Businesses in various sectors are piloting carbon credit projects as part of advancing Vietnam’s readiness for the opening of a carbon market.
Vietnam's long-term goal is connecting its carbon market to regional and global markets, including the EU, China, and South Korea.
The shift from gasoline and diesel-powered vehicles to environmentally friendly green energy could generate high-value carbon credits for Vietnam.
Decarbonisation became vital for the steel industry to enhance competitiveness while developed economies were taking steps to address carbon leakage risk.
Developing renewable energy resources is expected to help Vietnam reach its target of carbon neutrality by 2050, according to insiders.

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