THE TREND OF USING RENEWABLE ENERGY IN FACTORIES

In 2021, even with the tough times caused by Covid-19, Vietnam’s main manufacturing industries kept going and grew compared to 2020.

The Vietnam-EU Free Trade Agreement (EVFTA), which started in August 2020, brought new chances for manufacturing businesses in Vietnam. But to make the most of these opportunities and keep growing, companies need to improve how they make raw materials locally and rely less on imports. They also face a new challenge: using energy smartly and protecting the environment.

With the world focusing on sustainability, some companies have started installing solar power systems at their factories using the ESCO model. This lets them use clean energy for production without spending money upfront—a popular choice for many businesses. Khai Toan Group is one of the big companies leading the way by adding solar power to its factories and rental workshops, helping the environment and making better use of electricity.