Biofuels are part of the country’s strategy to reduce greenhouse gas emissions.

Vietnam has received a US$51.5 million payment for verified emissions reductions for reducing deforestation and forest degradation (REDD+) and for enhancing carbon stored in forests through reforestation and afforestation.

Many localities have proposed adding transport vehicles to the list of subjects required to pay environmental protection fees.

Establishing and operating an online facility-level greenhouse gas inventory reporting system is crucial. This is also a significant challenge for Vietnam due to limitations in awareness and technical capacity at facilities and local levels.

Biomass co-firing technology at Vietnam's thermal power plants will significantly help reduce CO2 emissions while helping save hundreds of millions or billions of dollars, according to scientists.

VN is advised to promote the carbon credit market in the refrigeration and air-conditioning sector as one way to protect the ozone layer.

Vietnam has begun to develop carbon pricing instruments and an emission trading system (ETS) to incentivise firms to reduce their greenhouse gas (GHG) emissions and move towards the use of clean energy.

Many countries are now adopting emissions trading systems as a means to reduce annual emissions. Vietnamese firms, thus, must understand and participate in this market.