Cái Lớn – Cái Bé Irrigation project approved
The Cái Lớn – Cái Bé irrigation project in the Mekong Delta has been approved by the Ministry of Agriculture and Rural Development, according to Lê Hồng Linh, director of the ministry’s Irrigation Work Investment and Construction Management Board No 10. The project, which will connect the Cái ...
H.T. Dung
Purchasing carbon credits from Vietnam difficult without clear legal frameworks
Several foreign businesses find it difficult to purchase carbon credits from Vietnam due to a lack of clear legal frameworks.Vu Tan Phuong, director of the Vietnam Forest Certification Office, said Vietnam has already had policy frameworks regarding carbon credits, but has not had concrete instructions ...
Pham Chieu
Vietnam capable of earning US$200 mln per year from carbon credit trade
Vietnam is capable of selling some 40 million carbon credits for a revenue of US$200 million annually, the Department of Forestry has calculated.It said the country has freshly signed an emissions reduction purchase agreement with Emergent, a non-profit intermediary engaging between tropical forest countries and ...
Vietnam to pilot carbon credit trade from 2025
A seminar on opportunities for developing a carbon market in Vietnam took place in Hanoi on April 20.Jointly hosted by Giao thong (Transport) Newspaper and Green Innovation and Development Centre (GreenID), the event focused on roadmaps for developing the domestic carbon market, and policy recommendations ...
Carbon market development helps reduce greenhouse gas emissions
By developing and operating the domestic carbon market, Vietnam will effectively reduce carbon emissions. This will happen due to the increase in compatibility with international carbon pricing mechanisms, link with international and regional carbon markets, and increase competition among Vietnamese products, according to experts.Assoc. Prof. ...
Vietnam will likely pilot carbon credit market by 2025: ministry
With its large forest reserves, Vietnam has great potential for developing a forest carbon credit market, and a “draft project to develop the carbon market in Vietnam” with a view to piloting a carbon credit exchange by 2025 was already submitted to the prime minister for ...
Vinh Tho - Quang The - Le
Vietnam will run carbon trade exchange in 2028
Vietnam will officially run a carbon trade exchange in 2028, according to a draft project on the development of a carbon market in Vietnam conducted by the Ministry of Natural Resources and Environment. According to the draft, Vietnam will pilot the operation of this carbon ...
Agriculture ministry wants to sell 5.9 million tons more of carbon dioxide
The Ministry of Agriculture and Rural Development (MARD) has reported to the government about the signing of documents on transferring 10.3 million tons of CO2 to the World Bank which will bring turnover of VND1.25 trillion.In the report to the Prime Minister on the implementation ...
Tam An
Revenue from carbon credits distributed to localities
Vietnam has received a 51.5 million USD payment from the World Bank for verified emissions reductions – commonly referred to as carbon credits – for reducing 10.3 million tonnes of CO2 in the 2018-2024 period. According to Director of the Department of Forestry under the ...
Vietnam can earn US$200 million from selling forest carbon credit certificates
Vietnam is expected to collect US$200 million from selling certificates of forest carbon credits. Vietnam has piloted selling 10.3 million certificates of forest carbon credits, earning US$51.5 million. The Ministry of Agriculture and Rural Development is studying to legalize it so that more localities can ...
By Van Phuc – Translated
Vietnam takes steps towards carbon credit market
Vietnam’s carbon market is expected to thrive in the near future, given that the country has large forest reserves and many corporations stand ready to pour billions of US dollar to purchase forest carbon credits from Vietnam. It was estimated that Vietnam will be able ...
Government shows urgency in climate change battle
In a bid to ensure sustainable development and economic growth, the government has enacted a fresh action programme on continuing response to climate change, with new mechanisms in favour of private investment.In addition to an increase in state budget in investing into responding to climate ...
Carbon credits take root in agriculture sector
Carbon credits are gaining traction in the agriculture sector as an instrument to promote sustainable farming practices and improve farmer income. The World Bank would raise $40 million between 2023-2024 and $60 million between 2025-2026 to pay for the carbon credits generated by the one million ...
Steps being taken to promote green credit
Given the importance of green credit to sustainable economic development, the Prime Minister issued the national green growth strategy for 2021 – 2030 with a vision to 2050, and the development strategy for the banking sector by 2025 with orientations towards 2030, which includes orientations ...
Vietnam considers domestic carbon credit exchange to enhance efficiency in green transactions
In light of Vietnam’s projected generation of approximately 10.8 million voluntary carbon credits annually, there is a growing demand for efficient exchange and purchase mechanisms, prompting active discussions about the establishment of a domestic carbon credit exchange.In line with the goal of reaching Net Zero ...
Forest carbon credits and people's expectations
Government Decree No. 107/2022/ND-CP, issued on December 28, 2022, on pilot transfer of emission reduction results and financial management of agreement on payment of GHG emission reduction in the North Central region, is the first decree to help create a process for the exchange, transfer, ...
Carbon credit market offers sustainable revenue
There have been positive signs since the Vietnamese Government committed to the goal of Net Zero Carbon Emission in 2050.Statistics from the Center for People and Nature (under the Vietnam Union of Science and Technology Associations (VUSTA)) reveal that by the end of November 2022, ...
Translated by Thanh Tam
EPR – a motive for Vietnam’s circular economic development: Norwegian diplomat
The Extended Producer Responsibility (EPR) is among the solutions that will help Vietnam realise its ambition of boosting the circular economy and green transition, according to Deputy Head of Mission at the Norwegian Embassy in Vietnam Mette Moglestue.Among the first Southeast Asian countries applying the ...
MONRE announces indicators for environmental supervision
The Ministry of Natural Resources and Environment announced it had issued a set of environmental indicators to evaluate results of environmental protection nationwide.The indicators are among the urgent solutions being worked on by the ministry following instruction from the Government.They include 27 criteria to evaluate ...
Building carbon credit management mechanisms crucial: PM
Prime Minister Pham Minh Chinh emphasised the urgent need to develop a carbon market and carbon credit management mechanisms in his recently-issued directive.In Vietnam, since the mid-2000s, many businesses have rolled out carbon credit programmes and projects, notably those under the Clean Development Mechanism (CDM). ...