Businesses are being urged to convert from traditional to smart lighting systems to reduce electricity usage and support the nation’s net-zero goal.
Vietnamese Prime Minister Pham Minh Chinh has called for a 2 per cent reduction in electricity use annually and a cut in power losses in transmission lines to less than 6 per cent by 2025.
By 2030, at least half of all office and residential buildings should use rooftop solar power, and only LED bulbs should be used in street lights by 2025.
According to Phung Hoai Duong, general director of Signify Vietnam, switching from traditional lighting systems to LED alternatives presents a substantial opportunity for cost savings. The transition is estimated to result in an 80 per cent reduction, equivalent to cutting hundreds of tonnes of CO2 and saving VND6.3 million ($260.38) for each tonne. Residential areas stand to benefit from a potential reduction of 276 tons of CO2 emissions, saving VND1.73 trillion ($71.5 million).
“By converting to smart lighting systems, not only large businesses but also individuals and organisations can contribute to the goal of green growth. In addition, partnering with companies that have achieved carbon neutrality will create a competitive advantage to help businesses meet the emissions targets – including all indirect emissions happening throughout the entire supply chain – while promoting customer trust and loyalty,” he added.
On September 13, Signify Innovation Day 2023 – held for the first time in Vietnam – was co-organised by the Dutch Business Association in Vietnam (DBAV) and the National Innovation Centre, gathering a great line up of speakers from the Ministry of Construction, the Dutch Consulate General, Dutch corporations, and experts from Signify Vietnam.
Signify Innovation Day 2023 exemplified the multinational lighting corporation’s commitment to supporting Vietnam’s net-zero goal.
Guido van Rooy, executive director of the DBAV, said, “Dutch businesses are committed to supporting Vietnam in achieving its net-zero emissions target by 2050. We will facilitate this effort by providing a platform for knowledge exchange, collaborative initiatives, and strategic partnerships. By leveraging these resources, Dutch businesses operating in Vietnam can jointly adapt their strategies and actions to the local market.”
“This concerted effort demonstrates our dedication to environmental responsibility and fosters a strong and mutually beneficial relationship between the two countries,” Rooy concluded.
The event also introduced new groundbreaking lighting innovations, allowing stakeholders and industry leaders to see how green lighting solutions can lead to more sustainable development. They strongly agreed that the commitment to net-zero emissions needs to be realised by balancing economic development and resource protection.
