According to Phan Chi Anh, director of the Centre for Administration Business Studies, Vietnam's GDP rose by nearly 2.2 times from 2010 to 2022, and its energy consumption also climbed by 2.4 times, with businesses in the industrial production sector accounting for 55 per cent of the country's total.

To cut 5-10 per cent of electricity consumption as per the National Energy Efficiency Programme, it is vital for these companies to save power.

Nam Dinh Vu is transforming into a green IP

That was also the commitment of the international community at COP26, and Vietnam committed to achieving its net-zero emissions target by the middle of the 21^st century.

In Vietnam's 2020 Nationally Determined Contribution Report that was sent to the Secretariat of the United Nations Framework Convention on Climate Change, greenhouse gas emissions under the business-as-usual development scenario from the energy, industry, and trade sectors by 2030 will account for about 80 per cent of the nation's total emissions.

In Decree No.06/2022/ND-CP, the Vietnamese government stipulates that the Ministry of Industry and Trade is responsible for implementing management and technical measures to reduce 268.5 million tonnes of CO₂ equivalent by 2030.

Clearly, using energy more economically and effectively will not only make an important contribution to ensuring national energy security but also provide the prime solution to achieving Vietnam's net-zero target by 2050.

Sao Do Group’s commitment

Assessing the importance of this, Sao Do Group has been proactive and enthusiastic from early on in converting to green energy at Nam Dinh Vu IP.

In a prime location in Dinh Vu-Cat Hai Economic Zone, with synchronous and modern infrastructure, Nam Dinh Vu IP is home to 65 domestic and international projects run by investors from different countries, including Japan, South Korea, China, Germany, France, Singapore, and more.

With a land area spanning around 1,300 hectares, according to Sao Do Group's calculations, the total solar power capacity that can be installed in Nam Dinh Vu IP comes to more than 1GWp.

A solar power investment cooperation signing ceremony between Sao Do Group and CME Solar

To be able to deploy renewable energy in the IP in the most methodical and efficient way, Sao Do Group has teamed up with major corporations, one of which being CME Solar, to deploy rooftop solar power systems.

Businesses based in the IP have signed cooperative agreements to promote green development on the site, prioritising the use of environmentally friendly technologies and renewable energy through rooftop solar systems.

The policy of expanding rooftop power installations in the IP will leverage a phase-based approach, with the office buildings being targeted first.

Nguyen Thanh Phuong, general director of Sao Do Group, and Chung Dieu Tuan, general director of CME Solar, at the signing ceremony

Converting to green and renewable energy in the IP will also help Sao Do Group's partners to overcome the barrier of tracing the carbon footprints of their products.

If businesses are certified as using more renewable energy for their production, their products can be labelled as such and enter high-end markets such as the EU and US more easily.

“Gradually, the trend of carbon labelling for products will become inevitable,” said Nguyen Thanh Phuong, general director of Sao Do Group.

“Together, we are building a green living community, making our small contribution to spreading positive values and reaffirming our commitment to the path of sustainable development,” Phuong noted.