5.9 million carbon credits remain pending due to legal challenges
Vietnam has achieved a milestone by signing agreements to sell 10.3 million tons of carbon credits internationally. However, 5.9 million tons of carbon dioxide remain without transfer partners.
Mr. Ha Cong Tuan, former Deputy Minister of Agriculture and Rural Development, highlighted Vietnam’s goal of launching a national carbon credit trading platform by 2028. To achieve this, he proposed five core solutions: raising public awareness, establishing an efficient operational framework, adopting independent monitoring technologies, creating a national coordinating body, and aligning with international standards.
While Vietnam holds substantial potential for carbon credits from forestry projects, Mr. Ha Cong Tuan acknowledged that transforming this potential into tangible outcomes remains a lengthy process.
Translated by Thuy Doan
