The partnership aims to establish a scalable and replicable model for non-intermittent renewable energy, which will be able to develop in off-grid areas, including offshore islands.
If approved and implemented effectively, this policy could see at least 80% of gasoline-powered ride-hailing motorbikes replaced with electric ones within the next two years.
Southeast Asia-6, icluding Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, witnessed a 43% increase year-on-year in private green investments to $8 billion last year.
As part of its investment attraction strategy, the central province is adjusting land use planning, prioritizing areas for wind and solar energy, and simplifying administrative procedures.
Green and sustainable finance is no longer simply an option for Vietnam as it shifts towards a low-carbon economy and strives to meet its development targets.