On the morning of May 20, the 29th World Gas Conference (WGC2025) opened at the China National Convention Center in Beijing. This marks the first time in the nearly 100-year history of the World Gas Conference that the event is being held in China. As one of the three flagship events of the International Gas Union (IGU), this year's conference is themed "Energizing a Sustainable Future." It has brought together more than 3,000 delegates from 70 countries and regions around the world to engage in in-depth discussions and consensus-building on global energy transition, the development of the natural gas industry, and pathways to a sustainable future. Energizing a Sustainable Future: The 29th World Gas Conference Opens in Beijing The opening ceremony was chaired by Mr. Cao Yujun, Chair of the National Organizing Committee (NOC). Speeches were delivered by Li Yalan, President of the International Gas Union; Yin Yong, Mayor of Beijing; Wan Jinsong, Deputy Director of the National Energy Administration; Patrick Pouyanné, Chairman and CEO of TotalEnergies; and Dai Houliang, Chairman of China National Petroleum Corporation (CNPC). Li Yalan, emphasized that amid multiple global challenges such as climate change, energy security, and geopolitical tensions, natural gas — with its advantages of abundant reserves, cleanliness, efficiency, and cost-effectiveness — is becoming an indispensable pillar of the global energy mix. She noted that China, as the world's largest importer of natural gas and LNG, is drawing growing international attention for its development model. In particular, she highlighted how Beijing has leveraged natural gas to significantly improve air quality, offering a replicable model for other developing countries. Yin Yong stated that Beijing firmly implements the country's new energy security strategy and continues to promote the green and low-carbon transformation of the energy structure. Currently, natural gas accounts for more than 35% of Beijing's energy consumption. Through initiatives such as coal-to-gas conversion, the city has achieved a more than 60% reduction in average annual PM2.5 concentrations and nearly a 50% decrease in carbon intensity over the past decade. He reaffirmed Beijing's commitment to opening up and deepening international energy cooperation while promoting sustainable urban development. Wan Jinsong noted that China's energy production and consumption continue to grow, with increasingly robust infrastructure and a nationwide unified gas network essentially completed. He emphasized significant improvements in natural gas dispatching and emergency response capacity. He said breakthroughs were seen in deep-earth, deep-sea, and unconventional resource development, helping boost output of natural gas. Wan proposed four key initiatives: enhancing supply capabilities to serve global public welfare, prioritizing ecology in green development, empowering the energy system through digital transformation, and improving governance via multilateral cooperation. He called for continued openness and win–win collaboration to jointly build a secure, efficient, clean, and low-carbon global energy system. Patrick Pouyanné highlighted TotalEnergies' efforts to maintain its leadership in the conventional oil and gas market while actively participating in the global energy transition. He reiterated TotalEnergies' commitment to achieving net-zero emissions by 2050 and to furthering international cooperation to build a diversified, clean, secure, and sustainable energy future. Dai Houliang introduced CNPC's recent breakthroughs in deep oil and gas exploration, including the successful completion of a 10,000-meter ultra-deep drilling mission and continuous progress in unconventional resource development. As Asia's largest and the world's second-largest energy company, CNPC plays a key role in safeguarding national energy security and consistently undertakes critical supply missions during peak winter and summer periods. He stressed CNPC's unwavering commitment to green transition, accelerating the integration of oil, gas, and new energy, and building a synergistic, multi-energy system. As the only Chinese member of the Oil and Gas Climate Initiative (OGCI), CNPC will continue to actively participate in global climate governance, contribute to China's carbon peak and carbon neutrality goals, and help extend the benefits of green development to more countries, clients, and communities, he said. Following the speeches, Mr. Cao Yujun, Chair of the NOC, invited Yin Li, Secretary of the Beijing Municipal Committee of the CPC; Yin Yong, Mayor of Beijing; Li Yalan, President of the IGU; Wan Jinsong, Deputy Director of the National Energy Administration; Li Xiaolong, Vice Minister of Housing and Urban-Rural Development; Dai Houliang, Chairman of CNPC; and Patrick Pouyanné, Chairman and CEO of TotalEnergies, to jointly inaugurate the opening ceremony. As the countdown reached zero, the main screen lit up with the words "WGC2025 Officially Opens," and the venue erupted in enthusiastic applause—marking the official launch of the 29th World Gas Conference. According to schedule, WGC2025 will feature more than 80 high-level forums covering topics such as LNG development, natural gas and renewable energy integration, energy security, and digital transformation. More than 400 distinguished guests will engage in deep dialogue on industry trends and technological innovation. The concurrent exhibition spans 50,000 square meters — the largest in the event's history — and is expected to attract more than 30,000 professional visitors from China and abroad. The 29th World Gas Conference (WGC2025) is presented by the International Gas Union, hosted by Beijing Gas Group, and exclusively organized by Capital Convention & Exhibition Group. The issuer is solely responsible for the content of this announcement.
