Evidence from China and Vietnam as Key Emerging Economies
Leuven Global Governance series
Edited by Hans Bruyninckx, Qi Ye, Nguyen Quang Thuan and David Belis
Chapter 10: Opportunities and challenges for Vietnamese enterprises involved in the CDM
This chapter presents a comprehensive assessment of opportunities and challenges for Vietnamese enterprises involved in the Clean Development Mechanism (CDM). The analysis is based on extensive fieldwork information, expert interviews and a review of other primary and secondary data sources. The data will be used to analyse the present status of Vietnamese enterprises engaged in CDM projects, as well as to uncover the opportunities and difficulties they face and the potential they possess when developing such projects. Various industrial sectors in Vietnam have taken initial steps in researching and formulating prospective projects in domains such as energy conservation and savings; conversion and usage of fossil fuels; capturing and utilizing methane gas from waste and coal mining; renewable energy; afforestation and reforestation; capturing and utilizing biogas; and so forth. Vietnam is regarded by carbon market professionals as a developing country with strong CDM potential, particularly in energy savings, reforestation, capturing gas from waste and capturing and utilizing biogas. However the number of companies active in the CDM market is relatively modest and does not live up to the available potential (Asian Development Bank 2009: 120–179; Dang et al. 2006; Germany Trade and Invest 2009; UNEP 2010: 21).
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