The Australia-Vietnam Green Economy Program, an initiative led by Asialink and Climateworks Centre and supported by the Department of Foreign Affairs and Trade, aims to foster collaboration between government and business in the green economy. The program will do this by developing commercial opportunities, knowledge, connections and business capabilities for Australian businesses.
Navigating the Australia-Vietnam Green Economy
A report by Asialink
Geopolitics is unavoidable when engaging in global business. The green economy is no exception. This briefing paper delves into the strengthening ties between Australia and Vietnam, centred around shared concerns for climate change and its impact. With Australia's potential as a renewable energy superpower, collaboration in the green economy emerges as a key area. The paper explores the political, economic, and geopolitical landscapes, emphasising the need for intensified efforts from both government and business for meaningful cooperation in mitigating climate change effects.
Decarbonising Vietnam's Energy Generation: Opportunities and Challenges
Vietnam's growing energy demand necessitates significant investments, eyeing renewable sources like solar and wind. This briefing paper touches on the opportunities and the challenges in the energy transition as Vietnam looks to decarbonise its energy generation. Although Australian entities lack a major presence, they hold potential for substantial contributions. Navigating through complex regulatory realms, especially energy pricing structures like Feed-in Tariffs, is crucial for making impactful investments in Vietnam's energy transition.
Asialink and Climateworks hosted two roundtables with industry leaders across the green economy.
Key takeaways from the discussions were:
- While there are economic challenges due to the pandemic, property market and bond market – the future is promising for Vietnam who has strategically positioned itself in key trade deals
- The energy shift to clean energy needs major investment. Previous surges in investment like the 2018-2020 “solar boom” shows promise, with success depending on international partnerships
- Evolving policies encourage investment and the need to develop domestic renewable energy expertise
- While mitigation efforts are crucial, there's a growing consensus on the need to broaden the scope of the green economy by emphasising both mitigation and adaptation.
WEBINAR: Vietnam-Australia Green Economy Cooperation - Focus on Business and Sustainable Finance
This upcoming webinar will uncover practical industry insights into sustainable and green business collaboration between Vietnam and Australia. Join the conversation and engage with top-tier industry voices that could inform your business strategy and position your organisation to be a part of Vietnam’s clean energy transition.