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THE PRIME MINISTER OF VIETNAM
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THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom – Happiness
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No. 21/2025/QD-TTg
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Hanoi, July 04, 2025
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DECISION
ON ENVIRONMENTAL CRITERIA AND VERIFICATION OF INVESTMENT
PROJECTS UNDER THE GREEN TAXONOMY
Pursuant to the Law on
Government Organization dated February 18, 2025;
Pursuant to the Law on
Environmental Protection dated November 17, 2020;
Pursuant to Decree No.
08/2022/ND-CP dated July 10, 2024 of the Government on elaboration of several
Articles of the Law on Environmental Protection;
Pursuant to Decree No.
05/2025/ND-CP dated January 06, 2020 of the Government on amendments to certain
Articles of the Government’s Decree No. 08/2022/ND-CP dated January 10, 2022 on
elaboration of several Articles of the Law on Environmental Protection;
At the request of
Ministry of Agriculture and Environment;
The Prime Minister
promulgates the Decision on environmental criteria and verification of
investment projects under the green taxonomy.
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1. This Decision
regulates the environmental criteria and verification of investment projects
that satisfy environmental criteria to be entitled to preferential policies and
support of the State regarding green credit and green bond.
2. Investment projects
prescribed in clause 1 of this Article are those under the green taxonomy.
Article
2. Regulated entities
1. Investment project
owners and green bond issuers that apply for verification of investment
projects under the green taxonomy.
2. Authorities and organizations
competent to verify investment projects under the green taxonomy.
3. State authorities
competent to implement preferential policies and support of the State regarding
green credit and green bond.
4. Credit institutions
and branches of foreign banks in Vietnam that implement preferential policies
and support of the State regarding green credit.
5. Other relevant
authorities, organizations and individuals.
6. Credit institutions
and branches of foreign banks in Vietnam are encouraged to apply regulations in
this Decision to determine and issue green credit to investment project owners
under the green taxonomy according to policies of such organizations and in
accordance with the law.
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1. A project that is
issued with a decision on approval of appraisal result of environmental impact
assessment report (EIAR) or is subject to environmental registration in
accordance with laws on environmental protection, except for investment
projects that are exempt from environmental procedures in accordance with
laws.
2. A project that is
subject to environmental protection, or benefits the environment and satisfies
requirements prescribed in Appendix I attached to this Decision.
Article
4. Authorities and organizations competent to verify investment projects under
the green taxonomy
1. Competent state
authorities shall appraise and approve appraisal result of EIAR or issue
environmental licenses for investment projects in accordance with laws on
environmental protection.
2. Independent
verification organizations shall satisfy the following requirements:
a) Have judicial
personality in accordance with laws;
b) Carry out business
registration in Vietnam or be established in accordance with decisions of
competent state authorities;
c) Operate under one of
the following forms:
Provide conformity
assessment service or perform conformity assessment function in accordance with
laws;
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d) Have management system
and operate in accordance with one of the following requirements:
National Standards TCVN
ISO/IEC 17029:2020 or International Standards ISO/IEC 17029:2019 on conformity
assessment - General principles and requirements for validation and
verification bodies;
Vietnamese Standards on
assurance service contracts No. 3000 - Assurance service contracts other than
audit and review of historical financial information; International Standards
on Assurance engagement (ISAE 3000); amended or replaced standards issued by Vietnamese
competent authorities in accordance with laws.
Article
5. Verification of investment projects under the green taxonomy
The verification of
investment projects under the green taxonomy shall comply with requests of
investment project owners, green bond issuers and one of the following methods:
1. The verification of
competent state authorities as prescribed in clause 1, Article 4 of this
Decision shall be carried out as follows:
a) Investment project
owners of investment projects shall request competent state authorities to
verify investment projects under the green taxonomy; handle administrative
procedures for appraisal and approval of appraisal result of EIAR or issuance
of environmental licenses;
b) State authorities
competent to appraise result of EIAR or issue environmental licenses shall
assess and verify investment projects under the green taxonomy during the
appraisal of result of EIAR; issue environmental licenses. The verification
result shall be presented in the decision on approval of appraisal result of
EIAR or issuance of environmental licenses.
2. The verification of
independent verification organizations as prescribed in clause 2, Article 4 of
this Decision shall be carried out as follows:
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b) Independent
verification organizations shall review the application for verification of
investment projects under the green taxonomy to ensure the independence and
objectivity in accordance with standards for independent verification
organizations prescribed in point d, clause 2, Article 4 of this Decision. The
deadline and fee for verification shall be agreed by both independent
verification organizations and investment project owners and in accordance with
relevant laws;
c) Independent
verification organizations are accountable to the law, authorities and
organizations implementing preferential policies and support of State regarding
green credit and green bond; relevant authorities, organizations and
individuals for their verification results.
3. The inspection,
inspection and handling of violations regarding verification of investment
projects under the green taxonomy shall comply with laws on environmental
protection and relevant laws.
Article
6. Application for verification of investment projects under the green taxonomy
1. In cases where
competent state authorities verify investment projects under the green taxonomy
as prescribed in clause 1, Article 5 of this Decision, the request for
verification of investment projects under the green taxonomy shall be presented
in the application for appraisal of EIAR or the application for issuance of
environmental licenses including:
a) The request for
verification of investment projects under the green taxonomy shall be presented
in application for appraisal of EIAR or issuance of environmental licenses;
b) The presentation
content of investment projects shall comply with environmental criteria
prescribed in Article 3 of this Decision which includes content in Appendix III
attached to this Decision and is presented as a separate chapter in the EIAR or
application for issuance of environmental licenses.
2. In cases where independent
verification organizations verify investment projects under the green taxonomy
as prescribed in clause 2, Article 5 of this Decision, the request for
verification of investment projects under the green taxonomy shall include:
a) Written request for
verification of investment projects under the green taxonomy in accordance with
the Form in Appendix II attached to this Decision;
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c) Report on presentation
of investment projects under the green taxonomy at the time of applying for
green credit and green bond; or at the time of applying for preferential policies
and support of the State regarding green credit and green bond in accordance
with the Form in Appendix III attached to this Decision.
