2:43:31 PM | 5/23/2025
As global trade undergoes major restructuring toward sustainable development, ESG standards (Environmental – Social – Governance) have become essential for Vietnamese businesses, not just a trend. Applying ESG helps enterprises manage risks, optimize costs, and gain long-term advantages in market expansion and brand building, while moving toward the carbon credit market.
Mr. Oh Daeil, Director of the Smart Energy (SE) Division at LS Electric, emphasized the important role of PV ESS in achieving ESG goals
Sustainable path for Vietnamese enterprises
The seminar on PV ESS as a Game Changer for ESG Goals, recently organized by LS ELECTRIC Vietnam in collaboration with EGP Vietnam and Thai Son Nam Company, attracted numerous experts, businesses and representatives from government agencies and departments. The event aimed to raise awareness and foster discussion on clean, sustainable energy solutions for the future.
A key highlight of the seminar was the launch of the ESG standards set, designed to cut greenhouse gas emissions and make progress toward Net Zero. Experts and businesses explored the crucial role of energy storage in achieving ESG goals, reducing carbon emissions, optimizing operations and driving new technology trends in the energy sector. The seminar also underlined the importance of developing a green energy ecosystem in Vietnam.
Mr. Nguyen Dinh Thai, CEO of EGP Vietnam, emphasized the Government’s regulatory roadmap for developing a legal framework to support the carbon credit market, in line with the Net Zero 2050 target. Key regulations to be introduced include the operation of a carbon credit trading platform, which will begin its pilot phase in 2025 and fully operate by 2028, connecting with international markets. Additionally, regulations will govern international carbon credit offsets, implementing a bilateral exchange mechanism under the Paris Agreement to allow the transfer and receipt of international credits. Enterprises will also be required to conduct greenhouse gas inventories every two years and implement emission reduction measures from 2023 to 2025. The seminar also introduced solar energy solutions integrated with energy storage systems, along with technologies for optimizing design and operations. Practical experiences shared by partners already applying these solutions delivered encouraging messages, motivating businesses to adopt storage technologies for enhanced economic performance and sustainable growth.
LS ELECTRIC Vietnam: Partnering with businesses in ESG transformation
As a member of LS ELECTRIC, a leading corporation in electrical equipment, automation solutions and green energy technology, LS ELECTRIC Vietnam is steadily asserting its pioneering role in supporting businesses on their ESG transformation journey.
One of LS ELECTRIC Vietnam’s key solutions is the Photovoltaic Energy Storage System (PV ESS). This system includes key components such as energy storage, a controller and a monitoring system, enabling flexible storage, management, regulation and supply of electricity. ESS plays an important role in providing backup power during outages or interruptions, helping maintain the operation of essential equipment and preventing financial losses from production downtime. At the same time, it enhances power source stability, ensuring continuous and efficient production.
Notably, LS ELECTRIC Vietnam also introduced the PV ESS solution as a breakthrough in renewable energy technology. By combining solar power generation with advanced energy storage, PV ESS offers a comprehensive, reliable and environmentally friendly energy solution for factories and production facilities.
Mr. Oh Daeil, Director of the Smart Energy (SE) Division at LS Electric, emphasized the important role of PV ESS in achieving ESG goals. He noted that as businesses increasingly prioritize minimizing environmental impact and pursuing sustainable development, adopting PV ESS brings significant practical benefits. Specifically, it helps businesses optimize initial investment, lower energy costs by storing electricity during off-peak hours for flexible use when needed, and ultimately reduce long-term electricity expenses. At the same time, it lessens dependence on grid electricity, which is often subject to price fluctuations.
In addition to reducing costs, PV ESS significantly cuts CO₂ emissions during production, supporting businesses in fulfilling their environmental protection commitments. This not only enhances brand image but also aligns with the growing green consumption trend, strengthening trust from customers and partners. Especially for heavy industries or factories with high electricity demand, adopting PV ESS offers an effective solution for lowering carbon emissions and advancing sustainable development strategies.
In addition, a key advantage of the ESS and PV ESS is their ability to stabilize power supply in production. For factories that rely on continuous electricity, unexpected outages can cause serious disruptions to production lines, affecting both progress and product quality. LS Electric Vietnam’s solutions help businesses address these risks while enhancing overall operational efficiency.
With advanced solutions and close partnership with businesses, LS ELECTRIC Vietnam is solidifying its key role in the ESG transformation journey, while actively contributing to the sustainable growth of the green economy.
In addition to the main discussions, the seminar served as an open forum for businesses and organizations to exchange ideas, share experiences and stay updated on the latest technology trends in energy storage. Delegates discussed the challenges and opportunities of implementing renewable energy technology to achieve sustainability goals within their ESG strategies. Notably, the event provided a platform for participants to connect and explore advanced technology solutions, further promoting the green energy ecosystem in Vietnam. Partners, customers and experts in the energy sector came together for valuable exchanges, enhancing understanding of energy storage technology and sharing energy-saving strategies for the future.
By Mai Ha - Nguyen Bach, Vietnam Business Forum
Vietnamese
