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 > Finance > Viet Nam eyes investment in clean energy to develop carbon market, achieve net zero emissions
FinanceNews

Viet Nam eyes investment in clean energy to develop carbon market, achieve net zero emissions

Viet Nam is seeking investment in clean energy as part of its scheme to develop a carbon market to achieve net zero emissions by 2050.

Vietnam News Agency 12/06/2023
SHARE
Forests in Nam Tra My District in the central province of Quang Nam. Viet Nam has the potential to develop a carbon market due to its large forest cover. (Photo tuoitrenews.vn)

Viet Nam is seeking investment in clean energy as part of its scheme to develop a carbon market to achieve net zero emissions by 2050.

Speaking at a recent meeting in HCM City, Karl Van den Bossche, Belgian ambassador to Viet Nam, said Viet Nam has potential to attract investment in clean energy which has an important role in achieving net zero emissions.

“With the ambition to achieve net-zero emissions, the cost of Viet Nam’s decarbonisation roadmap by 2040 is estimated at a hefty US$368 billion,” he said.

According to the World Bank, it will cost the country 6.8 per cent of its GDP every year to achieve it.

It mainly comprises the cost of renewable energy and managing the transition away from coal, which could cost $64 billion for the 2022-40 period, it said.

The Government has approved a national action plan for green growth that seeks to reduce greenhouse gas emissions as a ratio of GDP.

These emissions have increased rapidly in the past three decades in direct proportion to the country’s growth, experts said.

Viet Nam has a high emission intensity per GDP unit compared to other countries in the Southeast Asian region of around 0.35kg carbon-dioxide per $1.

According to a recent report by the Ministry of Natural Resources and Environment, total emissions will reach 928 million tonnes of carbon-dioxide equivalent by 2030 and 1.5 billion tonnes by 2050 in a moderate scenario.

Carbon market

Experts proposed Viet Nam promote the use of carbon pricing instruments with a focus on developing a carbon market.

Le Xuan Nghia, former vice chairman of the National Financial Supervisory Commission, said Viet Nam has many advantages if it seeks to develop such a market since it has 14.7 million hectares of forests.

The country has in place a legal framework and policies to establish a carbon market such as the 2020 Law on Environmental Protection.

The Ministry of Natural Resources and Environment will operate a carbon credit trading system to manage and monitor the market.

It will start trialling the carbon credit market in 2025 before setting up a carbon trade exchange in 2028.

A carbon market allows countries to sell to or buy from countries that emit more or less than their committed target.

Viet Nam is estimated to be able to sell 57 million carbon credits to international organisations annually at $5 each.

(VNS)

TAGGED:carbon market
SOURCES:BizHub
Previous Article Power transmission from Southern region eases Northern power shortage
Next Article Fair energy transition awaits financing
Latest
Tax rules revised to boost green vehicle production

Decree 199/2025/ND-CP, effective July 8, amends conditions under the existing tax incentive…

Unlocking the energy supply chain for Vietnamese enterprises

As Việt Nam accelerates its transition toward a low-carbon future, the restructuring…

Green transition in manufacturing: A sustainable development imperative

As the global economy undergoes sweeping transformation, the adoption of sustainable economic…

Vietnam mobilises over 7 billion USD for just energy transition

Vietnam has so far mobilised more than 7 billion USD for its…

Vietnam presents five proposals to protect environment, global health at BRICS Summit

Vietnamese Prime Minister Pham Minh Chinh put forward five key proposals on…

Vietnam steps up marine protection to support sustainable tourism

With over 3,260 km of coastline from the North to the South,…

Huế draws tourists with heritage and green tourism push

The number of visitors served by accommodation establishments in the central city…

Vietnam enhances energy cooperation with Japan

The Vietnamese Government encourages and supports Japanese enterprises to expand their investment…

Vietnam launches “No Plastic Bag Day” campaign

The campaign was initiated by the Institute of Agricultural and Environmental Strategy,…

Vietnam to join international carbon offsetting scheme for aviation

The International Civil Aviation Organisation (ICAO) has officially confirmed that the Civil…

Xem thêm

FinanceNewsPolicies

Ministry of Finance issues plan to develop carbon market

Vietnam Investment Review 11/06/2025
FinanceOpinionResources & Environment

Carbon market to accelerate Vietnam’s path to a net-zero economy

NetZero.VN 14/04/2025
EventsFinanceResources & Environment

Vietnam carbon market leveraging national low emission development

NetZero.VN 11/04/2025
FinanceNews

Vietnam learns from France’s experiences in carbon market management

NetZero.VN 05/04/2025
Facebook Instagram Linkedin Twitter Youtube
NETZERO.VN
  • About us
  • Our team
  • Strategic Partners
  • Contact
Infomation
  • Projects
  • 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