Article
7. Verification paper for investment projects under the green taxonomy
1. a) In cases where the
verification of investment projects under the green taxonomy is carried out in
accordance with clause 1, Article 5 of this Decision, the verification content
shall be presented in the decision on approval of appraisal result of EIAR or
environmental license including information as prescribed in clause 2 of this
Article.
In this case, the
decision on approval of appraisal result of EIAR or environmental license is
equivalent to a verification paper for investment projects under the green
taxonomy.
2. In cases where the
verification of investment projects under the green taxonomy is carried out in
accordance with clause 2, Article 5 of this Decision, the verification paper
for investment projects under the green taxonomy shall include the following
information:
a) General information
regarding the verification organization;
b) Name of
investment project owner or green bond issuer;
c) Scope and scale of the
investment project;
d) Summary of production,
business and service technology; basic information regarding products of the
investment project;
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e) Requirements for
satisfying and maintaining environmental criteria as prescribed in Article 3 of
this Decision;
g) Other requirements (if
any).
3. The verification paper
for investment projects under the green taxonomy as prescribed in clauses 1 and
2 of this Article is one of the grounds for investment project owners and green
bond issuers to request for entitlement to preferential policies and support of
the State regarding green credit and green bond in accordance with laws on
environmental protection and relevant laws.
Article
8. Responsibilities of investment project owners after verification of
investment projects under the green taxonomy
1. Satisfy and maintain
environmental criteria as prescribed in Article 3 of this Decision.
2.
Send a written notification regarding the investment project that has been
verified as under the green taxonomy to the Ministry of Agriculture and
Environment within 30 days from the date of issuance of verification paper. The
written notification regarding the investment project that has been verified as
under the green taxonomy is prescribed in Appendix IV attached to this Decision.
3. Carry out other
responsibilities in accordance with relevant laws.
Article
9. Implementation
1. The Ministry of
Agriculture and Environment shall:
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b) Summarize difficulties
and obstacles; report to the Prime Minister for update and amendment of this
Decision in accordance with the practical situation;
c) Summarize and update
the list of investment projects under the green taxonomy on the website of the
Ministry;
d) Amend the list of
investment projects under the green taxonomy in accordance with Appendix I
attached to this Decision.
2. The Ministry of
Finance shall take charge and cooperate with the Ministry of Agriculture and
Environment in updating, connecting and integrating data regarding investment
projects under the green taxonomy to the national database system on investment
in accordance with laws.
3. The State Bank of
Vietnam shall provide guidelines for credit institutions and branches of
foreign banks in Vietnam in accordance with this Decision.
4. The province-level
People's Committees shall organize the implementation of this Decision within
their jurisdiction, and submit periodic reports to the Ministry of Agriculture
and Environment on the implementation of investment projects under the green
taxonomy in provinces.
5. Ministries,
ministerial authorities, governmental authorities, People's Committees of
provinces and cities, relevant authorities and organizations are responsible
for implementing this Decision in accordance with their functions, tasks and
assigned fields.
Article
10. Implementation clause
1. This Decision comes
into force from August 22, 2025.
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PP. PRIME MINISTER
DEPUTY PRIME MINISTER
Tran Hong Ha
APPENDIX I
SECTORS AND TYPES OF INVESTMENT PROJECTS THAT ARE
CONSIDERED AND VERIFIED AS UNDER THE GREEN TAXONOMY
(Attached to Decision No. 21/2025/QD-TTg dated July 04, 2025 of the Prime
Minister)
No.
Sectors and types of investment projects
Environmental protection or environmental benefits
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Green credit
Green bond
(1)
(2)
(3)
(4)
(5)
A
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1
Solar
power generation
Climate
change response
Development
of renewable energy sources
The
following requirements shall be satisfied:
1. The
efficiency of photovoltaic cells or photovoltaic modules shall comply with
the regulations on grid-connected solar power systems and rooftop solar power
systems eligible for incentive mechanisms and policies for promotion of solar
power development.
2. The photovoltaic
conversion efficiency for concentrated solar power projects shall not be
limited.
3. Equipment
used for solar power generation shall be certified for standard conformity,
technical-regulation conformity, inspection conformity and calibration conformity
in accordance with laws.
4. Fulfill
the responsibility of recycling and handling products of manufacturers and
importers in accordance with environmental protection laws.
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Wind
power generation
Climate
change response
Development
of renewable energy sources
The
following requirements shall be satisfied:
1. Wind
power shall be generated from one of the following types:
1.1.
Offshore wind power;
1.2.
Onshore wind power.
2. Equipment
used for wind power generation shall be certified for standard conformity,
technical-regulation conformity, inspection conformity and calibration
conformity in accordance with laws.
3
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Climate
change response
Development
of renewable energy sources
The
following requirements shall be satisfied:
1. Power
generation shall be generated from one of the following sources:
1.1.
Geothermal energy;
1.2.
Biomass;
1.3.
Tide;
1.4. Wind
waves;
1.5.
Ocean current;
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1.7.
New energy sources (Green hydrogen, Green ammonia).
2. Equipment
used for power generation from prescribed sources shall be certified for
standard conformity, technical-regulation conformity, inspection conformity
and calibration conformity in accordance with laws.
4
Heat or
cooling generation from renewable and new energy sources
Climate
change response
Development
of renewable energy sources
The
following requirements shall be satisfied:
1. Heat
or cooling shall be generated from one of the following energy sources:
1.1.
The Sun;
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1.3.
Geothermal energy;
1.4.
Biomass;
1.5.
Tide;
1.6.
Wind waves;
1.7.
Ocean current;
1.8.
Domestic solid waste, common industrial solid waste;
1.9.
New energy sources (Green hydrogen, Green ammonia).
2. The
refrigerants used in cooling equipment shall have a Global Warming Potential
(GWP) and an Ozone Depletion Potential (ODP) equal to or lower than the
management roadmap. The use of ozone-depleting substances and controlled greenhouse
gases shall be eliminated in accordance with laws in Vietnam.
3. Equipment
used for heat or cooling generation shall be certified for standard
conformity, technical-regulation conformity, inspection conformity and
calibration conformity by competent authorities in accordance with laws.
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Gas generation
from biomass sources
Climate
change response
Development
of renewable energy sources
The
following requirements shall be satisfied:
1. Gas
shall be generated from one of the following sources: agricultural
by-products, forestry by-products and other biomass sources.
