Vietnam can earn US$200 million from selling forest carbon credit certificates
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 have revenue from this service.
Speaking at a press conference on the afternoon of June 19, Deputy Minister of Agriculture and Rural Development Nguyen Quoc Tri and Director of the Forestry Department Tran Quang Bao informed that due to drought this year and low water levels, several hydroelectric reservoirs in the North and Central regions had to temporarily suspend their operations, leading to a decrease in revenue from the Forest Environmental Service Fund.
By Van Phuc – Translated
