News
Vietnam will run carbon trade exchange in 2028
Vietnam will officially run a carbon trade exchange in 2028, according to a draft project on the development of a carbon market in Vietnam conducted by the Ministry of Natural Resources and Environment. According to the draft, Vietnam will pilot the operation of this carbon ...
Carbon credits take root in agriculture sector
Carbon credits are gaining traction in the agriculture sector as an instrument to promote sustainable farming practices and improve farmer income. The World Bank would raise $40 million between 2023-2024 and $60 million between 2025-2026 to pay for the carbon credits generated by the one million ...
Vietnam to pilot carbon credit trade from 2025
A seminar on opportunities for developing a carbon market in Vietnam took place in Hanoi on April 20.Jointly hosted by Giao thong (Transport) Newspaper and Green Innovation and Development Centre (GreenID), the event focused on roadmaps for developing the domestic carbon market, and policy recommendations ...
Carbon market development helps reduce greenhouse gas emissions
By developing and operating the domestic carbon market, Vietnam will effectively reduce carbon emissions. This will happen due to the increase in compatibility with international carbon pricing mechanisms, link with international and regional carbon markets, and increase competition among Vietnamese products, according to experts.Assoc. Prof. ...
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 ...
Pham Chieu
Vietnam will likely pilot carbon credit market by 2025: ministry
With its large forest reserves, Vietnam has great potential for developing a forest carbon credit market, and a “draft project to develop the carbon market in Vietnam” with a view to piloting a carbon credit exchange by 2025 was already submitted to the prime minister for ...
Vinh Tho - Quang The - Le
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 ...