2. Equipment
used for biogas generation shall be certified for standard conformity,
technical-regulation conformity, inspection conformity and calibration
conformity in accordance with laws.
6
Production
of sustainable aviation fuel
Climate
change response
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Sustainable
aviation fuel (SAF) shall be granted international certificates in accordance
with regulations of the International Civil Aviation Organization (ICAO).
7
Construction
and installation of electrical works to support the development of renewable
energy, clean energy and sustainable energy
Climate
change response
Development
of renewable energy sources
The
following requirements shall be satisfied:
1. Electrical
works shall be constructed and installed to serve transmission and capacity
relief for one of the following types of energy:
1.1.
The Sun;
1.2.
Wind;
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1.4.
Biomass;
1.5.
Tide;
1.6.
Wind waves;
1.7.
Ocean current;
1.8.
Domestic solid waste, common industrial solid waste;
1.9.
New energy sources (Green hydrogen, Green ammonia).
2. The
proportion of renewable energy capacity relieved shall comply with the
national power development plan.
3. Equipment
used for constructing transmission lines and substations for transmitting and
relieving renewable energy capacity shall be certified for standard
conformity, technical-regulation conformity, inspection conformity and
calibration conformity in accordance with laws.
8
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Effective
use of natural resources
Energy
saving
The
following requirements shall be satisfied:
1. Technologies
and equipment shall be energy-saving, eco-friendly, and comply with one of
the following requirements:
1.1. Be
granted energy labels in accordance with regulations on the list of equipment
that is required to have energy labels, minimum energy efficiency standards
and implementation roadmap;
1.2. Be
certified with Vietnam Green Label or with eco-label issued by an
international organization or country which has a mutual recognition
agreement signed by the competent authority.
2. Smart
grid technology shall comply with the smart grid development orientation in
Vietnam.
9
Manufacture
of high-tech and eco-friendly batteries and accumulators.
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Prevention
and reduction of environmental pollution
The
following requirements shall be satisfied:
1. Be
certified with Vietnam Green Label or with eco-label issued by an international
organization or country which has a mutual recognition agreement signed by
the competent authority.
2. Recycled
raw materials and materials as prescribed by laws shall be used for
manufacture.
3. Fulfill
the responsibility of recycling and handling products of organizations and
individuals in accordance with environmental protection laws.
4. The
best available techniques shall be applied in accordance with the roadmap as
prescribed by the Government.
10
Installation
of energy storage systems for renewable energy.
Climate
change response
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The
following requirements shall be satisfied:
1. Electric
storage systems and charging stations shall be installed to load and use one
of the following power sources:
1.1.
The Sun;
1.2.
Wind;
1.3.
Geothermal energy;
1.4.
Biomass;
1.5.
Tide;
1.6.
Wind waves;
1.7.
Ocean current;
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1.9.
New energy sources (Green hydrogen, Green ammonia).
2. Fulfill
the responsibility of recycling and handling products of organizations and
individuals in accordance with environmental protection laws.
3. Equipment
used for installation and operation of renewable energy storage systems shall
be certified for standard conformity, technical-regulation conformity,
inspection conformity and calibration conformity in accordance with laws.
B
TRANSPORTATION
1
Investment
in zero-emission or low-carbon emission vehicles for transportation purposes
Climate
change response
Green
economy with low carbon emissions
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1. Electric
vehicles .
2. Vehicles
using green energy, renewable energy, or other fuel and energy sources that
are zero-emission or low greenhouse gas emission.
2
Development
of infrastructure for supplying fuel or energy to zero-emission or low-carbon
transportation vehicles
Climate
change response
Low
carbon emissions
Infrastructure
for supplying fuel or energy shall serve the following types of vehicles:
1. Electric
vehicles.
2. Vehicles
using green energy, renewable energy, or other fuel and energy sources that
are zero-emission or low greenhouse gas emission.
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Provision
of energy recharging services for zero-emission or low-carbon transportation
vehicles
Climate
change response
Application
of circular economy, green economy and low carbon emissions.
Energy
recharging services shall serve the following types of vehicles:
1. Electric
vehicles.
2. Vehicles
using renewable energy, or other fuel and energy sources that are zero-emission
or low greenhouse gas emission.
C
CONSTRUCTION
1
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Effective
use of natural resources; and respond to climate change
Development
of multi-purpose infrastructure that is eco-friendly and energy-saving
The
following requirements shall be satisfied:
1. Be
certified by a domestic or international green building certification
organization.
2. Comply
with greenhouse gas emission reduction requirements; ensure that the use of
refrigerants with GWP and ODP is equal to or lower than the management
roadmap; eliminate ozone-depleting substances and controlled greenhouse gases
in accordance with laws in Vietnam.
2
Construction
and renovation of existing public utility buildings that are eco-friendly and
energy-saving
Effective
use of natural resources; and respond to climate change
Development
of multi-purpose infrastructure that is eco-friendly and energy-saving
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1. Be
certified by a domestic or international green building certification
organization.
2. Comply
with greenhouse gas emission reduction requirements; ensure that the use of
refrigerants with GWP and ODP is equal to or lower than the management
roadmap; eliminate ozone-depleting substances and controlled greenhouse gases
in accordance with laws in Vietnam.
D
WATER
RESOURCES
1
Construction
of water supply and drainage facilities
Effective
use of natural resources
Effective
management of water resources and wastewater treatment
The
following requirements shall be satisfied:
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1.1.
Seawater and brackish water desalination system;
1.2.
Water conservation system;
1.3.
Flood drainage system;
1.4. Wastewater
collection, drainage and treatment system;
1.5.
Smart irrigation system.
2. Equipment
shall be certified for standard conformity, technical-regulation conformity,
inspection conformity and calibration conformity in accordance with laws.
2
Extraction,
treatment and supply of clean water
Efficient
use of natural resources
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The
following requirements shall be satisfied:
1. The
quality of clean water shall be comply with technical parameters within the
limits as prescribed in the National technical regulation on domestic water
quality (QCVN 01-1:2024/BYT).
2. The
clean water loss rate is specified as follows
2.1.
