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As green transformation and digital transformation continue to become strategic priorities worldwide, technology startups with strong innovation capabilities and scalable commercialization potential are playing an increasingly important role in driving sustainable economic growth. As a pioneering company developing an AIoT Energy Management Platform and Energy Efficiency as a Service (EEaaS) model, was honored to participate in Demo Day 2026 under the program “Enhancing Innovation Support Capacity for the National Innovation Center (NIC),” funded by the Government of Japan and implemented in collaboration with NIC, UNDP, and BK Holdings. The event brought together some of Vietnam’s most promising technology startups following an intensive acceleration journey designed to help ventures become both “Investable & Marketable” capable of attracting investment while successfully commercializing and scaling their solutions. For VEEP, the program represented more than a startup acceleration initiative. It was an opportunity to further demonstrate the company’s technological capabilities, sustainable development vision, and commitment to solving real-world challenges in energy optimization and smart urban operations. 🌱 From an energy technology startup, VEEP is progressively building a comprehensive ecosystem of smart energy solutions that help businesses: • Optimize energy performance through AIoT and real-time data • Reduce electricity costs and CO₂ emissions • Deploy zero upfront investment energy-saving models • Support ESG and Net Zero transition strategies • Integrate HVAC, lighting, solar, BMS, and AI analytics into a unified intelligent platform Đại diện Veep đón tiếp ông Taro Makino (Bí thư thứ nhất): Đại diện Đại sứ quán Nhật Bản tại Việt Nam tại gian hàng của Veep. Through the program, VEEP had the opportunity to engage with international mentors, experts, and ecosystem partners to further strengthen its product strategy, business model, and regional market expansion roadmap. Đại diện Veep đón tiếp ông Taro Makino (Bí thư thứ nhất): Đại diện Đại sứ quán Nhật Bản tại Việt Nam tại gian hàng của Veep. Participation in Demo Day 2026 also marked an important milestone in VEEP’s journey toward becoming a globally scalable green technology startup — where innovation is not only about technology advancement, but also about creating measurable impact for businesses, communities, and the environment. As Vietnam accelerates its green growth and energy transition agenda, VEEP believes that AIoT technologies and Energy Efficiency as a Service models will play a critical role in helping enterprises optimize operations, improve competitiveness, and achieve long-term sustainable development. VEEP sincerely appreciates NIC, UNDP, the Government of Japan, and BK Holdings for fostering an open innovation ecosystem that empowers Vietnamese technology startups to connect internationally, enhance commercialization capabilities, and bring “Make in Vietnam” solutions to the global market. #VEEP #NIC #UNDP #Japan #AIoT #EnergyEfficiency #EEaaS #NetZero #GreenTechnology #StartupVietnam #Innovation #SmartBuilding #SustainableGrowth

As part of the Qualcomm Vietnam Innovation Challenge 2026 (QVIC 2026), VEEP was honored to be selected among the Top 28 startups and technology projects nationwide participating in the “Field Trip & Networking Event” organized by Qualcomm in collaboration with InnoEx. The program provided a valuable platform for technology startups, investors, corporations, and industry experts to connect within Vietnam’s innovation ecosystem, while also delivering practical insights for DeepTech startups and technology-driven ventures on their journey from commercialization to market expansion. 📍 During the company visit at VNG, VEEP joined an in-depth discussion session on:“Scalable Business Models & Go-to-Market Strategy”. The session featured: 🔹 Mr. Le Hong Minh – Founder & Chairman of VNG 🔹 Ms. Truong Ly Hoang Phi – Chairwoman of IBP & InnoEx Through the program, VEEP gained strategic insights into: • Building scalable business models • Go-to-market strategies for technology and AIoT startups • Commercialization challenges for DeepTech solutions • Balancing rapid growth with long-term sustainability • Core capabilities required to build enduring technology enterprises In addition, the networking session, which gathered nearly 70 representatives from investment funds, technology enterprises, innovation ecosystem partners, Qualcomm, and InnoEx, created valuable opportunities for strategic collaboration and future partnerships. With its AIoT Energy Management Platform and Energy Efficiency as a Service (EEaaS) model, VEEP is committed to accelerating smart energy transformation for buildings, retail chains, and smart cities through real-time data, AIoT technologies, and sustainable operational optimization solutions. Participating in QVIC 2026 was not only an opportunity to learn from leading technology ecosystems, but also an important milestone for VEEP to strengthen partnerships, enhance commercialization capabilities, and advance scalable green technology solutions toward Net Zero goals in Vietnam and beyond. We would like to sincerely thank Qualcomm, InnoEx, and the QVIC 2026 organizing committee for creating such a meaningful and impactful program for Vietnam’s startup and innovation community. #VEEP #QVIC2026 #Qualcomm #InnoEx #AIoT #DeepTech #EnergyEfficiency #EEaaS #NetZero #GreenTechnology #Innovation #SmartBuilding #SustainableGrowth

