Energy Transition Update: 06.7 - 13.7.2026
Energy Transition Update: 06-13.7.2026
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Energy Transition Update: 06-13.7.2026 ---
HO CHI MINH CITY PROPOSES SPECIAL ENERGY MECHANISMS TO SUPPORT FUTURE GROWTH
PetroTimes – 8 July 2026
Ho Chi Minh City has proposed a series of special policy mechanisms to remove bottlenecks in energy development and strengthen long-term energy security. The city is seeking greater authority to update local power development plans, approve detailed electricity planning and accelerate key energy projects. It also wants greater flexibility to mobilise investment for strategic energy infrastructure, including petroleum and LNG storage, electricity reserves and battery energy storage systems (BESS). Another proposal is to establish a regional energy storage centre in Long Son, which could become a strategic hub for southern Vietnam. Together, these measures are intended to ensure a more reliable energy supply while supporting the city's economic growth and industrial development. They also reflect a broader shift towards more decentralised and flexible energy governance as Vietnam's energy system becomes increasingly diverse and complex.
DEPUTY PRIME MINISTER URGES BUSINESSES TO TAKE A PROACTIVE ROLE IN VIETNAM’S CARBON MARKET
VnExpress – 8 July 2026
Deputy Prime Minister Nguyen Van Thang has called on Vietnamese businesses to actively prepare for participation in the domestic carbon market, describing green transformation as both a necessity and an opportunity to enhance long-term competitiveness. He urged companies to develop emissions reduction roadmaps, integrate environmental, social and governance (ESG) principles into their business strategies, improve the transparency of environmental data and participate proactively in carbon trading. The Government also reaffirmed its commitment to expanding green finance, including green bonds and green credit, while continuing to refine the legal framework for carbon pricing and emissions trading. Rather than viewing carbon markets simply as a compliance requirement, businesses are encouraged to see them as a tool for improving efficiency, attracting investment and strengthening access to international markets. The message reflects Vietnam's broader strategy of making green finance and carbon markets central pillars of its pathway towards net-zero emissions by 2050.
LONG AN PORT BECOMES FIRST VIETNAMESE COMPANY TO WIN ASIA-PACIFIC SMART GREEN PORT AWARD
VietnamPlus – 9 July 2026
Long An International Port has become the first Vietnamese company to receive the Smart Green Port Company of the Year 2026 award from Frost & Sullivan under the Asia-Pacific Best Practices Awards. The recognition reflects the port's progress in digital transformation, smart logistics and sustainable operations at a time when environmental, social and governance (ESG) standards are becoming increasingly important across global supply chains. Company leaders said the award reinforces the growing international competitiveness of Vietnam's seaport industry and validates its efforts to build an integrated port–industrial–logistics ecosystem. During the ASEAN Ports & Logistics 2026 Conference in Kuala Lumpur, the port also showcased its Smart Green Port model and shared its experience in adopting digital technologies. The achievement highlights how investments in green infrastructure and digital innovation are helping Vietnamese ports strengthen their position in regional and global logistics networks.
HO CHI MINH CITY MOVES TO DEVELOP PHU MY 3 AS ITS FIRST ECOINDUSTRIAL PARK
VietnamPlus – 11 July 2026
Ho Chi Minh City is moving forward with plans to develop Phu My 3 Specialised Industrial Park as its first officially recognised eco-industrial park under Vietnam's new regulatory framework. Developed through cooperation between Vietnam and Japan, the nearly 1,000-hectare industrial park is designed to promote resource efficiency, cleaner production and industrial symbiosis, where businesses share energy, materials and by-products to reduce waste and emissions. The model aims to improve the environmental, social and governance (ESG) performance of firms while enhancing their competitiveness in increasingly sustainability-focused global supply chains. It also aligns with Vietnam's broader goals of advancing the circular economy and achieving net-zero emissions by 2050. If successful, Phu My 3 could serve as a model for transforming traditional industrial parks into greener, more resource-efficient production hubs across the country.
Summarised by Phan Le and Hai Thanh Nguyen
In collaboration with the ANU Institute for Climate, Energy & Disaster Solutions