For new water supply system construction projects: the water loss rate shall
be no more than 15% and there is a plan for prevention of water loss and
revenue loss;
2.2. For
projects including renovation and upgrade of existing water supply systems:
The water loss rate shall be under 18% and there is an evidence of reduction
compared to the rate before installation or operation.
3. Equipment
shall be certified for standard conformity, technical-regulation conformity,
inspection conformity and calibration conformity in accordance with laws.
3
Management
of quality and protection of water resources
Efficient
use of natural resources
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The
following requirements shall be satisfied:
1. Types
of investment projects shall belong to one of the following activities that
are entitled to incentives and support under the water resources laws:
1.1.
Restoring degraded, depleted and polluted water sources;
1.2.
Searching, exploring and exploiting water for supplying domestic water to
people in areas with freshwater scarcity, ethnic minority regions,
mountainous areas, borderlands, islands, disadvantaged areas, extremely
disadvantaged areas; to the poor, women, children, people with disabilities,
and other vulnerable groups;
1.3.
Effectively and economically exploiting and using water; using recycled and
reused water; treating seawater into freshwater; collecting and using
rainwater, artificially replenishing groundwater; restoring degraded,
depleted, and polluted water sources; preventing, combating and remedying
water-related damages;
1.4.
Constructing water regulation and storage works in areas that is frequently
affected by drought, water shortage, saltwater intrusion, floods and
inundation;
1.5.
Developing technologies, equipment and products to support the protection,
development and restoration of water sources;
1.6.
Constructing and operating artificial groundwater recharge works.
2. Equipment
used for forecasting, supervising, controlling water quality, protecting
water sources, and preventing pollution, degradation and depletion of water
sources shall be certified for standard conformity, technical-regulation
conformity, inspection conformity and calibration conformity in accordance
with laws.
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AGRICULTURE,
FORESTRY, FISHERIES AND BIODIVERSITY CONSERVATION
1
Cultivation
of annual and perennial crops in accordance with sustainable standards
Efficient
use of natural resources
Application
of circular economy and green economy; investment in the development of natural
capital
The
production procedures shall comply with one of the following requirements:
1. Be
certified in accordance with the National Standards for Good Agricultural
Practices (VietGAP) – Part 1: Crop Production (TCVN 11892-1:2017).
2. Be
issued with a GlobalGAP certificate or an equivalent certificate issued by an
international organization or country that has a mutual recognition agreement
with Vietnam in accordance with laws.
3. Be
certified in accordance with the National Standards for organic agriculture –
Part 2: Organic crops (TCVN 11041-2:2017).
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2
Livestock
farming model in accordance with standards for good agricultural practices
Effective
use of natural resources and waste management
Application
of circular economy and green economy; investment in the development of
natural capital
The
production procedures shall comply with one of the following requirements:
1. Be
issued with a GlobalGAP certificates or an equivalent certificate issued by an
international organization or country that has a mutual recognition agreement
with Vietnam in accordance with laws.
2. Be
certified in accordance with the National Standards for organic agriculture –
Part 3: Organic livestock (TCVN 11041-3:2017).
3. Comply
with criteria for identifying programs and projects for high-tech
agriculture, clean agriculture, and the list of high technologies applied in
agriculture.
3
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Restoration
of natural ecosystems and response to climate change
Green
economy, low carbon emissions; investment in the development of natural
capital
The
production procedures shall comply with one of the following requirements:
1. Be
certified in accordance with the national Sustainable Forest Management
standard (VFCS/PEFC ST 1003:2019) or an international standard.
2. Implement
the objectives and requirements for protection, maintenance and development
of natural ecosystems in accordance with laws.
4
Sustainable
inland aquaculture
Waste
management; nature and biodiversity conservation
Application
of circular economy and green economy
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1. Comply
with the Vietnamese Good Aquaculture Practices (VietGAP).
2. Be
issued with a GlobalGAP, BAP certificate or an equivalent certificate issued
by an international organization or country that has a mutual recognition
agreement with Vietnam in accordance with laws.
5
Sustainable
marine aquaculture
Waste
management; nature and biodiversity conservation
Application
of circular economy and green economy
The
production procedures shall comply with one of the following requirements:
1. Comply
with the Vietnamese Good Aquaculture Practices (VietGAP).
2. Be
issued with a GlobalGAP, BAP certificate or an equivalent certificate issued
by an international organization or country that has a mutual recognition
agreement with Vietnam in accordance with laws.
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Sustainable
food production and processing
Waste
management; nature and biodiversity conservation
Application
of circular economy and green economy
The
following requirements shall be satisfied:
1. The
production procedures shall comply with one of the following requirements:
1.1. Be
issued with a domestic and international certificate for food safety supply
chain (VietGAP, GlobalGAP, ISO 22000, HACCP, GMP, SQF, FSSC 22000, BRC, IFS)
or an equivalent certificate issued by an international organization or
country that has a mutual recognition agreement with Vietnam in accordance
with laws;
1.2. Be
issued with a domestic and international certificate for good aquaculture
product processing (VietGAP, VietGAHP, GlobalGAP, BAP, HACCP, ISO 22000, GMP,
FSSC 22000, BRC, IFS) or an equivalent certificate issued by an international
organization or country that has a mutual recognition agreement with Vietnam
in accordance with laws;
1.3. Be
certified in accordance with the National technical regulation on
environmental management systems (TCVN ISO 14001) or equivalent standard
issued by an international organization or country that has a mutual recognition
agreement with Vietnam in accordance with laws.
2. Fulfill
the responsibility of recycling and handling products of organizations and
individuals in accordance with environmental protection laws.
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Ecotourism
Nature
and biodiversity conservation
Application
of circular economy and green economy; investment in the development of
natural capital
The
following requirements shall be satisfied:
1. Tourism
activities shall connect with local cultural heritage, engage community
involvement, and incorporate environmental education.
2. Demonstrate
objectives and activities that contribute to sustainable use, maximize
advantages, invest in maintaining and developing natural capital, and
conserve biodiversity.
3. Be a
part of a project, scheme, program, plan for ecotourism, resort or
entertainment issued and approved by competent authorities.