As innovation collaboration between Vietnam and Japan continues to accelerate, VEEP proudly invites startups, enterprises, investors, and organizations within the innovation ecosystem to participate in Demo Day 2026 – the strategic showcase and networking event of the Vietnam - Japan Incubation Program. The event marks the final milestone of a six-month acceleration journey involving 12 promising startups. Through more than 50 intensive training and mentoring sessions led by over 30 experts, advisors, and investors from Vietnam and abroad, participating startups are now ready to present their innovative solutions, business models, and growth strategies to the investment and strategic partner community. Through this program, VEEP aims to further strengthen connections between technology enterprises, innovative startups, and the Vietnam – Japan innovation ecosystem, contributing to sustainable development and international collaboration opportunities. Event Highlights Connect directly with promising startups and the Vietnam – Japan innovation ecosystem Discover high-potential technology solutions with strong commercialization opportunities Explore investment, partnership, and market expansion opportunities Network with experts, mentors, investors, and international organizations Gain insights from real incubation journeys and startup growth stories Event Information 📍 Time: 2:00 PM – 7:00 PM | Thursday, May 14, 2026📍 Venue: NIC Building, Alley 7 Ton That Thuyet Street, Cau Giay District, Hanoi, Vietnam The event is part of the project “Enhancing Innovation Support Capacity for the National Innovation Center (NIC),” funded by the Government of Japan, co-managed by UNDP and NIC, and implemented by BK Holdings. VEEP believes that Demo Day 2026 will not only serve as a platform to showcase innovative ideas and technologies, but also create new opportunities for strategic collaboration among startups, enterprises, investors, and innovation support organizations from Vietnam and Japan.

After several vibrant and inspiring days, Smart City Asia 2026 has officially come to a close, marking an important milestone in fostering innovation, collaboration, and sustainable urban transformation across Vietnam and the region. At this year’s exhibition, VIoT Holding and VEEP, in collaboration with Milesight and DDPro, showcased a comprehensive ecosystem of integrated smart technology solutions focused on: AIoT & Smart Connectivity Infrastructure Smart Building & Smart City Solutions Energy Efficiency as a Service (EEaaS) AI Camera & Smart Monitoring Systems Smart Lighting & HVAC Optimization LoRaWAN Gateway & IoT Infrastructure Rooftop Solar & Energy Storage Systems Smart Energy Management & Carbon Reduction Solutions toward Net Zero The collaboration between VIOT, VEEP, Milesight, and DDPro demonstrated a powerful integrated ecosystem where IoT infrastructure, intelligent data platforms, AI-powered surveillance, and smart energy solutions are seamlessly connected to support: Smart Buildings Smart Retail Chains Factories & Industrial Parks Digital Urban Infrastructure Intelligent Energy & Facility Management Throughout the event, the joint booth attracted significant attention from partners, enterprises, investors, and visitors from both Vietnam and international markets. Live demonstrations of AIoT platforms, smart energy management systems, AI camera solutions, and intelligent control technologies received highly positive feedback from the business and technology community. More importantly, Smart City Asia 2026 opened up new strategic partnership opportunities among technology providers, distributors, and implementation partners across sectors including: Smart Infrastructure Renewable Energy Telecommunications & IoT ESG & Green Transformation Digital Transformation for Buildings & Cities Beyond showcasing technologies, VIOT, VEEP, and their partners aim to deliver a more practical and sustainable development model for businesses — integrating technology, data, finance, and energy into one comprehensive solution that helps organizations: Reduce operational costs Optimize energy efficiency Lower CO₂ emissions Enhance data-driven management capabilities Improve operational performance and asset management Accelerate ESG and Net Zero goals Participation in Smart City Asia 2026 further reinforces the pioneering vision of VIOT & VEEP in developing sustainable AIoT and smart energy service models, while expanding international collaboration with Milesight and DDPro to accelerate the growth of smart city ecosystems across Vietnam and Southeast Asia. VIOT & VEEP would like to sincerely thank all partners, customers, and visitors who visited our booth, connected with our team, and shared valuable collaboration opportunities throughout the exhibition. We look forward to seeing you again in upcoming projects and events as we continue building a smarter, greener, and more sustainable future together.