SINGAPORE, May 16, 2025 /PRNewswire/ -- Singapore EXPO, managed by Constellar, has become a pioneer awardee of the prestigious Platinum Certification under the MICE Sustainability Certification (MSC) framework developed by the Singapore Association of Convention & Exhibition Organisers and Suppliers (SACEOS). This certification at the Platinum level has attained Global Sustainable Tourism Council (GSTC) Recognised status, aligning with the GSTC MICE Criteria Version 1.0 supported by Singapore Tourism Board (STB) with Singapore EXPO being part of the Early Adopter Program of the GSTC MICE Criteria. The MSC rewards excellence in event sustainability across environmental, social, and governance pillars. The Platinum certification, introduced in November 2024, represents the highest tier of sustainability recognition through a rigorous evaluation of the sustainability practices of venues and event organisers against global standards. This recognition underscores Singapore EXPO's commitment to being a leading venue in spearheading sustainability in the Meetings, Incentives, Conferences, and Exhibitions (MICE) industry and its leadership in sustainable operations. Raising the Bar in Sustainability Excellence From clean energy and smart buildings to zero-waste solutions and responsible food practices, Singapore EXPO's sustainability journey across 26 years reflects its core values of innovation, collaboration, and community engagement. Key achievements and best practices include transitioning to renewable energy sources, the implementation of advanced waste management systems, and adopting energy-efficient technologies. Solar-powered Sustainability: Home to Singapore's current largest single-site solar rooftop installation, at an estimated size of eight football fields, the solar panels generate clean renewable energy that power 100% of the MICE activities that take place at Singapore EXPO. Comprehensive Waste Management: Singapore EXPO has a comprehensive waste management program, supported by an on-site sorting facility, food digester and partnerships with recycling vendors to maximise landfill diversion rates. Energy Efficiency: The implementation of energy-efficient lighting systems, including the use of LED lighting throughout the venue and advanced HVAC systems, have reduced energy consumption by 25%. Water Conservation: Water-saving fixtures and the completion of a rainwater harvesting system by 2025 will reduce Singapore EXPO's water efficiency index by 10% by 2026. Community Engagement: Ongoing collaborations with local organisations such as BlueAcres and NTUC LearningHub, and Institutes of Higher Learning such as Singapore University of Technology and Design and Nanyang Polytechnic, to drive skills training, social sustainability programs and community outreach initiatives. Sustainable Event Solutions: Rooftop urban farm to augment event catering with up to one ton of produce per month, as well as eco-friendly options to event organisers such as biodegradable materials, digital ticketing, and carbon offset programs. "Exhibitions bring global communities together, fostering new connections, ideas, businesses, and partnerships that can shape the future. Constellar has a unique opportunity and responsibility to be a force for good, driving collaboration and galvanising collective action for sustainable growth and positive impact." said Chua Wee Phong, Group Chief Executive Officer, Constellar. In the past 25 years, Singapore EXPO has hosted over 100 million visitors and approximately 