4. In
cases where an investment project includes accommodation or catering services
for ecotourism, it shall also satisfy one of the following requirements:
4.1. Be
issued with a certificate or label for sustainable accommodation or catering
services by a domestic or international organization, or an equivalent
standard issued by an international organization or country that has a mutual
recognition agreement with Vietnam in accordance with laws;
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8
Conservation
and development of genetic resources; rare, endangered animal and plant
species in Vietnam
Nature
and biodiversity conservation; restoration of natural ecosystems
Green
economy, low carbon emissions; investment in the development of natural
capital
One of
the following activities shall be implemented:
1. Conservation
of genetic resources; rare, endangered animal and plant species of Vietnam
listed as priority protection as prescribed by laws.
2. Conservation
of one of the following indigenous genetic resources in accordance with laws:
2.1.
Animal;
2.2.
Plant;
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2.4.
Other genetic resources as prescribed by laws.
3. Development
of endemic, valuable herbal ingredients with economic value or at high risk
of extinction in accordance with programs, plannings, plans or projects
issued by competent authorities including one of the following activities:
3.1.
Establishing conservation and development gardens for medicinal plants;
3.2.
Developing the cultivation of medicinal plants;
3.3.
Developing herbal ingredient genetic resources;
3.4.
Establishing facilities for primary processing, processing and extraction of
herbal ingredients, herbal ingredient trading centers to create favorable
market for the supply and consumption of herbal ingredient products;
3.5.
Other activities as prescribed by laws.
9
Development
of technical infrastructure for risk mitigation and disaster management
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Development
of multi-purpose infrastructure that is eco-friendly
Be
classified as one of the following types of works:
1. Civil
technical works serving objectives and requirements for risk mitigation and
disaster management in accordance with laws.
2. Works
for disaster management and rescue in accordance with laws.
10
Sustainable
cultivation on sloping land, low-lying land, acid sulfate soil, saline soil,
coastal sandy soil, degraded land and land at risk of desertification and
land degradation
Effective
use of natural resources; restoration of natural ecosystems
Effective
use of natural resources and land resources; investment in the development of
natural capital
The
following requirements shall be satisfied:
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1.1.
Sloping land;
1.2.
Low-lying land;
1.3.
Acid sulfate soil;
1.4.
Saline soil, salt-affected soil;
1.5.
Coastal sandy soil;
1.6.
Land at risk of desertification and land degradation.
2. Management
measures, technical methods and production processes on sloping land,
low-lying land, acid sulfate soil, saline soil, coastal sandy soil, and land
at risk of desertification and land degradation shall comply with regulations
prescribed by competent state authorities.
11
Pollution
treatment, reclamation, restoration, and protection of soil resources
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Prevention
and reduction of environmental pollution; effective use of soil resources
The
following requirements shall be satisfied:
1. Soil
quality after treatment shall comply with the National technical regulation
on soil quality (QCVN 03:2023/BTNMT).
2. The
treatment process shall not cause water and air pollution in accordance with
environmental protection laws.
12
Collection,
treatment, recycling and manufacture of useful products from by-products and
waste generated from agricultural, forestry and fisheries activities.
Waste
management
Application
of circular economy
The
following requirements shall be satisfied:
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2. The
quality of products and materials after treatment and manufacture shall
comply with the National technical regulation issued by competent authorities
in accordance with laws.
3. The
treatment process shall not cause pollution of soil, water or air in
accordance with environmental protection laws.
E
PROCESSING
AND MANUFACTURING INDUSTRY
1
Manufacture
of energy-saving and energy-efficient electrical equipment, machinery and
devices
Climate
change response
Energy
saving; technology adaptation by applying the best available techniques
The
following requirements shall be satisfied:
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1.1. Be
certified with Vietnam Green Label or with eco-label issued by an
international organization or country which has a mutual recognition
agreement signed by the competent authority;
1.2. Be
issued with an energy label including a comparative energy label (rated 4 to
5 stars) or the Vietnam Energy Star label in accordance with laws;
1.3.
Comply with requirements, standards and regulations related to circular
economy and green transition of export markets.
2. The
values of products containing refrigerants with GWP and ODP shall be equal to
or lower than the management roadmap, excluding ozone-depleting substances
and controlled greenhouse gases in Vietnam in accordance with laws.
3. The
best available techniques shall be applied in accordance with the roadmap as
prescribed by the Government.
2
Manufacture
of electronic components and devices to support the development of low-carbon
technologies
Climate
change response
Green
economy, low carbon emissions; energy saving
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1. Electronic
components and devices shall comply with one of the following requirements:
1.1. Be
certified with Vietnam Green Label or with eco-label issued by an
international organization or country which has a mutual recognition
agreement signed by the competent authority;
1.2. Be
issued with an energy label including a comparative energy label (rated 4 to
5 stars) or the Vietnam Energy Star label in accordance with laws;
1.3.
Comply with requirements, standards and regulations related to circular
economy and green transition of export markets.
2. Fulfill
the responsibility of recycling and handling products of organizations and
individuals in accordance with environmental protection laws.
3. The
best available techniques shall be applied in accordance with the roadmap as
prescribed by the Government.
3
Manufacture
of transportation vehicles using low-carbon technologies
Climate
change response
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The
following requirements shall be satisfied:
1. One
of the following types of vehicles shall be invested:
1.1.
Electric vehicles;
1.2.
Vehicles using green energy, renewable energy, or other sustainable fuel and
energy sources that are zero-emission or low greenhouse gas emissions.
2. Fulfill
the responsibility of recycling and handling products of organizations and
individuals in accordance with environmental protection laws.
4
Manufacture
of eco-friendly packaging
Waste
management
Application
of circular economy and green economy
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1. Manufacture
eco-friendly packaging products including eco-friendly plastic packaging,
paper bags, paper boxes, non-woven fabric bags, packaging products made from
bagasse, starch, and other natural, eco-friendly materials as prescribed by
laws.
2. Comply
with the National technical regulation on packaging in accordance with laws.
3. Be
certified with Vietnam Green Label or by an international or national
eco-label certification organization which has a mutual recognition agreement
signed by the competent authority.
5
Manufacture
of chemicals and chemical products derived from natural and eco-friendly
sources
Effective
use of natural resources
Application
of circular economy and green economy
The
following requirements shall be satisfied:
1. One
of and eco-friendly chemicals and chemical products shall be manufactured:
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1.2.
