The event was jointly organised by Siemens Vietnam and Advanced Information Technologies Corporation (AIT). This significantly marks the development and cooperation between the two major brands in transferring and receiving technology for directly producing SIVACON S4 switchboards.

The moment of the cooperation ceremony between Siemens Vietnam and AIT

With well-invested machinery and infrastructure, the switchboard – from Siemens and manufactured in Vietnam by AIT - complements the SIVACON S8 switchboard, which offers more options to middle and upper-class customers in terms of office buildings, supermarkets, hotels, and industrial parks. The SIVACON S4 switchboard will ensure high requirements for constant and efficient power supply, optimisation of operation and installation area.

The SIVACON S4

Moving towards a green, circular, sustainable, inclusive and humane economy is an inevitable tendency for national growth. Vietnamese corporations are making efforts to accompany the government to achieve its commitment of net-zero emissions by 2050.

In such spirit, AIT and Siemens organised the seminar “Sustainable Development and Net Zero Carbon 2050 - Vision and Challenges” to discuss the advantages of renewable energy in Vietnam, the construction orientation and the active greenhouse gas emission reduction measures along with the international community’s cooperation and support and technology transfer, including implementing mechanisms under the Paris Agreement.

The seminar was participated in by Tang The Hung, vice president of the National Energy Efficiency and Sustainable Development Programme under the Ministry of Industry and Trade (MoIT); Dr. Pham Thai Lai, president and CEO of Siemens AEAN and Vietnam; Nghiem Xuan Da, general director of VNSteel and chairman of the Vietnam Steel Association; and Douglas Snyder, CEO of the Vietnam Green Building Council.

The speakers of the seminar

During the seminar, Hung reiterated the Vietnamese government’s commitments at COP 28 on implementing the net-zero emissions by 2050. In particular, he emphasised that the MoIT will focus on three main areas: developing mechanisms and policies to promote net-zero emissions; promoting actions to raise awareness of entities and citizens; and building resources to support entities operating in Vietnam to achieve green and sustainable development goals, towards carbon neutrality.

Following up, Snyder mentioned the importance of managing risks related to sustainable development goals. For instance, the Carbon Border Adjustment Mechanism (CBAM) has officially taken effect in Vietnam; and after COP 28, the government may promulgate stricter regulations to ensure that entities adopt green practices. Additionally, consumers are increasingly seeking out environmentally friendly products that emit less carbon.

Da, from a business perspective, has expressed that Net Zero presents both an opportunity and a huge challenge. This is because the steel industry is one of the largest producers of emissions, accounting for 8 per cent of total CO2 emissions according to statistics from the International Energy Agency. VNSteel, as one of the entities targeting to produce green steel, aims to transform its production technology by using green energy hydrogen, and automating and digitising production lines to improve energy efficiency. However, the entity needs to solve the problem of properly allocating human, financial, and time resources to ensure competitive advantage while still achieving the government’s carbon-neutral goal.

It is expected that by focusing on the goals and orientations mentioned at the seminar, as well as moving from the likes of Siemens Vietnam and AIT, will contribute to positive signals in green energy development.

The delegates attended the event