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.

The year 2025 marked a significant milestone in the growth journey of VIoT Energy Efficiency Platform (VEEP) , a pioneering Climate Tech startup in Viet Nam. Guided by its strategic vision— “Transforming energy from a cost center into a profit center for businesses” —VEEP continued to scale its Energy Efficiency as a Service (EEaaS)  model, strengthening its position as a leading enabler of energy transition and sustainable development. In 2025, VEEP accelerated the expansion of its strategic partner ecosystem to support long-term growth and scalable impact. In July 2025, VEEP signed a cooperation agreement with FPT Corporation , focusing on the development of a sustainable IoT ecosystem for energy management. This partnership reinforced VEEP’s domestic market position and enabled large-scale deployment of intelligent energy solutions across commercial and industrial facilities in Viet Nam. In November 2025, VEEP further strengthened its regional footprint by becoming a strategic market development partner of Uniview , opening new opportunities to expand into Southeast Asia and accelerate the adoption of EEaaS across regional markets. Toward the end of the year, VEEP collaborated with AMACCAO and Allotrope  to conduct a technical assessment of the SERAPHIN waste-to-energy plant . This initiative marked VEEP’s strategic entry into renewable energy from waste, contributing directly to the circular economy and greenhouse gas emissions reduction. Alongside strategic partnerships, VEEP’s solutions continued to gain strong market validation from leading enterprises across retail, finance, manufacturing, and F&B sectors, including McDonald’s, Sacombank, AEON, Vincom Retail, and De Heus —demonstrating the effectiveness, scalability, and commercial viability of its EEaaS model. 2025 was also a year of international recognition for VEEP. The company was selected as one of 12 startups  to participate in the Viet Nam – Japan Incubation Program , a six-month initiative supporting high-potential technology startups. Participation in the program enabled VEEP to further refine its business model, strengthen governance capabilities, and expand strategic connections with international partners. In addition, VEEP joined the Google for Startups AI Bootcamp 2025 , gaining access to advanced Artificial Intelligence technologies and best practices. Insights from the program were applied to enhance VEEP’s core digital platform, AMIGO® , and its AIoT-based solutions for real-time energy monitoring, analytics, and optimization. Throughout 2025, VEEP actively contributed to more than 10 major national and international conferences and industry events, reinforcing its role as a thought leader in energy efficiency and climate innovation. VEEP’s presence at key forums such as WISE 2025, INNO VIETNAM – JAPAN Meetup, Climate Tech Showcase 2025, and Solar & Storage Live Vietnam 2025  helped amplify dialogue around energy transition, decarbonization, and innovative technology-financing models for businesses. At the core of VEEP’s growth is its integrated ecosystem of AIoT-driven solutions , designed to support enterprises throughout their energy transition journey. With nine specialized solution groups, ranging from ESG and Net Zero strategy consulting  to HVAC optimization, smart lighting, building energy management, and rooftop solar integration, VEEP delivers a holistic and measurable approach to sustainability. Through its Energy-as-a-Service  model—where VEEP fully finances upfront investment—companies are able to overcome traditional capital barriers while improving operational efficiency. In 2025, VEEP’s solutions helped client buildings reduce energy waste by an average of 30% , contributing to the avoidance of thousands of tons of CO₂ emissions annually . This impact is particularly significant in the building sector, which accounts for nearly 39% of global carbon emissions . As 2025 concludes, VEEP has established a strong foundation across technology, partnerships, and market adoption. With a clear strategic direction and a commitment to delivering measurable environmental and financial value, VEEP is well positioned to scale its impact beyond Viet Nam and into regional and global markets—continuing its mission to enable a more efficient, profitable, and sustainable energy future for businesses.

