Under an agreement, Vietnam will transfer to LEAF/Emergent 5.15 million tons of CO2 in reduced emissions from forests in the south central region and Central Highlands to 2026. The price is at least $10 per ton of CO2.

Vietnam has received a 51.5 million USD payment from the World Bank for verified emissions reductions - commonly referred to as carbon credits - for reducing 10.3 million tonnes of CO2 in the 2018-2024 period.

Vietnam’s carbon market is expected to thrive in the near future, given that the country has large forest reserves and many corporations stand ready to pour billions of US dollar to purchase forest carbon credits from Vietnam.