News
First program to generate carbon credits from rice cultivation piloted
On June 11, Deputy Director Trinh Duc Toan of the North Central Agricultural Science and Technology Institute said that the unit is coordinating with Green Carbon INC to implement a program to improve farmers’ lives by generating carbon credits from rice cultivation. This is the ...
Translated by Anh Quan
VN coffee growers double income with carbon-emission reduction scheme
Vietnam is the world’s top exporter of Robusta coffee, earning nearly US$4.2 billion of export revenue in 2023. If switching to carbon emission reduction production, the income of coffee farmers could double.The production of coffee with reduced emissions towards selling carbon credits has taken its ...
Tam An
Coconut garden can yield $25,000 from carbon credit sale
Selling carbon credits is no longer far-fetched for Vietnam. The country earned trillions of dong from selling carbon credits in late 2023. Mekong Delta is not only a rice granary, but also the homeland of coconut trees. All parts of coconut trees, from trunks to ...
Tam An
Building carbon credit management mechanisms crucial: PM
Prime Minister Pham Minh Chinh emphasised the urgent need to develop a carbon market and carbon credit management mechanisms in his recently-issued directive.In Vietnam, since the mid-2000s, many businesses have rolled out carbon credit programmes and projects, notably those under the Clean Development Mechanism (CDM). ...
Carbon credit market offers sustainable revenue
There have been positive signs since the Vietnamese Government committed to the goal of Net Zero Carbon Emission in 2050.Statistics from the Center for People and Nature (under the Vietnam Union of Science and Technology Associations (VUSTA)) reveal that by the end of November 2022, ...
Translated by Thanh Tam
Localities expand activities to develop carbon credit market
Localities across the country are undertaking activities to develop the carbon credit market. The development of the carbon credit market is considered a concrete step towards policies on reducing greenhouse gas emissions, allocating emission quotas, carbon credit trading and creating green financial resources for Việt ...
Revenue from carbon credits distributed to localities
Vietnam has received a 51.5 million USD payment from the World Bank for verified emissions reductions – commonly referred to as carbon credits – for reducing 10.3 million tonnes of CO2 in the 2018-2024 period. According to Director of the Department of Forestry under the ...
Vietnam eats forests by planting large timber forests to sell carbon credits
In the story ‘We Have Eaten The Forest’ of a Montagnard village in the Central Highlands of Vietnam, ethnologist Georges Condominas tells about the ancient way of ‘eating the forest’, which is to preserve the forest culturally. Nowadays, the descendants of characters in the story ...
WB's 51.5-million-USD payment helping Vietnam reduce emissions
Vietnam has received a 51.5-million-USD payment for verified emissions reductions (carbon credits) for reducing deforestation and forest degradation (commonly known as REDD+) and for enhancing carbon stored in forests through reforestation and afforestation.This makes Vietnam the first country in the East Asia-Pacific to receive a ...
Vietnam capable of earning US$200 mln per year from carbon credit trade
Vietnam is capable of selling some 40 million carbon credits for a revenue of US$200 million annually, the Department of Forestry has calculated.It said the country has freshly signed an emissions reduction purchase agreement with Emergent, a non-profit intermediary engaging between tropical forest countries and ...
