On March 5th, Saigontel Investment Promotion Department representatives had a working session with the Korean business delegation, including four companies: Daehan E&C, LG Chem, Kpower Ennergy, and GreenBridge Consulting. The delegation was led by Mr. Lee Seok Kyu, Chairman of the Board and CEO of Daehan E&C. The working session focused primarily on exchanging solutions and directions for reducing greenhouse gas emissions in the Korean market and their application in the Vietnamese market.

Recognizing Saigontel's environmental initiatives through events such as Open Innovation Day (OID), Vietnam International Innovation Expo 2023 (VIIE 2023), and the establishment of the Green Alliance to develop the Green Growth project in provinces and cities in Vietnam, including Thái Nguyên, Hải Phòng, Hưng Yên, Đồng Nai, Long An, and Ho Chi Minh City. The Korean business delegation seeks connection and collaboration with a "Green" Enterprise as Saigontel in greenhouse gas emission reduction projects which supported by the Korean government.

Representatives from Korean enterprises shared information about their greenhouse gas emission reduction projects.

At the working session, representatives of Korean enterprises introduced the direction of greenhouse gas emission reduction through changing traditional fuel sources and the "International Project for Heat Supply and Greenhouse Gas Emission Reduction Using Biomass Fuel in Vietnam." Enterprises participating in the project will receive free support when transitioning from boilers using traditional fuels to boilers using biomass fuels. The funds obtained from carbon credits from biomass boilers will be used to create a cash flow for the project. Currently, Vietnam has 64 thousand enterprises using traditional boilers, and the immediate goal of the project is to research and implement the use of biomass fuels targeting 10 thousand enterprises.

The project contributes to Vietnam's sustainable development goals by using environmentally friendly renewable energy to improve the environment in the manufacturing industry, improve air quality, and create employment for the workforce in Vietnam. The project helps enhance technical capacity through technology transfer of biomass boilers via on-site operation training where needed. It increases revenue for biomass fuel supplying enterprises and promotes exports by establishing low-carbon supply chains. Importantly, it aligns with the country's commitment to climate action, including adaptation and mitigation of greenhouse gas emissions, and supports the goals of the Paris Agreement.

After the meeting, the Korean Business Delegation looks forward to Saigontel's collaboration in implementing the government's zero-emission roadmap, participating in the development of Saigontel's net-zero industrial parks, and hopes that the project will contribute to reducing greenhouse gas emissions and protecting the environment, moving Vietnam towards becoming an exemplary green industrial nation.

The parties took the photos

Investment Promotion Department.