Legal foundation for a carbon market in Vietnam
Myriad legal instruments have been introduced over the last few years as Vietnam prepares to establish and operate a carbon market.
Five targets made for environmental protection law
The Ministry of Agriculture and Environment has determined five strategic directions for amending and supplementing several articles of the Law on Environmental Protection.
Ho Chi Minh City needs to start carbon credit market quickly
On the sidelines of an investment conference centred around green growth on January 24, Muthukumara S. Mani, Lead Environmental and Climate Change Economist, Southeast Asia Region at the World Bank, spoke with VIR’s Bich Ngoc…
Pioneering force for green growth
Determined not to accept the model of “growing first, cleaning up later”, Vietnam hopes foreign direct investment (FDI) enterprises will be the "pioneering” force in implementing the green growth strategy.
Vietnam has great potential in development of carbon credit market
2023 marked a significant milestone for the forestry sector as Vietnam successfully sold 10.3 million forest carbon credits (10.3 million tonnes of CO2) for the first time through the World Bank (WB) for US$51.5 million.
Power cuts hurt economic growth
Sufficient power supply not only plays a strategic role in national defense and security, but also serves as the pivotal input for socio-economic development. Therefore, power outages can lead to an economic crisis.
Vietnam makes efforts to develop domestic carbon market
In the context that about 70 countries and territories have applied carbon pricing instruments, experts held that Vietnam should also apply such tools, especially by developing the domestic carbon market,…
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