This partnership marks a significant milestone in Vietnam’s green energy transition, aligning with the National Green Growth Strategy and the country’s commitment to achieving net-zero emissions by 2050, according to Stavian ED.
These solutions include rooftop solar power systems, the “Bess Farm” energy storage systems manufactured by Stavian Energy Solutions JSC, solar-powered public lighting, renewable electricity supply through the Direct Power Purchase Agreement (DPPA) mechanism, and energy transition solutions via a liquefied natural gas (LNG) supply system invested in by Stavian Gas JSC.
This initiative not only pioneers the use of clean energy in industrial parks but also provides a solid foundation for investors and manufacturers to align with global sustainability standards and achieve “LEED GOLD” certification in manufacturing.
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The signing ceremony of the strategic partnership agreement on carbon emission reduction solutions for industrial parks between Stavian Electric Distribution and Shinec. Photo courtesy of Stavian ED |
To execute the agreement, the two parties will establish Stavian Industrial Power Distribution JSC (Stavian IPD). This joint venture will focus on energy and industrial infrastructure projects, guided by a comprehensive approach to Net Zero Emissions reduction. It aims to bring green energy solutions and eco-industrial park models to life, thereby enhancing cooperation efficiency and creating sustainable value for the business community.
At the signing event, Tony Dinh Duc Thang, Chairman and CEO of Stavian Group, emphasized that Stavian ED and Stavian IPD, in particular, along with Stavian Group, are committed to delivering comprehensive energy solutions that contribute to Vietnam’s Net Zero goal while adding value to businesses and communities.
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Tony Dinh Duc Thang, Chairman cum CEO of Stavian Group shared at the event. Photo courtesy of Stavian ED |
On behalf of Shinec, Pham Hong Diep, Chairman and CEO, shared that the company is developing 10 new industrial parks and clusters across the country, all designed with an eco-circular model. The collaboration with Stavian ED will help these parks and clusters rapidly achieve green standards through renewable energy, offering the dual benefits of reducing carbon emissions and opening up opportunities in the carbon credit market.
“With this partnership, Shinec aims to solidify its role as a leader in building eco-industrial park models in Vietnam, while together with Stavian ED, creating a foundation for Vietnam to become a prime destination for green investment in the region,” Diep said.
Stavian ED is a subsidiary of Stavian Group, a large multinational industrial technology and trading corporation with over 30 international branches and exports to more than 100 countries. Stavian Group operates across five core sectors: industrial production, high technology, industrial infrastructure development, energy transition, and trading and investment. Within this ecosystem, Stavian ED specializes in investing in power infrastructure for industrial clusters/zones and providing net-zero emission reduction solutions.
This strategic partnership between Stavian ED and Shinec reinforces the long-term vision and commitment of both companies to sustainable development. It also lays the foundation for deeper collaboration, attracting green investment, and boosting Vietnam’s competitiveness in the global value chain. The Dam Ha Industrial Cluster is poised to become a pioneering Net Zero industrial park model, making a significant contribution to the development of a low-carbon, prosperous economy.
