forest carbon market

Update news forest carbon market

Vietnam completes legal framework for forest carbon market

Vietnam is pushing forward with efforts to establish a legal framework for the forest carbon market, aiming to mobilise new financial resources for sustainable forestry and climate goals.

Carbon market could bring hundreds of millions of dollars to Vietnam

If the carbon market in Vietnam is well managed and developed, it can bring in hundreds of millions of US dollars each year to the country.

Forest carbon trading nets Vietnam $51.5 million

Vietnam has successfully generated over $50 million by transferring 10.3 million tons of CO2 credits to the World Bank, reflecting the country's significant progress in forest carbon trading initiatives, according to the Forestry Department.