On April, 2026, VEEP Technology Joint Stock Company officially partnered with EUCNC (Korea) and the University of Foreign Languages, Hue University (HUFLIS) to implement the “K-INNO Global Program for Greener Campus”, a global environmental technology initiative funded by the Korean Government. The signing ceremony marked an important milestone in international collaboration between Vietnamese enterprises, Korean technology partners, and higher education institutions, aiming to promote sustainable development, energy efficiency, and smart green campus transformation in Vietnam. As part of the program, EUCNC — a Korean company specializing in energy-saving and environmentally friendly coating technologies — will provide complimentary i-cellent coating paint for the university’s administration building through the K-INNO Global Program. The i-cellent coating solution is an advanced energy-efficient material featuring: Heat reflection and thermal insulation Waterproof protection Surface temperature reduction Electricity savings of up to 30% This technology has been widely adopted and prioritized by the Korean Government for use in public facilities and educational institutions across Korea due to its effectiveness in reducing cooling loads and improving building energy performance. For HUFLIS, the project is expected to enhance facility conditions, improve operational efficiency, and create a more comfortable and sustainable learning and working environment for students, lecturers, and staff. Alongside the coating implementation, VEEP will serve as the technology and energy management partner for the project in Vietnam. During Phase 2, VEEP and EUCNC will jointly sponsor and deploy a complete intelligent energy monitoring system for the building, including: Smart energy meters IoT sensors The AMIGO Energy Management Platform The system will enable real-time energy monitoring, analytics, and optimization, helping the university move toward a smarter, greener, and more sustainable campus management model. During the working session, the parties also discussed future cooperation opportunities related to: Green infrastructure development Digital transformation Smart energy management Sustainable campus solutions Representatives from HUFLIS expressed sincere appreciation for the support and collaboration from both the Korean partners and Vietnamese enterprises, while also emphasizing the importance of expanding practical cooperation programs between governments, businesses, and educational institutions. This collaboration further reinforces VEEP’s commitment to delivering Energy Efficiency as a Service (EEaaS), AIoT-enabled infrastructure, and sustainable technology solutions that contribute to Vietnam’s Net Zero goals and long-term environmental sustainability. Through initiatives like the K-INNO Global Program for Greener Campus, VEEP continues to support the transformation of educational institutions into smarter, greener, and more energy-efficient environments for future generations.

As Vietnam’s startup ecosystem continues to evolve toward deep technology and digital transformation, being selected for the Qualcomm Vietnam Innovation Challenge 2026 (QVIC 2026) marks not only a significant milestone but also a strong validation of local technological capabilities. According to Qualcomm, 28 outstanding startups have been selected this year to enter a 6-month incubation program, spanning key sectors such as AI, IoT, smart cities, robotics, data, and energy, with a total prize pool of up to USD 255,000. This year also reflects a major scale-up of the program—from 10 to 28 startups—demonstrating growing confidence in Vietnam’s innovation landscape. Among the selected startups, VEEP stands out as a pioneer in smart energy solutions, offering a differentiated approach through its Energy Efficiency as a Service (EaaS) model powered by an advanced AIoT platform. VEEP’s solution goes beyond traditional energy monitoring by: Optimizing operations in real time Reducing energy waste by up to 30% Supporting ESG compliance and Net Zero goals Integrating finance and technology to eliminate upfront investment for clients Aligned with QVIC’s focus on practical, scalable innovations with real-world impact, VEEP’s model demonstrates strong applicability in accelerating Industry 4.0 and sustainable energy transition in Vietnam. A key highlight of QVIC 2026 is the shift from standalone technologies to integrated ecosystems, where AI, data, and IoT converge to solve real-world challenges. Within this context, VEEP plays a strategic role in building intelligent energy infrastructure, connecting: Buildings and smart cities Power systems and renewable energy Operational data and automated decision-making More than just a technology provider, VEEP is helping shape the future of data-driven energy management, a critical pillar for sustainable urban development. Being selected for QVIC 2026 is not only a recognition of VEEP’s technological capabilities but also a gateway to: Align products with international standards Expand regional and global partnerships Accelerate commercialization of smart energy solutions As the world moves toward Net Zero and energy transition, VEEP is steadily positioning itself as a leading energy technology startup from Vietnam, empowering businesses to optimize costs, reduce emissions, and enhance operational efficiency. Source: QVIC2026

