Vietnam’s energy transition: strategic considerations for businesses

Evolution of sustainability transformation models from incremental to transformational

While current changes in Vietnam are largely gradual, the widespread adoption of renewable and smart energy technologies, driven by the pace of innovation, could pave the way for businesses to transform more radically.

Difficulty in implementation is a major challenge hindering enterprises from adopting radical transformation models. When evaluating these strategy models in order to implement them effectively, it is important to consider the context of Vietnam, including but not limited to:

• Availability advanced technologies to implement operational efficiency initiatives

• Feasibility technological upgrading and converting existing technologies to operate more sustainably

• Appropriateness new transformation enterprises with Vietnamese regulatory restrictions

Leveraging a capabilities-based strategy framework to address implementation challenges

A framework that makes the energy transition feasible, affordable and profitable.

A capability-based strategy helps you adapt strategic aspirations in the field of energy transformation With unique possibilities every company. This helps companies achieve lasting success in the energy transition by developing in a way that suits their capability system and value proposition.

Identification of measurable actions and initiatives

There are many options for energy transformation. By categorizing them into distinct levels in the carbon management hierarchy, companies can easily identify appropriate options.

A structured overview of options can help make consistent choices across business units. This review should consider the different business units (if heterogeneous), including a high-level description of the strategic option, a description of the likely impacts, and a time dimension to facilitate the development of the strategic story.

Leading the path to a just and sustainable energy transition

AND just a transition refers to achieving net zero targets while taking into account the social and economic impacts on individuals, workers and communities.

Vietnamese government involvement in Just Energy Transition Partnership (JETP) Calls on businesses to adopt a just energy transition approach to balance environmental impact with commercial feasibility and impact for all stakeholders during the transition to net energy.