VEEP Reinforces Its Pioneering Role in Advancing Energy Efficiency as a Service (EEaaS) in Vietnam

Partnering with the Ministry of Industry and Trade and UNDP to Enable a Just Energy Transition under JETP

As part of the implementation of the Political Declaration (PD) between Viet Nam and the International Partners Group (IPG) on the Just Energy Transition Partnership (JETP), on January 19, 2026, the Ministry of Industry and Trade (MOIT), in collaboration with the United Nations Development Programme (UNDP), organized the training program “ESCO Models and Integrated Energy Solutions for Industrial Zones” in Ho Chi Minh City.

The program is a key initiative aimed at strengthening national capacity for deploying energy efficiency solutions and ESCO-based financing models, while sharing international best practices and practical implementation experience in Viet Nam. It directly supports the country’s efforts to accelerate energy transition, enhance energy efficiency, and deliver on its Net Zero commitments.

Participating in the program, VEEP reaffirmed its position as a pioneering Energy Efficiency as a Service (EEaaS) provider, translating ESCO concepts from policy frameworks into bankable, scalable solutions for enterprises.

With hands-on experience across commercial buildings, retail chains, industrial facilities, and multi-site operations, VEEP brings a strong implementation perspective, demonstrating how technology, finance, and operational management can be effectively integrated to overcome key barriers to energy efficiency investment—particularly upfront capital constraints and performance risks.

During the training program, VEEP highlighted EEaaS as a strategic enabler for energy transition in industrial zones and commercial facilities, offering a results-driven approach characterized by:

• Zero upfront capital expenditure (CAPEX), with VEEP financing and deploying the solutions.

• Pay-for-performance mechanisms, where clients pay only from verified energy savings.

• Integrated advanced technologies, including high-efficiency equipment, smart controls, AIoT platforms, EMS/BMS, renewable energy, and energy storage.

• Transparent Measurement & Verification (M&V) to continuously track energy performance and CO₂e emissions.

• Alignment with ESG and Net Zero strategies, providing reliable data for sustainability reporting and decarbonization roadmaps.

Through its EEaaS projects, VEEP typically enables 15–30% energy cost reductions, while improving operational efficiency and strengthening clients’ competitiveness within global supply chains.

VEEP’s participation in the MOIT–UNDP training program underscores its role as a bridge between public policy, climate finance, and market implementation in Viet Nam’s JETP journey.

By deploying EEaaS at scale, VEEP contributes to:

• Commercializing ESCO models through real-world, performance-based projects

• Expanding access to energy efficiency solutions without increasing financial burdens on enterprises

• Delivering measurable greenhouse gas emission reductions in line with Viet Nam’s Net Zero 2050 target

As Viet Nam enters a critical phase of deep and wide-ranging energy transition, VEEP remains committed to working alongside government authorities, international partners, and the private sector to build a transparent, scalable, and impact-driven EEaaS ecosystem, supporting a just, inclusive, and sustainable energy future.