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).

The total number of outstanding green loans in the Vietnamese banking system as of September 30, 2024 accounted for only 4.5 percent of the total outstanding loans in the national economy.

Businesses should conduct comprehensive renovation to make full use of opportunities brought about by the global green transition and sustainable development trend, advised experts.

Vietnam has gained the first harvests for the 1 million hectare high-quality low-emission cultivation pilot project and is entering the acceleration period. It is necessary to mobilize VND20 trillion more for the period.

Green transportation refers to the use of environmentally friendly modes of transportation that minimize emissions and reduce reliance on fossil fuels by using electric or hybrid vehicles.

Several coastal and island localities have developed strategies and action plans to raise environmental awareness and promote sustainable tourism, including implementing measures to reduce plastic waste.

To become a new "tiger" in Asia and a developed high-income country, Vietnam has no other choice than to join the group of leading countries in digital transformation and green transition.

Vietnam has emerged as one of regional leaders in Southeast Asia’s green economy transition progress.

Besides active moves from the Government to promote green transition, the need to change public awareness and accelerate green transformation is considered a vital factor for Vietnamese businesses if they don't want to be left behind.

Capital flows into Asia, particularly Vietnam, are driven by substantial infrastructure needs and the demand for green financing.

Silk Sense Hoi An has been pioneering a green hotel model. Under a well-designed roadmap, the resort has reduced plastic waste and has moved towards elimination of all waste.

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 US$51.5 million.

The formation of a carbon credit market is part of Vietnam's commitment to net-zero emissions and the use of economic tools to manage enterprises’ greenhouse gas emissions.

Vietnam is a littoral country with huge potential and advantages in order to develop the marine economy, including the fishery economy.

By enhancing capability, reforming institutions, continuing to exploit opportunities, and ensuring inter-sectoral cooperation, Vietnam can reach its zero net emission target and support energy transition goals.

Promoting green economy and mitigating the impact of climate change are the top urgent goals of the world, including Vietnam.

Green transition in the energy sector is a key trend in the world and is one of Vietnam’s current top priorities.

The Just Energy Transition Partnership (JETP) is offering significant opportunities for VN to secure external financial support to achieve its ambitious climate objectives, including funds from the UK for green transition and sustainable development.

The EU-Vietnam Free Trade Agreement (EVFTA) includes a chapter dedicated to sustainable development that covers not only environmental but also labor-related issues, said an official of the Ministry of Industry and Trade.