Decision No. 21/2025/QD-TTg of the Prime Minister was issued on July 04, 07, providing a specific legal framework for the confirmation and classification of Green investment projects. This is an important step to promote businesses on the green transformation journey, clearly defining the beneficiaries of incentives through green credit and green bonds.
1. What is a “Green Project”?
Under the new regulations, an investment project is considered a project Xyou when you have the following 02 conditions:
- Have a valid environmental license, environmental registration or environmental impact assessment report appraisal results.
- Belonging to one of the fields and types of green investment specified in detail in Appendix I of the Decision. Some prominent fields are:
- Energy (renewable energy, green hydrogen, sustainable fuels…)
- Transportation (converting petrol/diesel vehicles to electric vehicles or low-emission fuels, electric vehicle charging stations, etc.)
- Build (according to Green building standards such as LEED, LOTUS,...)
- Water Resources (project help effectively manage water resources and treat wastewater using certified, compliant equipment)
- Sustainable agriculture and forestry, (projects on cultivation, livestock, food processing meeting VIETGAP, GLOBAL GAP standards or eco-tourism, biodiversity conservation,...)
- Green Industry, (manufacture of energy-saving equipment; change of technology towards applying the best available techniques)
- Environmental services such as recycling, wastewater treatment, exhaust gas treatment, etc.
2. What are the benefits of being a “Green Project”?
3. How to be recognized as a “Green Project”?
Method 1: Confirmation by competent state agency
Perform at the same time when carrying out environmental procedures such as environmental impact assessment (EIA) or applying for environmental license. The advantage of this method is streamlined administrative procedures, the confirmation results will be included in the approval decision. EIA or environmental permit.
Method 2: Confirmation by an independent organization
Independent certification organization is a legal entity in Vietnam with business functions or registration. conformity assessment services, business registration services audit service. In terms of capacity, the organization must meet the standards TCVN ISO/IEC 17029:2020.
The investor sends the dossier to an organization with independent assessment function (with sufficient capacity as above) for implementation. Green project certification. The advantage of this method is flexibility. active, can be implemented after the project has completed reporting EIA, serving the purpose of green capital mobilization, issuing green bonds.
Green – not just a label to beautify the brand, now it will be the decisive factor in the cost of capital of the enterprise. Enterprises that know how to take advantage of and exploit preferential capital sources will help the green transformation and sustainable development process become more effective and optimal.