Vietnam enters 2026 with strong growth momentum, driven by domestic consumption, industrial expansion, and its increasingly solid position as a manufacturing and logistics hub in Asia. However, the defining shift is no longer about the pace of growth, but the quality of growth. Foreign direct investment (FDI) is expected to remain resilient, yet more selective and demanding. International investors are no longer focused solely on competitive labor costs. They are conducting deeper assessments of: The stability and reliability of the energy system Regulatory clarity and consistency Workforce quality The ability to operate efficiently across long investment cycles In this context, Vietnam’s competitive advantage in 2026 will depend on its ability to meet new standards of performance, transparency, and sustainability. Market realities show that energy efficiency is no longer a standalone technical initiative. It has become a strategic lever for protecting margins and enhancing investment attractiveness. Through VEEP, businesses are supported in identifying precise points of energy and resource inefficiency that directly erode profitability. More importantly, VEEP goes beyond technical recommendations by: Structuring solutions under financial models aligned with corporate cash flow Linking technical performance to financial KPIs and risk management frameworks Reducing upfront capital burden through the Energy-as-a-Service model As a result, companies not only reduce operating costs but also enhance long-term stability — a critical factor in international investment decisions. Practical implementation experience in Vietnam demonstrates that companies capable of sustaining growth are those that: Integrate design optimization and material efficiency from the earliest project development stages Embed energy and emissions considerations into operational strategy View efficiency not as an “additional cost” but as a core component of competitive capability VEEP serves as a transformation platform, helping enterprises shift from a compliance-driven mindset to a value-optimization strategy. The European business community remains committed to Vietnam for the long term, yet is becoming increasingly cautious. They require: Clear and consistent policy implementation guidelines across provinces Faster and more transparent approval processes Practical guidance on sustainability and compliance requirements From a market perspective, several targeted policy adjustments could generate immediate impact: Greater regulatory stability and clearer implementation frameworks Expanded access to green and transition finance, particularly for energy efficiency projects Continued investment in grid reliability, workforce development, and digital public services These factors not only reduce execution risk for investors but also unlock numerous economically viable energy efficiency projects that remain capital constrained. In 2026, the conversation is no longer about fast growth — it is about smart and sustainable growth. Within this landscape, VEEP is not merely an energy efficiency solution provider. It acts as a bridge between corporate profitability objectives and international investors’ sustainability expectations, contributing to the enhancement of Vietnam’s growth quality in the new FDI cycle. Source: Vietnam Investment Review

“The success of a project lies not only in an outstanding idea but also in how you convey it to investors.” This guiding principle shaped VEEP’s approach during the two-day Mentorship Session & Interview Session organized by AIS4EE in Ho Chi Minh City (January 15-16, 2025). Within the professional networking space of 152 Vo Van Kiet, VEEP’s leadership team not only honed their pitching skills but also refined their fundraising strategy, focusing on smart energy projects for the 2025-2027 period. In an increasingly competitive market, VEEP and AIS4EE experts delved into three key factors for winning over investors: transparency in data and implementation roadmap, storytelling to highlight the human-centric value of the project, and flexible critical thinking in responding to complex questions. “We learned how to turn numbers into a rhythmic story and transform risks into opportunities so investors can see the true potential” shared Mr. Nguyen Bach Viet, CEO of VEEP. Leading the delegation, Mr. Miguel A. Ferrer (CEO Investment), a fundraising expert with 15 years of experience, provided a multi-dimensional perspective on sustainable investment trends. Together with Mr. Nguyen Bach Viet (CEO) and Ms. Jodin Trieu (CMO), the leadership trio actively participated in a simulated negotiation session, receiving sharp feedback from the expert panel. “Every challenge posed was like a mirror reflecting the blind spots in our strategy. This was an opportunity for VEEP to balance long-term vision with immediate feasibility,” emphasized CEO Nguyen Bach Viet. After 48 hours of intensive engagement, VEEP’s most valuable takeaway was mastering the art of crafting a Pitch Deck based on three pillars: a unique solution, a promising market, and a clear return-on-investment roadmap. Additionally, leveraging AI to analyze risks and market data significantly strengthened the project’s appeal. More importantly, instead of delivering one-way presentations, the leadership