Eco-friendly types of printing inks such as water-based products that replace
or eliminate solvents like toluene and MEK with alcohol;
1.3.
Detergents and cosmetics made from natural ingredients and active substances
that are eco-friendly and safe for users.
2. Products
shall comply with one of the following requirements:
2.1. Be
certified with Vietnam Green Label or with eco-label issued by an
international organization or country which has a mutual recognition
agreement signed by the competent authority;
2.2.
Comply with requirements, standards and regulations related to circular
economy and green transition of export markets.
3. The
best available techniques shall be applied in accordance with the roadmap as
prescribed by the Government.
6
Manufacture
and development of technologies, equipment and products serving environmental
protection
Generation
of additional environmental benefits
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The
following requirements shall be satisfied:
1. Be
included in the list of specific technologies, equipment and products in the
environmental industry as prescribed by environmental protection laws.
2. Equipment
and products shall be certified for standard conformity, technical-regulation
conformity, inspection conformity and calibration conformity in accordance
with laws.
G
ENVIRONMENTAL
SERVICES
1
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Waste
management
Prevention
and reduction of circular economy
The
following requirements shall be satisfied:
1. The
quantity and quality of classification shall satisfy the following
requirements:
1.1.
Domestic solid waste shall be classified as prescribed by laws;
1.2.
Common industrial solid waste shall be classified as prescribed by laws.
2. Appropriate
classification methods shall be applied to ensure environmental protection
during classification process.
3. Collection
sites, transfer stations for domestic solid waste, or storage facilities for
common industrial solid waste shall comply with environmental protection
requirements for such sites in accordance with environmental protection and
construction laws.
4. Solid
waste transportation vehicles shall satisfy the technical requirements for
environmental protection for such vehicles.
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Waste
recycling
Waste
management
Prevention
and reduction of environmental pollution; application of circular economy,
green economy, and low-carbon emission
The
following requirements shall be satisfied:
1. Achieve
at least the minimum recycling rate as prescribed by the regulations on the
responsibility of product and packaging recycling of organizations and
individuals engaging in the manufacture and important in accordance with
environmental protection laws.
2. Recycling
technologies and techniques shall satisfy the following requirements:
2.1.
Satisfy the requirements for waste recycling technology and techniques in
accordance with environmental protection and construction laws;
2.2.
Apply the best available techniques in accordance with the roadmap as
prescribed by the Government.
3
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Waste
management
Prevention
and reduction of circular economy
The
following requirements shall be satisfied:
1. The
proportion of solid waste that cannot be reused or recycled shall be
landfilled in accordance with laws.
2. Treatment
technologies and techniques shall satisfy the following requirements:
2.1.
Requirements and criteria for waste treatment technology in accordance with
environmental protection and construction laws;
2.2.
Best available techniques in accordance with the roadmap as prescribed by the
Government.
4
Collection,
classification and treatment of hazardous waste
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Application
of circular economy and green economy
The
following requirements shall be satisfied:
1. Comply
with technical regulations on environment regarding hazardous waste
treatment.
2. Comply
with the following requirements for treatment technologies and techniques:
2.1.
Requirements and criteria for management and treatment technology of
hazardous waste in accordance with environmental protection and construction
laws;
2.2.
Best available techniques in accordance with the roadmap as prescribed by the
Government.
5
Collection
of wastewater from urban areas and densely populated residential zones
Waste
management
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The
following requirements shall be satisfied:
1. Satisfy
the requirements for collection of wastewater in accordance with
environmental protection laws;
2. Infrastructure
and technical works shall comply with requirements in accordance with the
national technical regulation on construction planning.
6
Treatment
of wastewater from urban areas and densely populated residential zones
Waste
management
Effective
management of water resources and wastewater treatment
The
following requirements shall be satisfied:
1.
Wastewater quality after treatment shall comply with column A of the National
technical regulation on domestic wastewater (QCVN 14:2025/BTNMT).
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7
Collection
and treatment of medical wastewater
Waste
management
Effective
management of water resources and wastewater treatment
The
following requirements shall be satisfied:
1. Comply
with the requirements for collection and treatment of medical wastewater in
accordance with environmental protection laws and relevant laws; the quality
of treated wastewater in accordance with column A of the National technical
regulation on industrial wastewater (QCVN 40:2025/BTNMT).
2. Treatment
technology and techniques shall comply with the requirements for waste
treatment technology and techniques as prescribed by environmental protection
and construction laws.
8
Collection
and treatment of wastewater from production, business and services
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Effective
management of water resources and wastewater treatment
The
following requirements shall be satisfied:
1. Comply
with requirements for collection and treatment of wastewater from production,
business, and services in accordance with environmental protection laws.
2. Wastewater
quality after treatment in accordance with A column of the National technical
regulation on industrial wastewater (QCVN 40:2025/BTNMT).
3. Treatment
technology and techniques shall comply with the requirements for waste
treatment technology and techniques as prescribed by environmental protection
and construction laws.
9
Air
emission treatment
Pollution
treatment and environmental quality improvement
Prevention
and reduction of environmental pollution
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1. The
quality of air emission treatment shall satisfy the following requirements:
1.1. B
column of the National technical regulation on industrial emission (QCVN
19:2024/BTNMT).
1.2.
The National technical regulation and other local technical regulation on
emission issued by competent authorities.
2. Treatment
technologies, techniques, equipment and products shall satisfy the
requirements for air emission treatment technologies and techniques as
prescribed by environmental protection and construction laws.
*
Note: Requirements in column (5) of
Appendix I shall be developed in accordance with legislative documents,
standards, technical regulations and documents issued by competent authorities.
If competent authorities issue amended or replaced documents, the new
requirements shall prevail.
APPENDIX II
WRITTEN REQUEST FOR VERIFICATION OF INVESTMENT PROJECTS
UNDER THE GREEN TAXONOMY
(Attached to Decision No. 21/2025/QD-TTg dated July 04, 2025 of the Prime
Minister)
…(1)…
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No. .....
Place of issuance, date.......................
To: … (2)…
Name of
the requestor: …………………..…………………..
