Vingroup Advances Sustainability Through a Holistic Ecosystem Approach
HANOI, VIETNAM - Media OutReach Newswire - 24 April 2025 - As climate change intensifies and sustainable practices become a global priority, businesses are increasingly called upon to address environmental challenges. Vingroup, a diversified conglomerate led by its Chairman – Vietnamese billionaire Phạm Nhật Vượng, has embraced this responsibility by developing a green ecosystem in Vietnam. This comprehensive approach integrates sustainable transportation, eco-friendly urban developments, and environmental initiatives, positioning the group to contribute meaningfully to both economic progress and environmental conservation.
Central to this ecosystem are efforts like VinFast's electric vehicles, Vinhomes' green urban projects, and Vinpearl's sustainable tourism practices. These initiatives demonstrate how a corporate strategy can align operational priorities with sustainability goals, aiming to lower greenhouse gas emissions, conserve resources, and promote environmentally friendly living.
Driving Sustainable Transportation, One EV At A Time
A key component of Vingroup's green ecosystem is its emphasis on sustainable transportation, driven by VinFast. Focused on producing electric vehicles, including cars, scooters, buses, and bicycles, VinFast plays a vital role in reducing carbon emissions while aligning with global clean mobility trends.
In Q4 2024, the car company posted record-breaking sales in Vietnam, securing its position as the leading player in the domestic market. This milestone highlights a significant consumer shift toward sustainable transportation and reinforces VinFast's expanding role in addressing this growing demand.
In addition to VinFast's contributions, initiatives like Xanh SM and V-GREEN expand the ecosystem's impact. These programs promote electric ride-hailing services and invest in charging infrastructure, making sustainable transportation more accessible. By addressing urban mobility challenges and reducing air pollution, they form part of a broader strategy to integrate sustainability into urban planning.
Creating Sustainable Urban Spaces
Vingroup extends its environmental commitment to urban living through Vinhomes. These residential projects emphasize green spaces, renewable energy, and energy-efficient infrastructure. Certified green buildings within Vinhomes developments contribute to reduced energy consumption and align with international standards for sustainable urban development.
Vinhomes also encourages environmentally conscious practices among residents. Incentives such as vouchers for electric cars and scooters have led to increased adoption of clean transportation within these communities. Public spaces are designed to accommodate pedestrians and cyclists, reinforcing a culture of sustainable urban living.
Vingroup's sustainability efforts further extend to Vinpearl, its tourism and hospitality division. Resorts and hotels under the Vinpearl brand incorporate waste reduction, water conservation, and biodiversity protection measures. Initiatives such as rainwater collection systems and closed-loop wastewater treatment highlight how tourism can operate responsibly while minimizing environmental impacts.
Supporting Broader Environmental Goals
Beyond its business operations, Vingroup advances environmental conservation through the Green Future Fund. This initiative supports renewable energy research, reforestation programs, and community engagement efforts. Activities like tree planting campaigns enhance ecosystems and promote greater awareness of sustainability.
Chairman Phạm Nhật Vượng's vision for a cohesive green ecosystem exemplifies how established businesses like Vingroup can balance economic development with environmental responsibility. By prioritizing sustainable transportation, eco-friendly urban living, and conservation, Vingroup aligns its operations with global initiatives to tackle climate challenges and promote sustainable development.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
11 hours ago
- The Star
US imposes anti-dumping duty on Vietnamese shrimp exporters
Vietnamese workers process shrimps in a factory in southern province of Soc Trang. -- Photo by AFP HANOI (Vietnam News/ANN): The US Department of Commerce (DOC) has issued a preliminary anti-dumping duty of 35% on shrimp exported by 24 Vietnamese companies. The decision follows from the DOC's 19th administrative review, released on Saturday, of frozen warmwater shrimp imports from Vietnam, covering shipments between Feb. 1, 2023, and Jan. 31, 2024, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported. According to VASEP, the DOC determined that Thong Thuan Co., including its Cam Ranh branch, did not sell shrimp below fair value, resulting in a zero dumping margin for the company. However, STAPIMEX was preliminarily assigned a high dumping rate of 35.29%. This rate was also applied to 22 other companies with separate rate status that were not selected as mandatory respondents, departing from the usual practice of using a weighted average of the mandatory respondents' rates. The VASEP and affected companies expressed surprise and deep concern over the unusually high