team learned how to turn interviews into dynamic two-way conversations through strategic counter-questioning techniques. By the end of the event, VEEP had not only deepened its knowledge but also expanded its network of investors and global experts. This will be a crucial foundation for the company’s fundraising campaign for 2025-2027, focusing on energy efficiency and AIoT (Artificial Intelligence & Internet of Things). “AIS4EE has helped us see ourselves more clearly. VEEP is ready to turn challenges into momentum for greater progress,” affirmed CEO Nguyen Bach Viet. Amidst a constantly evolving market, the two-day journey at AIS4EE marked a significant milestone, reaffirming VEEP’s commitment to leading the smart energy sector—where pioneering technology and refined persuasion skills go hand in hand. #ESG;#LOW_CARBON;#JODIN; #VIoT;#VEEP;#GIAI_PHAP_NANG_LUONG_SACH;#NETZERO; #NANG_LUONG_XANH;#TOA_NHA_XANH;#NHÀ_MAY_XANH; #SMART_INDUSTRIAL_4; #SMART_BUILDING; #FOOT_CARBON; #CARBON_FOOT; #GREENHOUSE_GAS_EXPERT; #CARBON_ROADMAP; #GRI; #SASB; #DJSI; #SAVING; #LIGHTING; #CHILLER; #ENERGY_EFFICIENCY; #ENSPARA; #SOLAR; #BEES; #STORAGE; #REAL_TIME; #EeaaS; #LaaS; #EaaS; #SUSTANABILITY; #RENEWABLE; #SMART_LIGHTING; #MANAGEMENT; #OPTIMIZATION; #ENERGY; #EFFICIENCY; #ESG; #LaaS; #EEaaS; #EaaS;  #ESaaS

As Vietnam accelerates the implementation of its commitment to achieve Net Zero emissions by 2050, industrial parks (IPs) have been identified as one of the country’s largest energy consumers, as well as key focal points for emissions reduction and energy transition investment flows. However, for operating industrial parks, the twin transformation—digitalization and green transition—poses significant challenges, including fragmented infrastructure, lack of centralized data, limited investment capital, and the critical requirement to avoid disruption to ongoing production activities. Within the framework of the training program “Promoting Energy Transition in Vietnam: ESCO Models and Integrated Energy Solutions for Industrial Parks,”  VEEP delivered a featured presentation titled: “An AIoT-Integrated Industrial Park Infrastructure Management Platform – Driving Green and Digital Transformation for Operating Industrial Parks.” The presentation focused on a core challenge faced by existing industrial parks: how to achieve green transformation and digitalization of energy infrastructure without disrupting operations or creating substantial upfront investment burdens for secondary enterprises. VEEP introduced its AIoT-integrated industrial park infrastructure management platform , designed to provide a holistic, flexible, and practical approach for operating industrial parks in their digital and energy transition journey. VEEP’s solution is built on a platform-based architecture , with AIoT technology at its core to: Connect, collect, and standardize data from energy systems and technical infrastructure across industrial parks (electricity, water, HVAC, lighting, renewable energy, etc.) Monitor and analyze operational performance in real time Detect anomalies, losses, and optimization opportunities at an early stage Support Measurement, Reporting, and Verification (MRV) of energy consumption and CO₂e emissions Through this platform, industrial park management boards can transition from fragmented, manual management models to data-driven intelligent governance , laying a strong foundation for large-scale energy efficiency and emissions reduction programs. A key differentiator of VEEP’s solution lies in the integration of technology with ESCO / Energy Efficiency as a Service (EEaaS) financial models . Instead of requiring large upfront investments, this approach enables: Step-by-step implementation of energy retrofit and optimization projects Zero Capex  requirements for industrial parks and secondary enterprises Benefit-sharing based on achieved energy savings Reduced operating costs (OPEX) and financial risks This model is particularly well suited for operating industrial parks, where flexibility, scalability, and measurable performance are critical. VEEP’s AIoT-integrated industrial park infrastructure management platform is designed to align with key priority areas under the Just Energy Transition Partnership (JETP)  framework, including: Energy efficiency Distributed renewable energy Energy storage Integrated and intelligent energy solutions Beyond technical deployment, the platform helps standardize data, enhance transparency, and verify emissions reduction performance—thereby enabling industrial parks to better access JETP funding, green finance, and development finance institutions (DFIs, MDBs). Through its presentation, VEEP emphasized that industrial parks are not merely beneficiaries, but central actors in Vietnam’s national energy transition . When equipped with intelligent management platforms and appropriate financial models, industrial parks can: Enhance competitiveness and investment attractiveness Support secondary enterprises in their decarbonization journey Make tangible contributions to Vietnam’s Net Zero 2050  target With an integrated technology–finance–policy  approach, VEEP is committed to working alongside industrial park management boards, enterprises, and domestic and international partners to help build a digitalized, efficient, and low-carbon industrial ecosystem for Vietnam .

