Vietnam takes steps towards carbon credit market

Vietnam’s carbon market is expected to thrive in the near future, given that the country has large forest reserves and many corporations stand ready to pour billions of US dollar to purchase forest carbon credits from Vietnam. It was estimated that Vietnam will be able to sell 57 million carbon credits to international organisations annually. Each of the credits can fetch as much as 5 USD.

Carbon credits are viewed by experts as new resources in Vietnam, giving the country much-needed funding to improve income for forest growers and to protect and expand forest coverage.

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