VEEP is pleased to collaborate with AMACCAO Group and Allotrope in a site survey and assessment program at the SERAPHIN Waste-to-Energy Plant—a flagship environmental infrastructure project that plays a critical role in advancing the circular economy and greenhouse gas emission reduction strategies in Viet Nam. Allotrope is a technology company specializing in digitalization and data transformation solutions, particularly in scientific and data-intensive domains. Allotrope supports organizations in automating workflows, managing complex experimental and operational data, and ensuring compliance with strict regulatory and governance requirements. The survey activities at the SERAPHIN Waste-to-Energy Plant aim to assess the current status of data collection, as well as the plant’s capability for data standardization, integration, and analytics. This assessment serves as a foundation for measuring environmental performance, emission reductions, and the future potential for carbon data monetization. VEEP participates as a technology and solutions partner, providing the Amigo platform—an AIoT-based energy management system that enables real-time collection of operational data, measurement of energy efficiency, and emission reductions. The platform establishes a reliable data infrastructure to support verification, project documentation, and the transparent issuance of carbon credits in line with international standards. Within this collaboration, AMACCAO Group—the project developer and operator—works closely with technology partners to conduct a comprehensive evaluation of the SERAPHIN plant’s environmental performance, operational capabilities, and potential participation in carbon markets over the medium and long term. VEEP believes that the combination of Allotrope’s strengths in digitalization and data governance, AMACCAO’s experience in project development and operations, and VEEP’s energy and carbon technology platform will enhance the quality and integrity of emissions data. This collaboration will support the SERAPHIN project in effectively accessing climate finance mechanisms while optimizing the economic value of emission reduction outcomes along its Net Zero roadmap. VEEP remains committed to partnering with stakeholders to develop transparent, data-driven energy and carbon solutions, helping shift energy from a “cost” to a “value”, and contributing to the sustainable growth of ESG finance and the carbon market in Viet Nam.

VEEP was honored to welcome representatives of the National Innovation Center (NIC) to its office as part of the Vietnam–Japan Incubation Program, under which VEEP has been selected as one of the Top 12 startups participating in the six-month incubation journey. Although concise in duration, the meeting enabled in-depth and meaningful exchanges , focusing on VEEP’s development journey, its Energy Efficiency as a Service (EEaaS)  model, and the role of innovation in advancing energy efficiency and carbon emissions reduction in Vietnam . During the discussion, NIC representatives expressed strong appreciation for the multi-generational collaboration spirit within the VEEP team, as well as for the clear and measurable impact indicators that VEEP is pursuing. In particular, NIC acknowledged VEEP’s vision and commitment to supporting Vietnam’s efforts to reduce 10 million tons of CO₂ emissions, recognizing this as a compelling example of how technology, financial models, and sustainability objectives can be effectively integrated. The visit not only provided an opportunity for mutual sharing and learning, but also opened up new perspectives and potential pathways for future collaboration, contributing to stronger linkages between the innovation ecosystem and solutions that deliver tangible social and environmental impact. VEEP sincerely thanks NIC for the visit and insightful exchange, and looks forward to continued collaboration and support throughout the incubation program and in future initiatives. Nếu bạn muốn:

The Vietnam–Japan Incubation Program is progressively establishing a strategic collaboration platform between the startup ecosystems of the two countries. Through this program, startups gain opportunities to access new markets, co-develop products and technologies, formulate AI application strategies, and engage with Japan’s sustainable management and business philosophy, all in pursuit of long-term growth. In this context, VEEP is honored to be selected as one of the 12 startups  participating in the six-month incubation program , marking a significant milestone in the development and international expansion of its Energy Efficiency as a Service (EEaaS)  solution. This recognition reflects VEEP’s innovation capabilities and commitment to sustainable development, while also enabling the company to further refine its products, optimize its business model, and strengthen collaboration with Japanese partners . Building on these initial achievements, the upcoming event “Vietnam–Japan Open Innovation: Co-Creating the Future” will serve as a multidimensional collaboration forum, bringing together startups, small and medium-sized enterprises, large corporations, and research institutions from both countries. The event aims to co-create solutions, share practical insights, and promote cooperation across key sectors such as technology, energy, artificial intelligence, and sustainable development.

