According to the Net Zero Challenge 2026 competition, Vietnam is one of only three countries whose climate‑tech startups won top prizes worth a combined US$585,000. This achievement signals that Vietnamese firms are beginning to stand out on the world stage.

The competition announced that Phuc Sang Minh Gas secured first place in the circular economy and waste management category with its BioCNG platform, which turns biogas from organic waste into high‑quality fuel. The first‑prize cash award, as stated by the organizers, was VND5 billion (about US$195,000).

The Net Zero Challenge reported that more than 1,100 entries came from 80 countries and territories, underscoring intense international competition. Each of the three first prizes – awarded to startups from Vietnam, Switzerland and India – was valued at VND5 billion, according to the competition.

Touchstone Partners provided an additional US$50,000 investment for Phuc Sang Minh Gas, further backing its BioCNG technology. The funding will help the company scale its renewable‑energy solutions across industrial sites.

These wins show that global investors now see Vietnam as more than a testing market; they view it as a place to grow climate‑tech businesses. Continued success could accelerate both Vietnam’s economic growth and its transition to cleaner energy.