2023 marked a significant milestone for the forestry sector as Vietnam successfully sold 10.3 million forest carbon credits (10.3 million tonnes of CO2) for the first time through the World Bank (WB) for 51.5 million USD.

This is the first agreement on emission reduction to be successfully implemented in Vietnam, contributing to forest management and protection and improving people’s lives.

 The vast majority of carbon credits generated by Russia and Ukraine did not represent cuts in emissions, according to a new study.