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Rooftop solar investment - green growth model

Vietnam has committed to reducing CO2 emissions to zero by 2050. The Power Plan VIII has concretized the Government's commitment by encouraging the development of renewable energy, especially rooftop solar power, laying the foundation for promoting this trend. Developing a green and circular economy has been focused on by many businesses in the province, typically TNG Investment and Trading Joint Stock Company (TNG).

Báo Thái NguyênBáo Thái Nguyên06/04/2025

The solar rooftop power system invested and installed at TNG Viet Thai Factory in Son Cam Industrial Park has been put into operation.
The solar rooftop system invested and installed at TNG Viet Thai Factory in Son Cam Industrial Park has been put into operation.

Mr. Dao Duc Thanh, in charge of administration of TNG Investment and Trading Joint Stock Company, informed: From 2020 to now, TNG has exported to North American and European markets. Therefore, green transformation is a mandatory requirement for the textile and garment industry to improve its competitiveness and integration, especially when exporting to large markets with strict environmental standards such as the EU and the United States. The Company's Board of Directors and members of the Board of Directors are determined to build a green strategy from production to the environment, helping workers improve their productivity and work in the best conditions.

For factories established after 2020, TNG has designed them in a modern way, closely following LOTUS's green criteria. Particularly for the old factory system, the Company focuses resources on gradual renovation. Due to the high investment costs and green renovation of factories, TNG has selected items to implement gradually. First, TNG gradually replaced coal-fired boilers with electric boilers. By the end of 2024, TNG has replaced 100% of coal-fired boilers with biomass boilers and electric boilers. Thereby helping to reduce greenhouse gas emissions into the environment, bringing a cleaner space for staff and workers during the production process.

Currently, TNG is investing heavily in rooftop solar power systems. After completing the installation and testing of the rooftop solar power system for the TNG Viet Thai Factory in Son Cam Industrial Park, this year TNG has planned to install 6-7 rooftop solar power systems for the company's auxiliary factories. Thereby helping the company reduce electricity costs, meeting the greening requirements according to green standards and circular economy .

TNG Investment and Trading Joint Stock Company invests in many modern machines to improve labor productivity and protect the environment.
TNG Investment and Trading Joint Stock Company invests in many modern machines to improve labor productivity and protect the environment.

Mr. Nguyen Van Thoi, Chairman of the Board of Directors of TNG Investment and Trading Joint Stock Company, affirmed: We have built a fund (investment plan) for greening factories. On average, each year TNG spends 100-200 billion VND to renovate the systems of factories from fire prevention and fighting systems, environmental monitoring, electricity... to ensure reduction of electricity consumption in factories; exploiting natural gas sources to create ventilation in production activities.

TNG's goal by 2030 is to build smart factories, smart TNG Investment and Trading Joint Stock Company. Currently, TNG is deploying TNG software to automate machinery systems, reduce human labor, and improve the efficiency of equipment use. - Mr. Nguyen Van Thoi

Using green energy from rooftop solar power systems brings many benefits. Businesses have a stable power supply, save production costs and increase competitiveness. Meeting sustainable development and environmental protection standards is extremely important to access demanding markets such as Europe.

Using rooftop solar power of TNG not only helps enterprises to proactively produce and trade, reduce production costs, increase competitiveness but is also an indispensable condition in the process of international integration.

2024 is the 8th consecutive year that TNG has been honored at the Ceremony to Announce Sustainable Enterprises in Vietnam. With over 45 years of experience in production and business activities in the textile and garment sector, TNG is oriented towards a circular economic development strategy, applying technology in management and production, aiming at a digital enterprise and digital economy, bringing the highest and long-term benefits to shareholders, investors, customers, staff, employees and the community.

Source: https://baothainguyen.vn/kinh-te/202504/dau-tu-dien-ap-mai-mo-hinh-tang-truong-xanh-fe40cba/


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