Global biosolutions leader Novonesis and Nhà Xanh, Viet Nam's leading biofuel producer, have signed a Memorandum of Understanding (MoU) to boost domestic biofuels production and strengthen Viet Nam's long-term energy security
HANOI, VIET NAM – June 17, 2026. The agreement, signed at the Embassy of Denmark in Hanoi and witnessed by Ambassador Nicolai Prytz today, marks a new step in Danish-Vietnamese cooperation on sustainable energy solutions. The partnership brings together Danish biosolutions expertise and Vietnamese production capacity to support more efficient and competitive domestic biofuel production.
As Viet Nam advances its energy transition and expands the use of ethanol-blended fuels (E10), improving the efficiency and cost-competitiveness of domestic biofuel production has become increasingly important. Greater production capacity helps strengthen energy security and resilience, reduce reliance on imported fossil fuels, and create additional value from agricultural resources.
The MoU will enable Novonesis and Nhà Xanh Viet Nam to explore opportunities to improve ethanol yields, lower production costs, and enhance the competitiveness of domestic biofuels by leveraging Novonesis' technical expertise in corn and cassava-based biofuels production.
Beyond the energy sector, increased biofuel production could strengthen demand for locally grown cassava and corn, creating additional market opportunities for Vietnamese farmers and supporting more efficient use of agricultural resources.
"As Viet Nam expands the use of biofuels, we believe domestic production will play an increasingly important role in strengthening energy security and reducing dependence on fossil fuels. Through our partnership with Novonesis, we are combining international biosolutions expertise with our production capabilities, building on our experience in applying yeast and enzyme solutions throughout the production process. We expect this collaboration to improve efficiency, strengthen supply autonomy, and increase the availability of domestic ethanol in support of Viet Nam's biofuel transition",
says Đỗ Văn Tuấn, Chairman of Nhà Xanh Viet Nam.
“Viet Nam has everything it needs to build a strong biofuels industry and reduce its dependence on fossil fuels. With our biosolutions, biofuel producers can achieve more with less: higher yields from the same feedstock, lower energy consumption, and reduced production costs.
A more diversified energy mix will not only strengthen Viet Nam’s energy security but also support a more resilient and competitive economy. We're excited to take this step with Nha Xanh Viet Nam to help advance Viet Nam’s energy transition,”
says Xiaofeng Ye, Vice President of Planetary Health Biosolutions APAC, at Novonesis.
"Denmark is home to the world's leading biosolutions company, Novonesis. And today it is particularly encouraging to see their expertise being applied in partnership with Vietnamese industry. By advancing domestic biofuel production and creating greater value from agricultural resources, this collaboration supports our shared priorities that are becoming increasingly important for Viet Nam: energy security, resource efficiency, and sustainable growth",
shared H.E. Mr. Nicolai Prytz, Ambassador of Denmark to Viet Nam.
The Embassy of Denmark in Viet Nam works to strengthen cooperation between Denmark and Viet Nam in areas including energy, sustainable food systems, green growth and innovation. Partnerships such as this demonstrate how Danish expertise and Vietnamese industry can come together to support energy security, resource efficiency and sustainable growth.
Biosolutions have the potential to reduce global CO2 emissions by approximately 4,300 million tons by 2030, equivalent to 8 percent of current global emissions*. Biofuel solutions from Novonesis saved 80 million tonnes of CO2e in 2025 globally, equivalent to taking approximately 30 million gasoline cars off the road**.
*The Potentials of Bio Solutions, Copenhagen Economics, 2022
**Novonesis’ Annual Report 2025
The bio in biofuels
Biosolutions turn everyday challenges - rising energy needs, unpredictable markets, and shifting feedstocks - into opportunities for stronger, more resilient economies. Instead of relying on finite resources, biosolutions tap into what's already around us: plants and farm leftovers become lower-impact fuel, local biomass powers communities, and supply chains stay close to home.
For biofuel producers, this means reliable, consistent fermentation regardless of temperature shifts, infections, or feedstock changes, and end-to-end solutions that work together to optimize output, throughput, and yield
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About Nhà Xanh
Công ty TNHH MTV Nhà Xanh Việt Nam or Viet Nam Green House Co., Ltd. is one of Viet Nam’s leading Biofuel (ethanol) producers, currently operating two ethanol plants- one in Dong Nai Province and another in the Dung Quat Economic Zone, Quang Ngai Province. The company is a pioneer in applying advanced science and technology, diversifying its feedstock sources for ethanol production through the use of agricultural materials such as corn, cassava, wheat and molasses. Viet Nam Green House continuously invests in technology and innovation, working with international partners to enhance production efficiency and support the development of Viet Nam's biofuel industry.
About Novonesis
Novonesis is a leading global biosolutions company, created through the combination of Chr. Hansen and Novozymes. Leveraging the power of microorganisms, enzymes, and biotechnology, Novonesis develops biosolutions that help transform the way the world produces, consumes, and lives. Operating across more than 30 industries, the company supports more efficient, lower-carbon, and resource-efficient solutions in areas including food, agriculture, energy, household care, and industrial production. Our 11,000 people worldwide work closely with our partners and customers to transform business with biology. To know more, visit: www.novonesis.com
