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Vietnam: A Trusted Partner for Global Climate Action – A Call for Collaboration Towards a Just Green Transition
Vietnam, with its high energy demand and rapid growth, faces rising greenhouse gas (GHG) emissions, while urbanization and infrastructure expansion strain its natural ecosystems.
A World Bank 2025 report projects that under the RCP4.5 scenario, climate change could slash Vietnam’s GDP by 9.1% by 2035 and 12.5% by 2050. The severity is already evident: in just the first ten months of 2025, Vietnam endured 20 unusually intense natural disasters, costing an estimated VND 59.2 trillion (USD 2.25 billion) in damages.
Despite these challenges, Vietnam has emerged as a regional forerunner in climate action. To deliver on its landmark COP26 commitment to achieve Net Zero emissions by 2050 – a pledge that now anchors its long-term sustainable development strategy – Vietnam has rolled out a suite of robust policies. These include the National Climate Change Strategy to 2050, the decree on GHG Emission Reduction and Ozone Layer Protection (No. 06/2022/ND-CP), the updated decree 119/2025/ND-CP, a National Methane Action Plan, and a blueprint for a domestic carbon market. These frameworks focus on promoting renewable energy, enhancing energy efficiency, and managing waste and emissions across key sectors.
Notable Achievements
- Energy Transition: Vietnam is rapidly greening its power grid. In Q1 2025, renewables accounted for 16% of total electricity output, with hydropower contributing a further 19.1%, positioning Vietnam among Asia’s fastest-moving nations in clean energy adoption. The revised National Power Development Plan (PDP VIII) prioritizes maximising renewable sources like wind, solar, and biomass, while also encouraging newer technologies like waste-to-energy and geothermal.
- Policy & Institutional Innovation: Vietnam is building a comprehensive legal and market foundation for its transition. Reforms are creating conditions for robust power purchase agreements, efficient pricing, and grid investment. A pilot program for allocating emission quotas and carbon credits in the electricity sector is a critical step, designed to mobilise carbon finance and spur technological innovation.
- International Partnership: As a member of the Just Energy Transition Partnership (JETP), Vietnam has secured an initial mobilisation package of USD 15.5 billion. Under this framework, Vietnam aims to peak power sector emissions at 170 million tCO2e by 2030 and source at least 47% of its electricity from renewables. Collaboration is advancing, with 44 JETP-linked projects, representing over USD 10 billion in capital demand, currently under consideration.
Persisting Challenges on the Path to Net Zero
- Financing Gap: The World Bank estimates Vietnam needs an additional USD 368 billion in investment by 2040 to meet its climate goals. PDP VIII alone requires an estimated USD 135 billion by 2030. Mobilising this scale of capital from public, private, and international sources is a paramount challenge.
- JETP Implementation Hurdles: While progress is being made, the pace of JETP implementation remains slower than desired. Delays are often due to the complexity of large-scale projects and a need for clearer guidance from international partners on procedures and financial incentives.
- Technological Capacity: Vietnam’s domestic research and development (R&D) capacity in advanced fields like advanced renewables, carbon capture, and waste treatment remains limited, remains a challenge.
- Nascent Carbon Market & Industrial Transition: Developing a fully functional carbon market is a long-term endeavor. Simultaneously, many businesses are new to GHG inventories and lack the capital for the necessary technological transformation.
- Balancing Growth and Transition: Vietnam’s economy is still reliant on fossil fuels and export-oriented industries, creating inherent tension between immediate development needs and the long-term green transition.
A Call for Enhanced International Cooperation
Vietnam has demonstrated serious commitment through its policies and actions. It stands ready to be a reliable, transparent, and science-driven partner. However, to accelerate a just and inclusive green transition, strong international support is essential — not just as a matter of Common But Differentiated Responsibilities (CBDR), but as a strategic investment opportunity. Support in finance, technology transfer, and governance will be key to unlocking Vietnam’s potential to achieve Net Zero by 2050, protecting its people and ecosystems while fostering sustainable growth and inspiring just transitions worldwide.
Hashtag: #MAE
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Swiss-Belhotel International Unveils Mobile App, Advancing its Integrated Digital Ecosystem
The launch of the Swiss-Belhotel International Mobile App completes a strategic technology upgrade initiated last year, which included the implementation of a new booking engine, the transition to an enhanced website, and the introduction of an advanced Customer Relationship Management (CRM) system. With the addition of the mobile app, Swiss-Belhotel International now offers a fully connected digital ecosystem, ensuring a seamless journey from discovery to booking and beyond.
Commenting on the launch, Matthew Faull, Executive Director and Senior Vice President – Information Technology, E-commerce and Distribution, said: “The launch of the Swiss-Belhotel International Mobile App represents the completion of a carefully structured digital transformation programme. By aligning our booking engine, website, CRM and now mobile platform into one connected ecosystem, we are able to deliver a more efficient, responsive and guest-centric experience. This is not simply about technology adoption, but about creating meaningful value through integration.”
Adding to this, Priyanka Kapoor, Group Director – Sales, Marketing, Branding and Communications, said: “At the heart of this launch is our commitment to our loyal guests. The Swiss-Belhotel International Mobile App allows us to offer greater value, more personalised engagement, and exclusive member benefits. It reinforces our focus on direct relationships with our guests, ensuring they receive the best rates, the best privileges, and a seamless brand experience.”
Built around the principle of ‘One App, Many Benefits,’ the Swiss-Belhotel International Mobile App enables guests to book directly at the best available rates while unlocking exclusive member privileges. Users can easily sign up or log in to access personalised offers, ensuring that loyal guests are consistently recognised and rewarded.