Name of
the representative: ………………… Title: …………………………………
Address
of the facility: …………………………………………..
Phone
number: …………… Fax: …………… E-mail: ………………………
- Request
for verification that investment project ……(3)…… satisfies the environmental
criteria to be classified under the green taxonomy.
- This
written request includes the following documents:
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….(1)…. hereby
guarantee that the information provided above is accurate and take full
responsibility for it. We also commit to complying with environmental
protection laws and relevant laws.
We kindly
request ……(2)…… to review and verify that the investment project ……(3)……
satisfies the environmental criteria to be classified under the green taxonomy.
Attached
documents: ………………………………………………………
…(1)…
(Signature, full name, title and
seal)
Note:
(1) Name
of the enterprise/organization issuing the written request.
(2) The
independent verification authority/organization as prescribed in Article 5 of
Decision No. …/2025/QD-TTg dated ……………. in 2025 of the Prime Minister.
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APPENDIX III
DESCRIPTION OF INVESTMENT PROJECTS UNDER THE GREEN TAXONOMY
(Attached to Decision No. 21/2025/QD-TTg dated July 04, 2025 of the Prime
Minister)
NAME OF THE ENTERPRISE/ORGANIZATION
--------
THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom – Happiness
---------------
No. .....
Place of issuance, date.......................
DESCRIPTION
OF INVESTMENT PROJECTS UNDER THE GREEN TAXONOMY
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1. Name
of the investment project owner:…………………………………….………………..
2. Address:…………………………………………….………………
3. Legal
representative: ……………………………………………….………
4. Phone
number: ……………………………………………………………
5. Fax:
……………………………………………………….………………
6. Email:
…………………………………………………………………….
7. Website
of the investment project owner (if any): ………………….……….
8. Point
of contact (full name, phone number, email): ……….………….
II.
Description of the investment project
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- Number
of the investment project (in accordance with column (1) in Appendix I):
……………………….
- Sector
and type of the investment project (in accordance with column (2) in Appendix
I): …………………
- Type of
the investment project (specify whether it is the new investment project or
expansion investment project): ……
- Progress
of the investment project (specify the current stage of the investment
project):……………………………………………….………
- Scope,
scale and operational capacity of the investment project:……………………
- Inputs
of the investment project and outputs of the investment project (if any):
……………………………………………..……..
- The
authority/organization competent to grant approval of the investment procedures
of the investment project: ……..
2. Sector
of environmental protection and environmental benefits of the investment
project:
Sector of environmental protection and environmental
benefits of the investment project
(tick the corresponding boxes, if
any)
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□ Effective
use of natural resources
□ Development
of renewable energy sources
□ Low
carbon emissions
□ Energy
saving
□ Climate
change adaptation
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□ Climate
change response
□ Prevention,
reduction and treatment of environmental pollution
□ Improvement
of environmental quality
□ Restoration
of environment after environmental emergencies
□ Renovation
and upgrade of environmental protection works
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□ Restoration
of natural ecosystems
□ Investment
in the development of natural capital
□ Development
of multi-purpose infrastructure that is environmentally friendly
□ Development
of green economy
□ Nature
and biodiversity conservation
...
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□ Waste
management
□ Application
of circular economy
□ Effective
management of water resources and wastewater treatment
□ Project
generating additional environmental benefits
3. Description
of waste treatment results and waste sources of the investment project
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b) Waste
sources during the operation process:……………….………
c)
Measures to control waste sources during the operation process:……………….………
4. Impacts
on the environmental protection objectives of the investment project
Impacts on the environmental protection objectives of the
investment project
(tick the corresponding boxes, if
any)
Description
□ Ineffective
use of resources (land, water, minerals, forests, and other types of
resources)
□ High
greenhouse gas emissions; limited development of renewable energy sources;
ineffective use of energy resources
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□ Posing
risks of environmental pollution; degradation of environmental quality;
causing environmental incidents; damaging environmental protection works
□ Degradation
of natural ecosystems, biodiversity and natural capital
□ Failure
to satisfy requirements for waste management and application of circular
economy
□ Generation
of untreated waste and wastewater into the environment
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5. Type
of waste, waste volume and waste sources
No.
Type and volume of waste generated or expected to be
generated
Description
1
Wastewater
generated or expected to be generated:
- Domestic
wastewater;
- Industrial
wastewater.
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2
Dust
and gas emissions generated or expected to be generated:
- Sources
of generation;
- Volume
generated;
- Pollutants/Concentration
of pollutant parameters in emissions.
3
Solid
waste generated or expected to be generated:
- Domestic
solid waste;
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- Hazardous
solid waste.
6. Measures
to control, manage and handle waste sources
No.
Measures
Description
1
Regarding
wastewater generated or expected to be generated
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Regarding
dust and gas emissions generated or expected to be generated
3
Regarding
domestic, industrial and hazardous solid waste generated or expected to be
generated
7. Other
information
- Regarding
ongoing investment projects: specify the current status of production, business
and services of the investment project.
- For investment
projects involving renovation, expansion or capacity upgrade: specify the
works, equipment, items and technologies that will be continued to be used or
adjusted/modified/added in the project for scale expansion or capacity upgrade;
and describe the connection between existing works and the new investment
components.
III.
The compliance with environmental protection laws of the investment project
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Environmental procedures
Description
□ Environmental
impact assessment report
Specify
number of Decision, date of issuance and issuing authority
□ Environmental
license
Specify
number of the license, date of issuance and issuing authority
□ Environmental
registration
Specify
the date on which the environmental registration is submitted to the
competent state authority
□ Certificate
of completion for environmental protection works
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□ Permit
for discharging wastewater into water bodies
Specify
number of the permit, date of issuance and issuing authority
□ Certificate
of environmental eligibility for importing scrap as production materials
Specify
number of the certificate, date of issuance and issuing authority
□ Permit
for hazardous waste treatment
Specify
number of the permit, date of issuance and issuing authority
□ Logbook
for hazardous waste sources
Specify
the number of the logbook
□ Environmental
protection plan
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□ Detailed/simple
environmental protection scheme
□ Other
environmental procedures that the project owner/green bond issuer has carried
out (if any)
Specify
type of documents, numbers, date of issuance, place of issuance
2. Forms
and level of imposed penalties and remedial measures for administrative
violations regarding environment (if any)
…………………………………………………………………………………….
