Forestry is the only sector in Vietnam that has minus net emissions, with a surplus of 40 million tons of CO2 each year, which has been likened to a ‘gold mine’.

The Ministry of Finance (MOF) has proposed exempting tax on income gained from transfer of emission reduction certificates, carbon credits, and interest from green bonds.

The global carbon credit market, which Vietnam wants to join, is believed to have a value of $250 billion per annum by 2030, according to the International Emissions Trading Association (IETA).

Only in late 2025 will Vietnam begin allocating carbon credits for 20,000 hectares of rice fields.

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.

Under a plan of the Ministry of Finance (MOF), Vietnam would not sell carbon credits abroad in the first phase of the carbon credit market.

Growing low-carbon rice improves farmers' incomes as it reduces production costs and can also be used to sell carbon credits.

As Vietnam's airlines prepare to participate in the voluntary phase of the Corsia program, they face costs ranging from $4.6 million to $31 million for carbon credits. Will this lead to higher airfares?

From January 1, 2026, the CBAM will transition into its full operational phase, applying carbon taxes on regulated goods exported to the EU based on their greenhouse gas emissions during production.

The Ministry of Agriculture and Rural Development (MARD) and the World Bank are discussing a method on how to pay rice farmers for carbon credits.

The forestry alone can bring 57 million carbon credits, or 52 million tons of CO2, which Vietnam could sell to international organizations.

Carbon credits are very ‘hot’ in the market, according to Le Xuan Nghia, a respected economist, with many customers eyeing the 4.9 million carbon credits available in Vietnam.

A solar power plant in Khanh Hoa has been chosen as the sole provider of carbon credits from Vietnam for the Paris 2024 Olympics.

The Ministry of Industry and Trade has outlined tasks for related agencies to negotiate, sign, and implement agreements or contracts with international partners on carbon credit transfers.

One million trees planted on coffee monoculture hills in Quang Tri province are expected to create a vast forest in the future.

Cutting-edge technologies like AI and Blockchain are reshaping the fight against climate change, offering a pathway towards early climate analysis, enhanced carbon transparency, and mitigation of negative impacts.

Given the existing forested areas, developing carbon credits means unlocking the "gold mine" of natural resources that forest owners have long hoped to capitalize on.

Local people are happy and excited to benefit from forest protection and carbon credit sales in the coastal central province of Quang Tri.

Localities across the country are undertaking activities to develop the carbon credit market.