Environment and natural resources
Forests and forestry
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
Localities expand activities to develop carbon credit market
Localities across the country are undertaking activities to develop the carbon credit market. The development of the carbon credit market is considered a concrete step towards policies on reducing greenhouse gas emissions, allocating emission quotas, carbon credit trading and creating green financial resources for Việt ...
Eight coastal localities get more support in forestry modernisation
The 4,040 hectares of forests planted and restored in the first phase of the World Bank (WB)-funded Forest Sector Modernisation and Coastal Resilience Enhancement Project will receive further care, as Prime Minister Pham Minh Chinh has issued a decision on the adjustment of the project ...
Phạm Thu Hương
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 eats forests by planting large timber forests to sell carbon credits
In the story ‘We Have Eaten The Forest’ of a Montagnard village in the Central Highlands of Vietnam, ethnologist Georges Condominas tells about the ancient way of ‘eating the forest’, which is to preserve the forest culturally. Nowadays, the descendants of characters in the story ...
Indigenous knowledge of forest turned into profit
Scientists assess that indigenous knowledge and forest resources along the Truong Son mountain range are significantly potential for its development if utilized properly. Moreover, today’s youth are also becoming interested in the indigenous knowledge when visiting forests, thereby spreading the message of forest protection further.As ...
WB's 51.5-million-USD payment helping Vietnam reduce emissions
Vietnam has received a 51.5-million-USD payment for verified emissions reductions (carbon credits) for reducing deforestation and forest degradation (commonly known as REDD+) and for enhancing carbon stored in forests through reforestation and afforestation.This makes Vietnam the first country in the East Asia-Pacific to receive a ...
Strengthening forest management, protection and development
On March 8, the Government issued Resolution No. 29/NQ-CP on Action Programme to implement Conclusion No.61-KL/TW, dated August 17, 2023, of the Party Central Committee’s Secretariat on continuing to implement Directive No.13-CT/TW, dated January 12, 2017, of the Secretariat on strengthening the Party’s leadership in ...
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 ...
Project to develop multi-use values of forest ecosystem to 2030 approved
Deputy Prime Minister Tran Luu Quang on February 29 signed a decision approving a project on developing multi-use values of the forest ecosystem to 2030, with a vision to 2050.The project aims to improve the efficiency of management and sustainable use of forest resources; create ...