Renewable energy plays a crucial role in the global transition toward a low-carbon future. However, the widescale deployment of sources such as solar, wind, and biomass continues to face significant barriers across technical, financial, regulatory, and social dimensions. Understanding these challenges is essential for governments and businesses to design effective strategies for sustainable energy development. 1. Infrastructure and Technical Challenges Technical limitations and infrastructure constraints remain some of the most significant obstacles to scaling renewable energy. 1.1. Intermittency of Renewable Sources Solar and wind energy depend entirely on weather conditions. When sunlight is insufficient or wind is weak, electricity output drops dramatically, affecting grid stability. This requires advanced energy storage solutions and smart-grid technologies to maintain supply–demand balance. 1.2. Transmission and Distribution Infrastructure Many countries operate outdated or inflexible grid systems that are not designed to integrate distributed renewable generation. The distance between renewable generation sites and major consumption centers further increases transmission costs and demands substantial investment in power infrastructure. 1.3. Limitations in Energy Storage Technology Despite recent advancements, current storage technologies still face constraints such as high costs, limited capacity, and short lifespan. These limitations hinder the ability to fully mitigate the intermittency of renewable sources and restrict the expansion of renewable energy systems. 2. Economic and Financial Challenges 2.1. High Upfront Investment Costs Although renewable electricity generation costs have fallen, the initial capital investment for renewable projects remains substantial. Businesses must commit significant funds long before realizing financial returns, making project viability more difficult. 2.2. Limited Access to Financing Financial institutions often perceive renewable projects as riskier than fossil-fuel alternatives. As a result, high interest rates, strict credit requirements, and limited financing options make it challenging for developers—especially in emerging markets—to secure the necessary capital. 2.3. Inconsistent Financial and Policy Support Not all countries offer strong or stable financial incentives for renewable energy development. Uncertainty in tax policies, subsidies, or regulatory frameworks makes long-term planning difficult and increases project risk. 3. Policy and Regulatory Challenges 3.1. Lack of Policy Consistency Frequent changes in energy policies—often tied to political cycles—create uncertainty for investors. Long-term, transparent, and consistent regulatory frameworks are essential for achieving sustainable energy goals. 3.2. Complex Licensing and Approval Processes Environmental assessments, grid-connection approvals, and power-purchase negotiations can take months or years. These lengthy and complicated procedures slow project development and increase costs. 4. Social and Cultural Challenges 4.1. Limited Public Awareness and Local Opposition Renewable energy projects, particularly wind and hydropower, often face community resistance due to concerns over noise, landscape impact, or environmental effects. Limited understanding of the long-term benefits contributes to public opposition in many regions. 4.2. Social and Environmental Impacts While cleaner than fossil fuels, renewable projects still create certain impacts. Hydropower can alter river flows and disrupt ecosystems, while wind farms may affect wildlife habitats, especially birds and bats. 5. Workforce and Knowledge Challenges 5.1. Shortage of Skilled Workforce The renewable energy sector requires a highly trained workforce capable of managing advanced systems. Many countries lack sufficient talent pools, hindering industry growth and the proper operation of complex technologies. 5.2. Barriers in Technology Transfer and Knowledge Sharing Developing nations often face difficulties accessing advanced technologies, research networks, or international expertise. These limitations reduce their ability to implement renewable solutions effectively. Amid ongoing market barriers, Veep delivers an Energy Efficiency as a Service (EEaaS) model that helps organizations reduce energy consumption at the source—significantly mitigating many of the technical, financial, and operational challenges associated with renewable energy. Through zero-Capex deployment, IoT-driven Energy Analytics, and real-time optimization, Veep enables businesses to: Lower operating costs and reduce dependence on unstable energy sources Enhance grid reliability by managing and smoothing energy demand Improve the efficiency and absorption of existing renewable energy systems Access transparent energy data to meet regulatory requirements Accelerate carbon-reduction and Net Zero strategies By focusing on demand-side optimization, Veep acts as a strategic partner that strengthens the foundation for renewable energy adoption and supports a more resilient, energy-efficient future.