12,000 events. It hosted about 400 events last year. He added: "Being a sustainable venue is a key differentiator for events and can significantly scale impact across the industry. Singapore EXPO is proud to continue pioneering continuous innovation in sustainable venue operations and fostering active collaboration with partners across the MICE industry, as Asia's Most Sustainable MICE Venue powered by renewable energy." Pioneering a Green Future for Events With this certification, Singapore EXPO reaffirms its commitment to being a hub for sustainable innovation. As the global MICE industry continues to evolve, the venue remains steadfast in its mission to provide world-class facilities while prioritising environmental stewardship and social responsibility. "Congratulations to Constellar on achieving the Platinum tier under the Singapore MICE Sustainability Certification (MSC)," said Richard Ireland, President, SACEOS. "This is the highest accolade that sets a new benchmark for the industry—paving the way for deeper sustainability integration and elevating best practices across the MICE landscape. We commend Constellar's continued commitment to raising the bar and shaping a more responsible, future-ready industry. I hope this milestone encourages more organisations to embark on their own sustainability journey and collectively uplift the standards of excellence in our industry." Looking ahead, Singapore EXPO continues to contribute to Singapore's Green Plan 2030 by expanding renewable energy sources, enhancing green infrastructure, and promoting sustainable tourism. In particular, the installation of additional solar panels before the end of the year will enable power 75% of Singapore EXPO's overall consumption to be powered by renewable energy, as well as a corresponding 75% reduction of Scope 1 and 2 carbon emissions by 2025, when compared to pre-COVID baselines. Learn more about Singapore EXPO's sustainability initiatives and how it's Going Green here. About Singapore EXPO Home to some of the greatest leading events in the world, Singapore EXPO is the country's largest purpose-built meetings, incentives, conventions, and exhibitions (MICE) venue. We are your playground of possibilities, where ideas collide, business leaders unite and connections flow. With interconnected event spaces spanning 10 halls and 32 meeting rooms across 123,000 sqm, indoors to outdoors, our versatile venue is ready for events of any proportions. As a trusted venue partner with over twenty years of exhibition and event experience, Singapore EXPO challenges the norm and pioneers ground-breaking solutions that elevate your event experience to greater heights. Visit singaporeexpo.com.sg for more information. About Constellar Constellar is Asia's preferred partner for convening businesses, curating ideas and creating opportunities for sustainable business growth and global impact. Based in Singapore with a regional footprint in China and Malaysia, we curate and develop influential trade and consumer events for key industries, connecting global marketplaces in sectors such as fintech, industrial transformation and ESG. We also manage the Singapore EXPO, Singapore's largest purpose-built venue for Meetings, Incentives, Conventions and Exhibitions (MICE). Our vision is to be a global leader made in Asia, activating impactful networks to enable cross-industry collaboration and innovation through our holistic portfolio of intellectual properties in the MICE industry. Visit constellar.co for more information.