Hanoi, Vietnam – Mr. Nguyen Bach Viet , Chief Executive Officer of VEEP , a pioneer in Energy Efficiency as a Service (EEaaS)  solutions, paid a courtesy visit and held a working session at the Vietnam Office of the Global Green Growth Institute (GGGI) . The visit reflects the growing role of the private sector in accelerating energy transition, carbon reduction, and the realization of Vietnam’s Net Zero commitments. During the meeting, Mr. Juhern Kim , Country Representative of GGGI Vietnam , shared key insights into GGGI’s strategic priorities and action plans for 2026. These priorities include continued support for Vietnam in the areas of energy efficiency, green finance, just energy transition, and the promotion of scalable Climate Tech solutions with tangible environmental and economic impacts. Mr. Juhern Kim highlighted that 2026 will be a pivotal year for GGGI, with a stronger focus on practical project implementation and public–private partnerships. Solutions such as Energy Efficiency as a Service, digital energy management, and low-carbon building and urban solutions are identified as critical enablers to help businesses reduce operational costs while achieving measurable CO₂e emission reductions. Speaking at the meeting, Mr. Nguyen Bach Viet, CEO of VEEP , emphasized the practical value of EEaaS in driving immediate climate action: “ Energy Efficiency as a Service enables companies to reduce carbon emissions today without upfront capital investment , while generating long-term energy cost savings. It is one of the most practical and scalable Climate Tech solutions to support Net Zero targets at the building and retail-chain levels.” Mr. Viet also expressed his appreciation for GGGI’s role in bridging policy frameworks, climate finance, and technology deployment, particularly as Vietnam accelerates the implementation of its international climate commitments. Both parties acknowledged strong potential for collaboration in piloting and scaling EEaaS models, improving carbon measurement and reporting, and deploying energy efficiency solutions for businesses and urban infrastructure. The visit and dialogue between VEEP and GGGI Vietnam underscore a shared commitment to fostering innovative, market-driven Climate Tech solutions. The exchange also opens up opportunities for concrete collaboration in the 2026–2030 period, contributing to carbon reduction, improved energy efficiency, and the development of a robust Climate Tech ecosystem in Vietnam. #ESG; #LOW_CARBON; #JODIN; #VIoT; #VEEP; #GIAI_PHAP_NANG_LUONG_SACH; #NETZERO; #NANG_LUONG_XANH; #TOA_NHA_XANH; #NHÀ_MAY_XANH; #SMART_INDUSTRIAL_4; #SMART_BUILDING; #FOOT_CARBON; #CARBON_FOOT; #GREENHOUSE_GAS_EXPERT; #CARBON_ROADMAP; #GRI; #SASB; #DJSI; #SAVING; #LIGHTING; #CHILLER; #ENERGY_EFFICIENCY; #AMIGO; #SOLAR; #BEES; #STORAGE; #REAL_TIME; #EeaaS; #LaaS; #EaaS; #SUSTANABILITY; #RENEWABLE; #SMART_LIGHTING; #MANAGEMENT; #OPTIMIZATION; #ENERGY; #EFFICIENCY; #ESG; #LaaS; #EEaaS; #EaaS;  #ESaaS

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.

