A $2-million green banking initiative launched to advance climate finance in Vietnam
Funded by the Government of Japan through the Japan Fund for Prosperous and Resilient Asia and the Pacific (JFPR), the initiative aims to strengthen green banking practices and enhance the capacity of Viet Nam's banking sector to scale up green and climate finance.
Pilot 2026 GHG emission quotas to be allocated
The approved pilot quotas will be allocated to 110 key facilities, including 34 thermal power plants, 25 steel production facilities, and 51 cement production plants.
What should VN do to join the $250 billion carbon credit market?
The global carbon credit market, which Vietnam wants to join, is believed to have a value of $250 billion per annum by 2030, according to the International Emissions Trading Association (IETA).
Supporting a green strategy for the automotive industry
With 6.5 million cars and 74 million motorcycles, Vietnam is the second-largest emitter of greenhouse gases (GHGs) from road transport in Southeast Asia, following Indonesia. Emissions from road vehicles in the country are rising rapidly,…
Revealing the truth about the carbon credit market
Carbon credits have recently made headlines in Vietnam, with the concept often surrounded by overblown expectations of an easy option, or suspicions of what feel unlikely attempts to cancel out greenhouse gas emissions.
Studies underway to guide Vietnam’s energy transition
Vietnam is being encouraged to craft a clear roadmap for the transition of Vietnam’s coal-fired power plants, which are facing risks of closure.
Vietnam takes steps towards net zero emissions
The issuance of the national plan on the implementation of the Glasgow Leaders’ Declaration on Forests and Land Use is another step taken by the Vietnamese Government towards achieving net…
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