“GG Power is ready to participate in the SHIFT project as a Pilot Project,” stated Mr. Bui Xuan Binh, Chairman and CEO of GG Power, at the launch ceremony of the SHIFT project – “Shifting Investment Toward Green Transformation.” This is a strategic initiative aimed at mobilizing both public and private capital to support Vietnam’s green growth trajectory.
The event was attended by leaders from the Ministry of Finance, the State Bank of Vietnam, and reputable international organizations, with the shared objective of promoting green finance and investment policies in the fight against climate change.
During the panel discussion, Mr. Bui Xuan Binh emphasized that the biggest challenge facing enterprises in the green transition today is not merely access to capital, but more fundamentally, the absence of a comprehensive financial policy framework for new infrastructure technologies—particularly Battery Energy Storage Systems (BESS). The lack of clear evaluation criteria has made many financial institutions cautious in engaging with BESS projects, directly affecting companies’ access to financing and overall liquidity.
Mr. Binh emphasized that the banking system and support programs need to approach the green transition with a mindset of partnership, facilitation, and risk-sharing. Instead of requiring businesses to fully meet all ESG certifications and criteria from the outset, banks can accompany enterprises throughout the operational process, allowing ESG standards to be gradually completed in parallel with real production and business activities. This approach not only reduces initial borrowing pressure but also more accurately reflects the true nature of the green transition as a long-term journey.
He expressed his expectation that BESS will soon be recognized as an essential infrastructure asset in credit transactions, thereby helping unlock green capital flows and fostering the sustainable development of Vietnam’s energy transition ecosystem.
With a spirit of partnership and proactive contribution, GG Power is ready to share its practical experience to support policy refinement and attract green investment capital, gradually integrating more deeply into the global value chain.
GG Power – Vietnam’s leading energy storage battery manufacturer.
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