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MINISTRY OF PLANNING AND INVESTMENT
AGENCY FOR ENTERPRISE DEVELOPMENT

Environment Progress Credit Program (EPC)

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VIETNAM'S RAPID GROWTH IS CAUSING ENVIRONMENT POLLUTION

Urbanization and industrialization cause environmental pollution

  • Pollution due to vehicle exhaust gas
  • Pollution of urban/industrial regions
  • - Air quality sector of the environmental performance index (EPI) of Vietnam is 159th place out of 180 countries(WEF)
  • Pollution of rivers and lakes
  • - A vast amount of industrial waste water are not treated and there is lack of urban household wastewater treatment system
  • Depend more on landfills than recycling
  • - Millions of tons of annual solid wastes are buried

Nurturing Vietnam Environmental Industry Toward Sustainable Development

EPC is a system that gives incentives in proportion to companies’ achievements in the environmental sector

Two main points of EPC

Measure a company’s environmental achievements in monetary units
Provide monetary incentives fitting to the environmental achievements

EPC Goals

Short-term
Short
-term
  • Attract environmental companies to National Innovation Center (NIC)
  • Energize startups related to the environment improve survival rate of venture companies
  • Increase no. of companies
Long-term
Long
-term
  • NIC to become a mecca of the global environmental industry
  • Procure sustainable competence for Vietnam

IMPLEMENTATION STAGE

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IMPLEMENTATION STAGE

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