Carbon is an intangible commodity, but it is a product with significant value and potential for investment and business opportunities.

The carbon market not only alleviates environmental pressure but also offers significant financial advantages, supporting businesses in adopting green technologies without bearing the full burden of costs, experts said at a discussion on Vietnam’s carbon credit exchange mechanism.

Vietnam will operate its carbon credit market on a trial basis during 2025-2028 without any sales to foreigners as well as regulations on credit exchanges with regional and global markets, heard a meeting in Hanoi on October 7.

With its tremendous potential in renewable energy and the carbon market, Vietnam will be highly attractive to investors, Deputy Prime Minister Tran Hong Ha stressed, while addressing a meeting in Hanoi on August 22 on seeking ideas towards completing a draft plan on carbon market development in Vietnam.

Vietnam's wood industry has opportunities to engage in the carbon market as the whole world is pushing ahead for a greener economy, heard a recent dialogue in Ho Chi Minh City.

An ongoing training course on the emission trading system (ETS) and carbon market has gathered 145 participants from relevant state agencies, organisations, and enterprises, making the first capacity-building activity in Vietnam with participation from both public and private sectors.

As an emission trading system (ETS) will be piloted next year and officially operated in 2028, a training course has been held starting on February 26 in Hanoi to promote understanding of the carbon market and ETS for Vietnamese public and private stakeholders.

VOV.VN - Green transformation is viewed as a new source of motivation for rapid and sustainable growth, said Vietnamese Deputy Minister of Foreign Affairs Nguyen Minh Vu during a recent seminar on developing the carbon market entitled “International experience and policy implications for Vietnam” which was held in Hanoi.

VOV.VN - Minister of Finance Ho Duc Phoc expressed Vietnam’s desires to enhance finance cooperation with Australia, Japan and Singapore during his separate meetings with financial leaders of the three countries on the sidelines of the APEC Finance Ministers’ Meeting 2023 in San Francisco, USA, on November 12.

VOV.VN - Australia wishes to increase cooperation with Vietnam in areas that are Australia’s strengths, Minister for Foreign Affairs Penny Wong said ahead of her departure to Vietnam for an August 21-24 working visit.