preliminary rate. "In the 19 years that Vietnam has participated in the administrative reviews of the anti-dumping case, no company has ever been subjected to a double-digit preliminary duty," the association said in a statement. It added that the high rate echoes a previous incident during the 12th review when a 25.76% preliminary rate assigned to FIMEX was later corrected to 4.58% due to calculation errors. VASEP and the involved enterprises suspect that errors or misunderstandings may have affected the current preliminary findings. STAPIMEX, confident in its detailed accounting records, plans to promptly submit additional evidence. Both VASEP and the company remain hopeful that the final decision, expected in December 2025, will more accurately reflect the true nature of Vietnamese shrimp exports and confirm that dumping has not occurred. Although the preliminary findings are not final, the announcement has already unsettled US importers, disrupted trade plans, and shaken the confidence of Vietnamese shrimp farmers, VASEP said, adding that this development comes amid the US administration's broader high reciprocal tariff policies targeting Vietnam and other countries, adding further challenges for the industry. VASEP has urged the DOC to thoroughly review and reconsider its preliminary calculations, stressing the importance of fairness, consistency with past reviews, and safeguarding the legitimate interests of Vietnamese seafood exporters to ensure stable trade relations between the two nations. Vietnam is the fourth-largest supplier of frozen shrimp to the US, after India, Ecuador, and Indonesia, with US$691 million in export value last year. - Vietnam News/ANN
The Star
12 hours ago
- The Star
Vietnam exports up as US tariff threat lingers
HANOI: Vietnam's exports rose sharply last month, official figures showed Friday (June 6), as the communist country tries to negotiate relief from swingeing tariffs threatened by US President Donald Trump. May exports stood at US$39.6 billion, according to data from the General Statistics Office, up 17 percent on the same period a year ago, while the year-to-date total reached US$180.2 billion, 14 percent higher than in 2024. Vietnam, a major centre for global brands producing shoes and clothes, says it is making progress in talks with Washington to head off Trump's threatened 46 percent levy. The Southeast Asian manufacturing hub has the third-biggest trade surplus with the United States after China and Mexico, putting it in the firing line for Trump's "Liberation Day" global tariff blitz. Vietnam's overall import-export turnover stood at $78.6 billion in May, 15.5 percent higher than the same month last year. Imports were up by 14.1 percent year on year to stand at $39 billion in May. Processed industrial goods dominated exports, while imports were led by production materials. Despite the tariff uncertainty, the United States remained Vietnam's number one export market with $57 billion in the first five months of 2025 -- up from $44 billion over the same period a year ago. Vietnamese and US trade negotiators meeting in Paris this week agreed to step up the pace of their talks. Vietnam has signed several agreements to buy hundreds of millions of dollars' worth of agricultural products and other raw materials from the United States as it seeks to rebalance their trading partnership. Trump's real estate group also broke ground last month on a $1.5-billion luxury golf resort in Vietnam, while his son Eric Trump has been scouting locations for a potential tower project in Ho Chi Minh City, the country's southern business hub. - AFP
The Star
18 hours ago
- The Star
Vietnam inks deals to buy US$3 Billion US products before talks
Vietnam has pledged to buy more US agricultural products. - Bloomberg HANOI: Vietnamese businesses have signed 20 agreements worth about US$3 billion to import more US agricultural products ahead of the third round of official negotiations set to take place next week. Memoranda of understanding were signed during talks involving Minister of Agriculture and Environment Do Duc Duy in Iowa, Ohio, Maryland and Washington from June 2-6, the ministry said in a statement on Saturday (June 7). "These agreements highlight the strong commitment and goodwill of Vietnam's business community and government to promote balanced trade with the US, and to encourage the Trump administration to reconsider high reciprocal tariffs on Vietnamese goods,' it said. Vietnam has engaged in weeks of intense diplomacy with the US - the largest export market of the trade-reliant country - as it seeks to avert a threatened 46 per cent tariff, which was later wound back to ten per cent for 90 days to allow time for talks. The reference to "goodwill' echoes language used earlier this week, when the South-East Asian nation sent a written reply to US trade requests after the Trump administration vowed to keep pressuring the country to reduce its role in China supply chains. Vietnam cited progress after the second round of trade talks last month but said that outstanding issues remain. It's taken steps to address some US concerns, such as stepping up a crackdown on trade fraud and promising to buy US agricultural products. - Bloomberg
