By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NetZero.VN - Net Zero Viet NamNetZero.VN - Net Zero Viet NamNetZero.VN - Net Zero Viet Nam
  • English
    • Tiếng Việt
  • Home
  • News / Events
    • Events
    • Cà phê Net Zero
    • Net Zero Talks
  • Opinion
  • Projects
  • Forums
  • Topics
    • Agriculture – Forestry
    • Construction & Transport
    • Culture, Sports, Tourism
    • Education & Communication
    • Energy
    • Finance
    • Industry
    • Policies
    • Resources & Environment
    • Science & Technology
    • Sustainable Development
  • Multimedia
    • Podcast
    • Videos
    MultimediaShow More
    [HTV] Net Zero Through Heritage
    NetZero.VN 11/03/2025
    Carbon credit market: New opportunities for Vietnamese businesses
    Vietnam News Agency 29/05/2024
    Vietnam works to prevent biodiversity degradation
    Vietnam News Agency 16/04/2024
    Vietnam develops offshore hydrogen production
    Vietnam News Agency 10/03/2024
    Green energy – A trend in sustainable development
    Vietnam News Agency 07/01/2024
  • Resources
    • Legal documents
    • Presentations
    • Publications
    • Reports
Notification Show More
Font ResizerAa
NetZero.VN - Net Zero Viet NamNetZero.VN - Net Zero Viet Nam
Font ResizerAa
  • English
    • Tiếng Việt
  • Home
  • News / Events
    • Events
    • Cà phê Net Zero
    • Net Zero Talks
  • Opinion
  • Projects
  • Forums
  • Topics
    • Agriculture – Forestry
    • Construction & Transport
    • Culture, Sports, Tourism
    • Education & Communication
    • Energy
    • Finance
    • Industry
    • Policies
    • Resources & Environment
    • Science & Technology
    • Sustainable Development
  • Multimedia
    • Podcast
    • Videos
  • Resources
    • Legal documents
    • Presentations
    • Publications
    • Reports
Follow US
© 2023-2025 NetZero.VN | Net Zero VietNam JSC. All Rights Reserved.
NetZero.VN - Net Zero Viet Nam > Topics > Resources & Environment > Việt Nam commits to reduce emissions by 2030
NewsResources & Environment

Việt Nam commits to reduce emissions by 2030

For several years, the expansion of forest coverage has allowed Việt Nam's forestry sector to meet its emission reduction commitments, presenting substantial potential for involvement in both domestic and global carbon markets, noted Trần Quang Bảo, the director of the Việt Nam Department of Forest (DoF).

Vietnam Economic News 02/10/2023
SHARE
Lung Ngọc Hoàng Forest in the southern province of Hậu Giang. (Photo: Duy Khương, VNA/VNS)

At a national event in Hà Nội on September 27, co-hosted by DoF and Emergent, the LEAF Coalition’s co-ordinator, Bảo emphasised that Việt Nam has demonstrated a robust commitment to the global effort against climate change. Specific measures include signing the Paris Agreement on Climate Change in 2015, pledging to achieve net-zero emissions by 2050, and engaging in numerous climate initiatives such as REDD, the Declaration on Forests and Land Use, and the Leadership Partnership on Forests and Climate.

Regarding its pledge to curtail emissions as part of its nationally determined contribution (NDC), Việt Nam is targeting a reduction of emissions by 15.8 per cent (equivalent to 146 million tonnes of CO2) through domestic resources. Additionally, it seeks a 43.5 per cent cut (corresponding to 403 million tonnes of CO2) with the aid of international support by 2030, Bảo added.

Accordingly, the Vietnamese Government has assigned ministries to implement the emission reduction target by 2030, of which the agriculture and rural development sector is 129.8 million tonnes of CO2, Bảo said.

On that basis, the Ministry of Agriculture and Rural Development has assigned the forestry and land use sector to reduce a minimum of 39.31 and 79.1 million tonnes of CO2 by 2025 and 2030, respectively.

