VOV.VN - Vietnam is in dire need of solutions to greenhouse gas emission reduction, and it hopes to receive financial and technology transfer assistance from international organisations and firms, including Astra Zeneca, to realise its climate goal.

Vietnam is currently devising a project to develop a domestic carbon market, focusing on the mandatory trading of GHG emissions quotas for industries and businesses in the domestic market, while also considering international market integration.

The State Securities Commission of Vietnam (SSC) in collaboration with the International Finance Corporation (IFC) held a ceremony in Hanoi on August 8 to launch a manual on greenhouse gas (GHG) emissions inventory and reporting.

Buyers of electric vehicles (EVs) could receive an incentive totalling US$1,000 per purchase.

Vietnamese enterprises in the auto industry are not deeply involved in the global supply chain. To become global suppliers, domestic enterprises must be consistent with the management culture and business philosophy of global manufacturers, experts have said.

Enterprises should look for niche markets to better cope with declines in exports in major markets.

Facing the impacts of climate change, raising people's awareness about recycling, and giving priority to environmentally friendly products using renewable energy must be prioritised by companies across Vietnam.

VOV.VN - Japan welcomes Vietnam’s energy transition efforts and desires to work closely with the Southeast Asian nation towards realizing Japanese initiated Asia-Zero Emissions Community (AZEC) goal, said Tadashi Meadea, governor of the Japan Bank for International Cooperation (JBIC).

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.

VOV.VN - Vietnamese Foreign Minister Bui Thanh Son on July 13 had brief meetings with US Secretary of State Antony J. Blinken and Josep Borrell, High Representative of the European Union for Foreign Affairs and Security Policy on the fringes of the 56th ASEAN Foreign Ministers’ Meeting (AMM-56) in Jakarta.