In its fourth edition, the Green Economy Forum (GEF) 2025, organized by EuroCham, brought together policymakers, business leaders, and sustainability experts to discuss the regulatory and market shifts shaping Vietnam’s sustainability journey and its progress. Carlsberg Vietnam joined the panel discussion on DPPA Challenges and Opportunities for FDI Enterprises in Vietnam, to exchange viewpoints and stay aligned with Vietnam’s evolving sustainability priorities.

Andrew Khan, Managing Director of Carlsberg Vietnam

During the panel discussion, Managing Director Andrew Khan shared practical insights into renewable-energy sourcing and outlined how the company is preparing its next steps in line with Vietnam’s broader energy direction.

More than three decades in Vietnam

Carlsberg Vietnam has been part of Vietnam’s economic landscape for over 30 years. As one of the earliest Danish investors in the country, the company has grown alongside local communities, and sustainability has become a core pillar of its long-term strategy.

This is most evident at the company’s Phu Bai Brewery which was just expanded since August 2025. Recent investments in upgraded equipment, advanced technologies, and automation have helped reduce environmental impact while improving productivity.

A production line meeting international standards and applying advanced technology at Carlsberg Vietnam’s Phu Bai Brewery

Today, Phu Bai brewery runs on iREC-certified renewable electricity and biomass-powered steam. Its high-efficiency brew line reduces water use by 20% and energy consumption by 15%, while improved refrigeration systems help lower emissions further. These advancements underpin Carlsberg Vietnam’s environmental roadmap: zero waste to landfill by end of 2025, 100% recyclable or reusable packaging and 2.0 hl/hl water efficiency by 2026, and net-zero carbon emissions in production by 2028.

DPPA as a key enabler for Carlsberg Vietnam’s Net-zero roadmap

The DPPA session at GEF 2025 underscored that Vietnam’s renewable-energy transition will require coordination between policymakers, developers, and businesses. Representing Carlsberg Vietnam, Andrew Khan highlighted how DPPA fits into the company’s long-term sustainability commitments.

Across the Carlsberg Group, Power Purchase Agreements (PPAs) play a central role in securing electricity from newly built renewable projects. Long-term PPAs across Europe and Asia reflect the Group’s ambition to source all electricity from new-build renewable assets by 2030, positioning Carlsberg among early movers in the global brewing industry.

For Carlsberg Vietnam, DPPA is the natural continuation of this global approach. While the company has sourced renewable electricity through I-RECs since 2022, Andrew noted that certificates are only a beginning. To reach net-zero production emissions by 2028, Carlsberg Vietnam is preparing to expand renewable-energy use through DPPA participation and on-site solar projects, aligned with Vietnam’s net-zero roadmap by 2050 and the Group’s global targets.

“DPPA helps make renewable sourcing more meaningful and impactful,” shared Andrew Khan, Managing Director of Carlsberg Vietnam. “It strengthens Vietnam’s clean-energy infrastructure, supports long-term sustainability goals, and signals a clear commitment to modernizing the power market and attracting high-quality green investment.”

“It also opens the door for deeper technology and expertise exchange between Vietnam and Europe. European enterprises can bring innovation, technical know-how, and financing solutions that support Vietnam’s climate agenda. With global experience and a strong local commitment, Carlsberg Vietnam is ready to play a constructive role in this transition.”

A dedicated partner to Vietnam’s Green Transition

As Vietnam accelerates its sustainability journey, Carlsberg Vietnam sees its own roadmap as part of a long-term partnership with the country. The company remains committed to practical, steady progress: strengthening environmental performance, improving operational efficiency, and sustaining community initiatives across the regions where it operates.

Through these efforts, Carlsberg Vietnam aims to contribute to a more resilient and sustainable future for the country, staying true to its purpose of “brewing for a better today and tomorrow.”