As climate change intensifies and the global push toward net-zero emissions gathers pace, Vietnam is gradually shaping its carbon market, with forestry identified as a key pillar thanks to forests’ long-term capacity to absorb and store carbon dioxide.

VOV.VN - The Voice of Vietnam online paper (VOV Online) will host a business forum in Hanoi on April 17 to seek ways to accelerate green economic development in Vietnam.

Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai on September 14 proposed the International Monetary Fund (IMF) help the city define orientations for economic restructuring, climate change response activities, and green economic development trends.

Finance Minister Ho Duc Phoc had a working session with a delegation of the EU-ASEAN Business Council (EU-ABC) in Hanoi on February 14, during which he expressed a hope that European businesses support and effectively invest in green economic development in Vietnam.

The Southeast region, with its role as an economic locomotive of the country, has accelerated the implementation of green economic development plans and strategies. The aim is to promote economic restructuring associated with changing growth models and integrating green growth into the socio-economic development plan.

Viewed as an attractive investment destination, yet Vietnam still needs more attention to green and low-carbon economic development so as to sustainably attract foreign direct investment (FDI), according to experts.