VOV.VN - Vietnam is racing to complete a comprehensive legal framework to launch its national carbon market, a key step toward meeting its net-zero commitments and driving a low-carbon, competitive economy.

VOV.VN - Vietnam is set to participate in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) programme, starting January 1, 2026, according to the Civil Aviation Authority of Vietnam (CAAV).

Vietnam stands at a pivotal juncture as it seeks to actualise its net-zero carbon ambitions by 2050, with the launch of a domestic carbon credit market closely seen as a strategic instrument to catalyse greenhouse gas mitigation.

Prime Minister Pham Minh Chinh has called on the International Fund for Agricultural Development (IFAD)’s assistance for Vietnam to develop the carbon credit market and support farmers in remote areas.

Acting Chairman of the People's Committee of Quang Tri province Ha Sy Dong expressed his hope that the collaboration will effectively contribute to Vietnam’s and Italy’s international ecological environment commitments.

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 needs to establish a specific roadmap for the transition to green energy as well as design and manage the emissions trading system toward the official operation of the carbon market in 2028, according to experts.

Carbon credits could become a key measure of success in sustainable rice farming, according to Dr Nguyen Do Anh Tuan, Director General of the International Cooperation Department of the Ministry of Agriculture and Rural Development (MARD).

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.

VOV.VN - Vietnamese Deputy Prime Minister Nguyen Hoa Binh proposed five priority areas for cooperation between Vietnam and Hong Kong (China) to leverage the complementary strengths of the two economies at the ninth Belt and Road Summit on September 11-12.