……………………………………………………………………………………
3. Description
of the work and environmental protection measures
No.
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Description
Note
1
Works
and methods for waste treatment
Describe
and clearly explain the treatment process flowchart, and attach the relevant
technical documents
Attach
the relevant technical documents
2
Waste
management activities
Describe
waste management activities of the investment project that have been
implemented or expected to be implemented
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The
implementation of environmental monitoring in accordance with applicable
regulations
IV.
Self-assessment of compliance with environmental criteria to be classified
under the green taxonomy
No.
Environmental criteria
(in accordance with Decision No. …/2025/QD-TTg dated
………………. in 2025 of the Prime Minister)
Self-assessment of compliance with environmental criteria
Satisfied/Not satisfied
Note
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….
…
….
General
assessment (The investment project owner shall compare all activities of the
investment project with the environmental criteria in accordance with Decision
No. .....…/2025/QD-TTg dated ……………….. in 2025 of the Prime Minister to
self-assess whether the investment project satisfies the environmental criteria
to be classified under the green taxonomy).
V.
Attached technical documents:
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- Document
2:
- …….
Note:
Other technical documents of the
investment project to be classified under the green taxonomy include:
1. Approved
feasibility study report or equivalent documents in accordance with laws;
approved technical design and construction drawings in accordance with
construction laws (if any).
2. Documents,
certificates, diplomas or other relevant materials proving the compliance of
the investment project with the environmental criteria to be classified under
the green taxonomy in accordance with Decision No. ….…/2025/QD-TTg dated ………….
in 2025 of the Prime Minister.
3. A
commitment clearly stating the deadline for satisfying the requirements related
to products, goods, equipment, technologies and services; a commitment to
fulfill the responsibilities of recycling and product disposal by the
manufacturer/importer in accordance laws in case where the investment project
has not started operation.
4. Periodic
environmental protection report in accordance with environmental protection
laws (if any).
5. Results
of inspections and handling of environmental protection violations by competent
state authorities attached with decisions and conclusions (if any).
VI.
Commitment of the investment project owner/green bond issuer
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NAME OF ENTERPRISE/ORGANIZATION
(Signature, full name, title and
seal)
APPENDIX IV
NOTIFICATION ON VERIFICATION OF INVESTMENT PROJECT TO BE
CLASSIFIED UNDER THE GREEN TAXONOMY
(Attached to Decision No. 21/2025/QD-TTg dated July 04, 2025 of the Prime
Minister)
…(1)…
-------
THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom – Happiness
---------------
No. ……
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To: The Ministry of Agriculture and Environment
……. ……..(1)……..
hereby notifies the Ministry of Agriculture and Environment regarding the
investment project that has been verified to be classified under the green
taxonomy in accordance with Decision No. ….…./202…/QD-TTg dated ………….. in 2025
of the Prime Minister on environmental criteria and the verification of
investment projects to be classified under the green taxonomy as follows:
I.
INFORMATION ON THE INVESTMENT PROJECT VERIFIED TO BE CLASSIFIED UNDER THE GREEN
TAXONOMY
1. Information
on the investment project owner or green bond issuer
- Name of
authority/organization in Vietnamese (capital letters):…………..
- Name of
authority/organization in foreign language (if any): ………………..
- Website
(if any): ……….…………………………………………………
-
Decision on establishment of the enterprise/certificate of enterprise
registration No……………. issued by:……………………………………. on date …………………………….
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- Full
name of the legal representative: ………………………………….
-
Address: …………………………………………………………………….
- Phone
number: ……………….. Fax (if any): ………………………….…….
- Email:
……………………………………………………………………..
3. General
information on the investment project verified to be classified under the green
taxonomy
- Name of
the investment project: ………………………………………………………….
-
Implementation address: ………………………………..……………………..
- Type of
the investment project (specify whether it is the new investment project or
expansion investment project): ……………………………………………………………………………
- Scale
of the investment project:……………………………………..
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4. Results
of verification of investment projects under the green taxonomy
- Number,
date of issuance of the verification paper: ……………... (2) ……………………….. issued by:
………………………………………..……………………….……
- Verified
content that are satisfy environmental criteria (in accordance with Article
3 of Decision No. ….…./202…/QD-TTg dated ………….. in 2025 of the Prime Minister
on environmental criteria and the verification of investment projects to be
classified under the green taxonomy): ………………………………………………………
-
Requirements for satisfying and maintaining environmental criteria of the
investment project: …..
………………………………………………………………………………....................
- Other
requirements (if any):……………………………………………………….
II.
INFORMATION OF THE AUTHORITY/ORGANIZATION ISSUING VERIFICATION PAPER FOR
INVESTMENT PROJECT UNDER THE GREEN TAXONOMY
1. Name
of authority, organization issuing the verification paper
- Name of authority/organization in Vietnamese (capital
letters):…………..
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- Website
(if any): ………………….……………………………………..
2. Contact:
- Full
name of the legal representative: ………………………………….
-
Address: …………………………………………………………………..
- Phone
number: ………………. Fax (if any): ……………………………
- Email:
…………………………………………………………….………
3. Information
on juridical personality:
-
Decision on establishment of the enterprise/certificate of enterprise
registration No……………. issued by:……………………………………. on date …………………………….
4. Type
of the authority/organization implementing the verification:
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Type
State
authorities competent to appraise and approve appraisal result of EIAR or
issue environmental licenses for investment projects in accordance with laws
on environmental protection
Independent
verification organizations providing conformity assessment services or having
function of conformity assessment in accordance with laws
Independent
verification organizations providing audit services
Note:
Mark (X) in the corresponding column.
We hereby
guarantee the honesty and accuracy of all information and data included in the
dossier attached to this report. If any inaccuracies are found, we take full
responsibility before the laws of Vietnam and commit to fully comply with
environmental protection laws and relevant laws. ………. ……(1)……. hereby notifies
the Ministry of Agriculture and Environment for summary.
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(1)
(Signature, full name, title and seal)
*
Note:
(1) Name
of the investment project owner or green bond issuer.
(2)
Number of the verification paper issued by the authority/organization.