As climate change intensifies and emission-reduction pressures become mandatory, renewable energy has emerged as a strategic priority for many nations. However, the transition to clean energy cannot progress without strong policy foundations from governments. This is why countries worldwide are continuously introducing support programs, regulations, and national targets to accelerate the shift toward sustainable energy systems. As a pioneer in the Energy Efficiency as a Service (EEaaS)  model in Vietnam, Veep  not only tracks global policy trends but also transforms them into practical, localized solutions that help businesses optimize costs, reduce emissions, and enhance operational performance. 1. Renewable Energy Policies and Support Mechanisms 1.1. Financial Incentives and Tax Benefits Many countries rely on financial support schemes and tax incentives to stimulate investment in renewable energy. Common instruments include: Direct subsidies:  Government grants to reduce initial investment costs, especially for solar systems for households and SMEs. Tax incentives:  Tax exemptions and reductions for clean-tech investments, enabling faster payback periods. Impact on businesses:  Lower CAPEX and improved access to modern technologies. Veep’s role:  Under the EEaaS model, Veep enables businesses to deploy high-efficiency technologies with zero upfront investment , similar to how global governments support companies through CAPEX-offset mechanisms. 1.2. Energy Standards and Regulatory Frameworks Governments worldwide have introduced standards to enhance efficiency and reduce emissions: Building performance standards:  Requirements for new buildings to be energy-efficient and equipped with renewable energy (e.g., the U.S. LEED standard). Renewable Portfolio Standards (RPS):  Utilities must ensure a minimum percentage of their electricity comes from renewable sources. Veep’s role:  Veep supports enterprises in meeting international green-operation standards through energy-management solutions, IoT technology, and optimized electricity consumption. 1.3. Auction Mechanisms & Renewable Energy Certificates Many countries leverage market-based mechanisms to promote competition and reduce renewable-energy costs: Renewable energy auctions:  Developers compete to offer clean electricity at the lowest price. Renewable Energy Certificates (RECs):  Instruments that allow businesses to buy and sell renewable-generation attributes. Veep’s role:  With transparent measurement, analytics, and reporting capabilities, Veep helps businesses prepare for future carbon and REC markets. 2. National Commitments and Global Goals 2.1. National Commitments Major economies are making ambitious moves: European Union:  The Green Deal targets Net Zero by 2050, with renewable energy accounting for at least 32% by 2030. United States:  Rejoined the Paris Agreement, targets Net Zero by 2050, and expands tax credits for solar and wind. China:  Aims to peak emissions in 2030 and reach Net Zero by 2060, with clean energy projected to supply around 50% of total generation. These commitments are driving massive investment and applying transformation pressure across global supply chains. Veep’s role:  Veep empowers Vietnamese enterprises to align with international standards through energy-saving solutions, CO₂e reduction, and smart operational upgrades. 2.2. Key International Agreements Paris Agreement:  Encourages emission reductions and expanded renewable-energy adoption to keep global warming below 1.5°C. IRENA:  Provides research, technology, and policy support to help nations scale renewable energy. Veep’s alignment:  Veep applies data-driven energy analytics to support businesses in meeting greenhouse-gas reporting requirements aligned with global commitments. 3. Future Trends in Renewable Energy Policy Future energy policies will continue to focus on: Increased R&D investment  in new technologies to make renewable energy cheaper and more efficient. Strengthened international cooperation  on technology and green financing. Integration of renewable energy into urban planning and infrastructure  to build sustainable energy ecosystems. Veep’s vision:  Beyond EEaaS, Veep is developing advanced IoT and Energy Analytics platforms that enable businesses to adopt modern energy models aligned with Net Zero goals over the next 5–10 years. Global policies are paving the way for a new era of smart, green energy. This transition is not just a trend—it is a mandatory requirement for every business aiming to remain competitive. Veep is committed to supporting Vietnamese enterprises throughout their energy-transition journey through solutions such as: Energy Efficiency as a Service (EEaaS) Energy optimization & operational cost reduction CO₂e measurement – analytics – reporting IoT – AI technologies for buildings and retail chains