In Việt Nam, according to the provisions of the Forestry Law, forest carbon absorption and storage services are a type of forest environmental service. This is a new type of service with much potential and opportunities for Việt Nam to mobilise additional financial resources for the forestry sector, invest directly in forests, attract rural workers, create jobs, increase income, and improve livelihoods for forest owners and rural people. It also contributes to protecting existing forest areas, improving quality, and enhancing the protective function and ecological value of forests.

At COP26 in Glasgow, Emergent and the Ministry of Agriculture and Rural Development of Việt Nam (MARD) signed a Letter of Intent (LOI) under which they agreed to initiate negotiations for an emission reduction purchase agreement (ERPA) for Việt Nam to supply jurisdictional REDD+ credits to the LEAF Coalition.

Accordingly, Việt Nam aims to sell 5.15 million tonnes of CO2e to the LEAF Coalition at a guaranteed floor price of US$10 per tonne of CO2e between 2022-2026.

Such emission reductions are expected to be generated from 4.26 million ha of forest, including 3.24 million ha of natural forest and 1.02 million ha of plantation forest, in the Central Highlands and the Southern Central Coast regions.

The objective of the LEAF information-sharing event is to share information about LEAF with ethnic minorities, local communities, development partners, and other key stakeholders in jurisdictions, such as Việt Nam, which are preparing to negotiate and sign Emissions Reduction Purchase Agreements (ERPAs).

Information-sharing events are an opportunity for key stakeholders in credit-generating programmes to ask questions and provide feedback.

More than 100 participants, comprising representatives of ethnic minorities and local communities at the national and provincial levels, attended the LEAF information-sharing event.

The LEAF Coalition brings together forest nations, companies, and donor governments to facilitate transactions of high-integrity jurisdictional forest carbon credits, issued by the independent Architecture for REDD+ Transactions (ART) programme under the REDD+ Environmental Excellence Standard (TREES standard).

(VNS)

TAGGED:net zero vietnam
SOURCES:Vietnam Economic News
Previous Article VN initiates anti-dumping investigation wind towers imported from China
Next Article Vietnam develops smokeless vehicles, considers hydrogen fuel cell cars
Latest
Cà Mau Province household waste sorting protects environment

Many rural communities in Cà Mau Province have gradually developed the habit…

New solution to reduce plastic waste in Vietnam

A well-designed Deposit Return System (DRS) can be a game-changer for Vietnam…

Shaping Việt Nam’s carbon credit market demands robust institutional framework

Việt Nam stands at a pivotal juncture as it seeks to actualise…

“Made in Vietnam Energy” dialogue held in Hanoi

The "Made in Vietnam Energy" dialogue was co-organized in Hanoi on June…

Vietnam sharpens focus on offshore wind

A meeting on June 11 brought together Vietnamese authorities and international partners…

VSBF 2025 tackles governance and sustainability challenges

In an era marked by climate disruption, geopolitical volatility, and shifting stakeholder…

A new symbol of responsible production

Vietnam’s rice industry marked a significant milestone on June 5 with the…

Plan to limit fossil-fuel vehicles in urban districts of Hà Nội cannot be delayed too long

Hà Nội's municipal authorities held a working session on Monday with the…

Việt Nam moves towards renewable energy hubs

Experts from the German Agency for International Cooperation (GIZ) have recommended that…

Vietnam launches first phase of emissions trading scheme

Under the scheme, Vietnam's steel, cement and thermal power producers will be…

Xem thêm

Education & CommunicationOpinion

Vietnam needs decisive action to achieve net zero goal

NetZero.VN 18/03/2025
NewsPoliciesResources & Environment

Vietnam underlines net-zero desire

Vietnam Investment Review 26/12/2024
OpinionPoliciesResources & Environment

New rules of the game in the quest for net zero emissions by 2050

NetZero.VN 12/12/2024
FinanceOpinionPolicies

Transforming financial mechanism for net zero

NetZero.VN 15/08/2024
Facebook Instagram Linkedin Twitter Youtube
NETZERO.VN
  • About us
  • Our team
  • Strategic Partners
  • Contact
Infomation
  • Forums
  • Multimedia
  • Recruitment

Sign up for free

Subscribe to our newsletter

Join the community
© 2025 NetZero.VN | Net Zero VietNam JSC. All Rights Reserved.
Welcome Back!

Sign in to your account