Vietnam Industrial Decarbonization Vision
Transforming Vietnam's industrial landscape through a strategic partnership to accelerate innovative decarbonization solutions
Drivers of
Industrial
Decarbonization
Industrial stakeholders in Vietnam are increasingly influenced by converging factors that are driving decarbonization action.
Declining Clean Energy Costs
Global cost reductions of >90% since 2010 in generating clean electricity (i.e., solar and wind) and now storing clean electricity (i.e., battery energy storage systems) have made clean energy cost-competitive around the world.
Evolving Policy Frameworks
The global Paris Agreement, country-level Nationally Determined Contributions, and emerging regional Article 6 carbon trades have spurred supportive domestic clean energy policy regimes and international low-carbon transaction opportunities.
Growing Corporate Demand
Hundreds of multinational corporations and their supply chain partners have committed to reaching 100% clean energy and net zero emissions. Global corporate clean energy procurement has grown to
~1,000 TWh per year.
Harnessing the Industrial Sector’s Potential to Power Vietnam’s Net Zero Future
As a fast-growing, export-oriented economy, Vietnam and its critical industrial sector are central to the country’s decarbonization journey.
Massive Scale
Vietnam has 400+ industrial parks with 100+ more under development, positioning the country as a growing regional manufacturing hub and driving unprecedented economic growth.
70% of Vietnam’s export value originates from goods produced in industrial parks, making these areas essential for the country’s economic growth and investment.
Critical Economic Engines
Growing Energy Demand
The industrial sector represents ~54% of Vietnam’s total electricity consumption, with a growing set of energy-intensive manufacturing companies seeking reliable, affordable, resilient power to guide their sourcing decisions.
Manufacturing Hubs
Vietnam’s industrial parks house tenant companies across key sectors that drive the country’s growth including: electronics, technology, textiles, footwear, food and beverage, chemicals, and pharmaceuticals.
Strategic Benefits for Industrial Parks to Pursue Decarbonization
Targeted Technologies and Solutions
Allotrope brings critical strategic relationships and technical expertise, leveraging our team’s experience advancing first-in-kind clean energy, carbon, and green finance solutions in collaboration with major industrial companies and investors.