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 and solutions to the scheme.
According to Pham Hong Luong, Chief of the Office of the Vietnam Administration of Forestry (VAF) under the Ministry of Agriculture and Rural Development (MARD), the forestry sector owns a huge amount of carbon credits. Vietnam has a relatively high forest coverage rate compared to the world, about 42%, while the global average is about 31%, Luong said.
