The energy storage technologies, including pumped-hydro and battery energy storage systems (BESS), are instrumental in integrating larger volumes of variable renewable energy generation into the power grid while ensuring its safety and reliability.
Shifting to green economy and green growth will help businesses increase their competitiveness and catch up with trends on the domestic and foreign markets.
There has been a number of achievements since the project for green growth promotion in Ha Long Bay area supported by Japanese experts was kicked off in 2016.
Effective market institutions, and a transparent, clean and accountable state are lynchpins of development for Vietnam to resolve four key priorities including private sector, infrastructure, human capital and green growth, according to World Bank Vietnam.
Vietnam Materials Marketplace is one of 11 grantees of Partnering for Green Growth and the Global Goals 2030’s (P4G) 2018 start-up partnerships after a global competition that attracted 450 applications from 80 countries.
Apart from the traditional business investment fields such as securities and real estate, in 2018 the fields associated with 4.0 generation technology, green growth are forecast to achieve outstanding growth, according to Bui Tat Thang. Ph.D - Director of Vietnam Institute for Development Strategies,
According to experts, a lack of access to capital limits firm’s interest in investing in green technology and sustainable development.
