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 ...

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 ...

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 ...

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 ...

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. ...

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 ...

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 ...

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 ...

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 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 ...

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 ...

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 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 ...

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 ...

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 ...

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, ...

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 ...

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A total of US$41 million in carbon credit sales is the first forest proceeds from six north central provinces from the emission reduction agreement with the World Bank. This money is transferred to localities to pay forest owners, local people and communities to manage, protect and ...

 Ethnic customs and traditions are unique to people and entrenched in their belief systems that are connected to the land and nature. This series of documentary films, developed by Culture Identity and Resources Use Management (CIRUM), explore religion and customary practices through storytelling engage indigenous ...