The Ministry of Agriculture and Environment is the sole authority empowered to issue and manage domestic codes and serial numbers for greenhouse gas emission quotas and carbon credits on the National Registry.
The move is seen as a strategic step toward gradually replacing fossil fuels, strengthening energy security, and delivering on Vietnam’s commitment to achieve net-zero emissions by 2050.
Many rural communities in Cà Mau Province have gradually developed the habit of sorting waste at source, thus shielding the environment and benefiting local residents.
Green logistics cannot take root or expand without decisive financial intervention, experts warned at a high-level seminar in Ho Chi Minh City.
The development of the carbon credit market is considered a concrete step towards policies on reducing greenhouse gas emissions, allocating emission quotas, carbon credit trading and creating green financial resources for Việt Nam.
In Việt Nam, listed companies must now include ESG information in annual reports or submit sustainability reports.
Vietnam will need about 400 billion USD between now and 2040 to respond to climate change, according to the Climate Change Department under the Ministry of Natural Resources and Environment.

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