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 regarding those frameworks, for example, exactly which activities count as emitting or absorbing carbon. Vietnam still does not have a carbon tax.

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Pham Chieu