TAIPEI, May 14, 2025 /PRNewswire/ -- Cathay United Bank (CUB) marked its 20th anniversary in Vietnam by launching a year-long celebration with a landmark ESG seminar, bringing together over 80 industry leaders to chart a course for sustainable development among businesses in Vietnam. Cathay United Bank HCMC Branch Head VJ Lu (sixth from the left.) emphasizes that we’ve looked at real challenges and practical ideas for ESG and sustainable development. Whether it was energy transition, strategy, or real business stories, it all comes down to one thing: collaboration really is key if we want to drive long-term change.” (Photo provided by Cathay United Bank) Focusing on ESG: Global Trends and Local Challenges In a bold demonstration of its commitment to sustainability and innovation, Cathay United Bank Ho Chi Minh City Branch (CUBHCM) celebrated its 20th anniversary under the theme "Better Together" by hosting the seminar "ESG: Challenges and Practices for Sustainable Development." As Environmental, Social, and Governance (ESG) criteria increasingly influence global business strategy, the event provided key industry stakeholders with practical insights and strategic guidance to navigate the evolving sustainability landscape. As a commercial bank under Cathay Financial Holdings – one of Asia's leading financial institutions – CUB not only provides financial services but also actively serves as a key partner for businesses transitioning towards sustainability. In 2015, CUB became the first Taiwanese bank to adopt the Equator Principles, ensuring its financed projects align with international environmental and social risk management standards, laying a solid foundation for supporting sustainable development in business. Mr. Michael Wen, Executive Vice President of Cathay United Bank, emphasized at the seminar, "Cathay United Bank aims to support our clients in navigating the evolving ESG landscape by providing insights into global and local trends, regulatory developments, and practical implementation approaches, empowering businesses. Vietnam's rapid economic growth presents both opportunities and challenges in sustainability, and collaboration between businesses, financial institutions, and policymakers is key to driving meaningful change." During the forum, Mr. Nguyễn Hoàng Nam, ESG Leader at PwC Vietnam, highlighted the challenges many domestic small and medium-sized enterprises (SMEs) face regarding ESG: "Approximately 39% of businesses have never heard of ESG, and over 60% are unaware of relevant regulations. Key barriers include financial constraints, a lack of clear legal guidance, and limited ESG implementation capacity." To address these challenges, Mr. Nguyễn Hoàng Nam advised that businesses to invest in internal ESG training, develop reliable reporting data systems, proactively seek green finance partners, and engage with industry associations to learn best practices. Practical Models and Industry Best Practices Despite the challenges, ESG implementation in Vietnam has seen encouraging progress. At the policy level, the Vietnamese Government has issued the Green Growth Strategy for 2021–2030. The forum also featured representatives from leading companies in ESG execution and certification, including IDICO Industrial Park, Schneider Electric, Ares International Certification, Dan-D Foods, and Micro Electricity . For instance, IDICO Industrial Park has introduced greener practices in heavy industry. It has installed rooftop solar systems across pre-built factories and reused wastewater. IDICO also prioritises human capital by developing convenient social housing, attracting quality workers. Meanwhile, Schneider Electric, with a Net Zero target by 2050, is actively developing clean technologies such as clean electricity and grid decarbonization to reduce its carbon footprint. Cathay United Bank : Partnering with Vietnamese Businesses for Sustainability By 2024, CUB had earned nearly 90 prestigious awards recognising achievements in asset management, digital innovation, and ESG practices—a testament to its position as a responsible and forward-thinking bank. Most recently, Cathay United Bank ranked in the top 20% of the Financial Supervisory Commission's sustainable finance ratings. Guided by its vision, positioning Vietnam as "second home," CUB has taken significant steps in the recent years to promote ESG development across the country. Notably, the branch partnered with the Asian Development Bank (ADB) to finance Vietnam's largest onshore wind power project in Ninh Thuận province, with a total investment of USD 107 million. Furthermore, the Cathay United Bank Ho Chi Minh City Branch has launched a green loan programme in the form of CAPEX financing to support Vietnamese companies in developing sustainable, eco-friendly projects. The first phase factories under this initiative were the first in Northern Vietnam to receive the international LEED green building certification. Mr. VJ Lu, the General Manager of CUB Ho Chi Minh City Branch stated, "Throughout today's seminar, we've looked at real challenges and practical solutions for ESG and sustainable development. Whether it was energy transition, strategy, or real business stories—it all comes down to one thing: working together. Collaboration really is key if we want to drive long-term change." As the opening event of CUB's 20 years anniversary celebration in Vietnam, this seminar underscores the bank's commitment to connecting people, ideas, and solutions. Embracing the message "Better Together", CUB affirms that ESG is not a solitary path, but a shared responsibility requiring collaboration across the enterprise–finance–community ecosystem to move further, together.
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