VOV.VN - Vietnam earned US$51.5 million from selling 10.3 million forestry carbon credits last year, opening up a significant opportunity for the country to speed up the transition to green production.

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.

FPT Information System Company Limited (FPT IS) and Carbon EX have just signed a Memorandum of Understanding on cooperation in providing services and solutions to promote carbon credit projects.

Lilama 2 Technology International College in the southern province of Dong Nai on January 17 signed a contract with the UK’s BTEC Pearson on the transfer of training programmes in semiconductor technology and carbon credits.

Deputy Prime Minister Tran Hong Ha on January 8 requested the comprehensive development of a carbon credit market when chairing a meeting on the establishment of the market in Vietnam.

VOV.VN - For the first time Vietnam has sold 10.3 million forestry carbon credits (10.3 million tonnes of carbon dioxide CO₂) this year, bringing in US$51.5 million, according to the Ministry of Agriculture and Rural Development (MARD).

CT Group launched its ASEAN Carbon Credit Exchange Joint Stock Company (CCTPA) on September 29, becoming the first Vietnamese enterprise to kick off a voluntary carbon emissions exchange in an attempt to respond to trade policies on international environment, and to develop a low-carbon emission economy.

In light of Vietnam's projected generation of approximately 10.8 million voluntary carbon credits annually, there is a growing demand for efficient exchange and purchase mechanisms, prompting active discussions about the establishment of a domestic carbon credit exchange.

Vietnam’s is seeking investment in clean energy as part of its scheme to develop a carbon market in order to achieve net zero emissions by 2050.

VOV.VN - The Government on May 26 submitted a draft resolution on piloting a number of specific mechanisms for Ho Chi Minh City to the ongoing session of the National Assembly in the hope of creating breakthroughs in the development of the country’s largest financial and economic hub.