Vietnam prepares for carbon tariffs in pursuit of netzero target

As carbon taxes and credits become more prevalent across markets around the world, Vietnam is seeking ways to demonstrate its responsibility in decarbonisation and help local businesses adapt to change. An official circular on measuring greenhouse gas emissions (GHG) is expected to be released this November, taking Vietnam a step closer to its target of

Brazil exports third DDGS shipment of corn-based ethanol to Vietnam

Corn-based ethanol production increases in Brazil and so does its DDGS supply, so the first cargo of 55,000 metric tons has set sail for Vietnam. Corn ethanol production is expected to rise 31% season over last season at 4.5 billion liters, accounting for about 15% of the country’s overall total production that is dominated by

Fossil fuel vehicles production and import to be restricted in Vietnam from 2040

Vietnam will begin imposing restrictions on the import and manufacture of vehicles that run on fossil fuels from 2040. The Vietnam government’s energy transition programme outlined targets for the reduction of carbon and methane emissions from the transport sector, aimed at making it a zero-emissions industry by 2050. This programme dictates that all road vehicles

Essar jointly invests $300 million in Vietnam’s offshore hydrocarbon block

In a bid to increase its investment opportunities overseas, the Essar group via its exploration entity Essar Exploration and Production Ltd (EEPL) is investing in hydrocarbon block 114, located offshore of Central Vietnam. To be developed jointly with Ente Nazionale Idrocarburi (ENI), an investment of $300 million has been made in the project so far.