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.

VOV.VN - Vietnam is expanding cooperation with the United Nations Commission on International Trade Law (UNCITRAL) to enhance its capacity in international commercial law and promote the development of a cross-border carbon credit market.

A delegation from the Ministry of Finance led by Deputy Minister Ho Sy Hung has attended meetings with French agencies to learn experiences to prepare for the coming launch of a pilot carbon trade exchange in Vietnam.

VOV.VN - Deputy Prime Minister Tran Hong Ha has signed a decision approving a project on the establishment and development of a carbon market in Vietnam.

VOV.VN - Deputy Prime Minister Tran Hong Ha met with Russian Presidential Envoy Boris Titov in Hanoi on January 15, discussing cooperation within international frameworks aimed at achieving sustainable development goals.

Carbon is an intangible commodity, but it is a product with significant value and potential for investment and business opportunities.

The carbon market not only alleviates environmental pressure but also offers significant financial advantages, supporting businesses in adopting green technologies without bearing the full burden of costs, experts said at a discussion on Vietnam’s carbon credit exchange mechanism.

Vietnam will operate its carbon credit market on a trial basis during 2025-2028 without any sales to foreigners as well as regulations on credit exchanges with regional and global markets, heard a meeting in Hanoi on October 7.

With its tremendous potential in renewable energy and the carbon market, Vietnam will be highly attractive to investors, Deputy Prime Minister Tran Hong Ha stressed, while addressing a meeting in Hanoi on August 22 on seeking ideas towards completing a draft plan on carbon market development in Vietnam.

Vietnam's wood industry has opportunities to engage in the carbon market as the whole world is pushing ahead for a greener economy, heard a recent dialogue in Ho Chi Minh City.