Although renewable energy is widely recognized as a core solution for the global energy transition and sustainable development, large-scale deployment and effective operation of these technologies continue to face significant challenges worldwide. These barriers are not limited to technical issues, but also extend to economic and financial constraints, policy and regulatory frameworks, social acceptance, and human capital. A comprehensive understanding of these challenges is essential for designing feasible and sustainable implementation models. Infrastructure and Technical Challenges Variability of renewable energy sources Renewable energy sources such as solar and wind power are highly dependent on natural conditions, resulting in fluctuating and intermittent power generation. During periods of low solar irradiation or weak wind, electricity output may fall short of demand, placing pressure on grid stability. Addressing this issue requires complementary solutions such as energy storage systems, demand-side management, and advanced grid control technologies. Transmission and distribution infrastructure In many countries, existing power grids were designed for centralized power generation and lack the flexibility needed to integrate distributed renewable energy sources. Upgrading grid infrastructure and constructing new transmission lines from renewable generation sites to major consumption centers require substantial capital investment and long implementation timelines. Energy storage technologies Energy storage is widely regarded as a key enabler for mitigating the intermittency of renewable energy. However, current battery technologies still face limitations related to high costs, limited lifespan, and scalability, which constrain their large-scale and economically viable deployment. Economic and Financial Challenges High upfront investment costs Although the cost of renewable power generation has declined significantly, the initial capital expenditure required for renewable energy systems remains a major barrier, particularly for businesses and project developers during the early stages when stable cash flows have not yet been established. Access to finance Many renewable energy projects are perceived as higher risk compared to conventional energy projects due to their dependence on weather conditions and policy frameworks. As a result, financial institutions often impose higher interest rates or stricter collateral requirements, increasing overall project costs. Policy frameworks and financial incentives A lack of stable and consistent policies related to tax incentives, subsidies, and renewable energy regulations creates uncertainty for long-term planning. Without clear and sustained government commitment, renewable energy projects face elevated financial risks and reduced investment attractiveness. Policy and Regulatory Challenges Policy inconsistency Energy policies may change with political cycles or shifts in development priorities, creating uncertainty for investors and developers. The absence of transparent, long-term roadmaps undermines market confidence and hampers sustained investment in renewable energy. Complex regulatory and permitting procedures Lengthy and complex permitting processes—covering environmental approvals, land use, and grid connection—can significantly delay project implementation and increase non-technical costs, adversely affecting project viability. Social and Environmental Challenges Community awareness and acceptance Renewable energy projects, particularly wind and hydropower developments, may encounter opposition from local communities due to concerns about environmental impacts, noise, or changes to landscapes. This reflects a persistent gap between sustainability objectives and public understanding. Social and ecological impacts While renewable energy is generally considered cleaner than fossil fuels, projects can still generate unintended social and environmental impacts if not properly assessed and managed. These may include ecosystem disruption, altered water flows, or effects on local livelihoods. Human Resources and Knowledge Challenges Shortage of skilled workforce The renewable energy sector requires a multidisciplinary workforce with expertise spanning engineering, operations, and management. In many countries, the lack of adequately trained professionals remains a major constraint on sectoral growth. Technology and knowledge transfer Developing countries often face difficulties in accessing advanced technologies and building internal technical capacity. Limited research infrastructure, training systems, and international collaboration networks can slow the effective adoption and localization of renewable energy solutions. In response to the challenges outlined above, VEEP approaches the energy transition not merely as the deployment of new renewable generation capacity, but as the optimization of the entire energy system , with a strong emphasis on efficiency, financial feasibility, and long-term operational sustainability. VEEP focuses on the following solution pillars: Energy Efficiency as a Service (EEaaS) , enabling businesses to implement energy solutions with little or no upfront capital expenditure. Performance-based contracting models , designed to share risks and ensure financial returns for both clients and investors. Smart energy management platforms (AIoT and real-time data analytics)  to optimize energy consumption, reduce grid pressure, and support flexible integration of renewable energy sources. Behind-the-meter and distributed energy solutions , which reduce reliance on transmission infrastructure and help minimize social and environmental impacts. From VEEP’s perspective, a sustainable energy transition cannot rely solely on technology or policy in isolation. Instead, it requires practical, data-driven, and flexible implementation models , in which energy efficiency serves as a foundational step before scaling renewable energy deployment at a broader level.