Vietnam is pushing forward with efforts to establish a legal framework for the forest carbon market, aiming to mobilise new financial resources for sustainable forestry and climate goals.

Vietnamese Minister of Agriculture and Rural Development Le Minh Hoan met with Cambodian Minister of Agriculture, Forestry and Fisheries Dith Tina in Phnom Penh on November 21 on the occasion of National Assembly Chairman Vuong Dinh Hue’s trip to Cambodia.

Vietnam aims for a growth at 5%-5.5% each year in forestry production in the 2021-2025 period, according to a Government resolution approving the investment policy for the sustainable forestry development programme in the next five years.