More than a booking tool, the app is designed to simplify the entire travel journey, offering a streamlined, intuitive interface that enhances both convenience and engagement. By integrating its core digital platforms into a single environment, Swiss-Belhotel International strengthens its ability to deliver a consistent and elevated guest experience across all touchpoints.
As digital expectations continue to evolve, Swiss-Belhotel International remains focused on investing in technologies that enhance accessibility, strengthen guest relationships, and support long-term growth. The Swiss-Belhotel International Mobile App stands as a key step in this direction – bringing together innovation, efficiency, and guest-centricity within a single, unified platform.
Hashtag: #SwissBelhotelInternational #HospitalityTechnology #Hospitality
https://www.swiss-belhotel.com/
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The issuer is solely responsible for the content of this announcement.
Swiss-Belhotel International
Swiss-Belhotel International operates in 20 countries, managing 165+* hotels, resorts, and projects across New Zealand, Australia, Indonesia, Asia, the Middle East, Africa, and Europe, with regional offices in Hong Kong, New Zealand, Australia, China, Indonesia, UAE, the Philippines, Vietnam, Malaysia, and Thailand. Committed to delivering world-class hospitality, the group also offers the Swiss-Belexecutive Card (SBEC), a loyalty program providing many benefits, discounts from 10% to 35% on rooms, dining, and other services, plus priority check-in, complimentary upgrades, and late check-out. No collecting points, no waiting for redemption, with the free-to-join Green Global tier, members can enjoy instant discounts from their first stay! Book stays and access special offers tailored for SBI guests and SBEC members through the Swiss-Belhotel International App – available in App Store and Google Play Store. Stay connected with us on Facebook, LinkedIn, Instagram, and TikTok for the latest updates and exclusive benefits. Visit swiss-belhotel.com for more information.
*Numbers may fluctuate
From September 2025 to April 2026, the program combined consistent distributions with practical assistance. During this time, more than 1,700 food boxes were delivered, helping ensure access to essential nutrition for elderly residents.
The initiative also included healthcare support. Around 300 people received vision checks, with 152 of them receiving eyeglasses based on the results. In addition, approximately 300 people received medicines each month, supporting the management of common health conditions.
Additional assistance included the distribution of first aid kits, hygiene kits, and prepared meals, helping cover both daily needs and immediate care.
Members of the Olymptrade community also took part in the initiative, joining two distribution days to help with the process and spend time with elderly residents.
The eight-month program marks an important milestone in the partnership, but not its conclusion. Olymptrade plans to continue supporting local communities through similar initiatives, guided by a simple principle: Care that counts.
Hashtag: #Olymptrade
The issuer is solely responsible for the content of this announcement.
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Paymentology and Change Financial join forces to fast-track next-generation payments in Australia
The collaboration combines Paymentology’s cloud-first processing platform with Change Financial’s local BIN sponsorship, regulatory expertise and in-market presence – enabling fintechs, digital banks and programme managers to launch and scale debit, credit and prepaid programmes more efficiently in the Australian market.
Change Financial is a Mastercard Principal Issuer in Australia, providing local scheme connectivity and compliance support. Together with Paymentology’s real-time, multi-cloud processing infrastructure, the partnership creates a streamlined pathway for fintechs looking to enter or expand in the country.
Australia represents one of the world’s most advanced digital payments markets. The national payments market was valued at USD 849.1 billion in 2025 and is projected to reach USD 1.35 trillion by 2034, growing at a CAGR of 5.09% between 2026 and 2034. Cards and mobile wallets now sit at the centre of everyday transactions, as digital adoption continues to accelerate. Australians made approximately AUD 160 billion in mobile wallet payments in the past year alone, with billions of transactions recorded annually, highlighting strong demand for digital-first, contactless and mobile-enabled payment experiences.
Minh Ha Truong, Head of Growth Asia Pacific at Paymentology commented: “Australia is one of the most sophisticated payments ecosystems globally, with strong consumer adoption of digital, contactless and mobile-first experiences. By partnering with Change Financial, we’re combining next-generation issuing infrastructure with trusted local BIN sponsorship and expertise, unlocking faster payment method adoption for fintechs and helping them scale confidently in the Australian market.”
Change Financial brings deep experience supporting fintechs and financial institutions through local sponsorship, scheme relationships and programme enablement.
Jennifer Mateer, Chief Commercial Officer at Change Financial added: “We collaborate closely with fintechs and programme managers every day to launch innovative payment solutions with speed and confidence. Our partnership with Paymentology combines our local market expertise with global-scale issuing infrastructure, enabling innovators to accelerate time to market and deliver compelling card payment experiences to Australian consumers and businesses.”
Hashtag: #Paymentology #Fintech
The issuer is solely responsible for the content of this announcement.
About Paymentology
Paymentology is the leading next-generation issuer processor, empowering fintechs, digital banks and retail banks to effortlessly launch and manage innovative payment solutions on a global scale. The company drives greater customer choice and value through easy-to-use, integrated platforms and services that help clients to disrupt the status quo, accelerate time to market, and achieve growth.
With a superior multi-cloud platform offering a vast global footprint, and enhanced real-time data, Paymentology distinguishes itself as a leader in the payments industry. Its team of payments experts, with deep local market knowledge, operates across 50 countries and 14 time zones, providing 24/7 support. Paymentology is deeply committed to expanding financial inclusion globally, changing lives and positively impacting the communities in which it operates.
For more information, visit https://www.Paymentology.com.
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