vinfast transforms business growth plan

VinFast transforms business growth plan

VinFast is expanding its global market presence by exploring carbon credits as a new revenue stream while advancing facilities to boost its international production capabilities.
vietnam to strengthen carbon credit management

Vietnam to strengthen carbon credit management

Prime Minister Pham Minh Chinh has urged ministries to work with relevant agencies to reach deals with international partners to develop a carbon credit market, reduce greenhouse gas (GHG) emissions, allocate emission quotas, and create green financial resources for Vietnam.
canada asean consolidate climate change response economic cooperation

Canada, ASEAN consolidate climate change response, economic cooperation

The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
citi wins three environmental finance awards

Citi wins three Environmental Finance awards

Citi was recognised by Environmental Finance magazine, a leading publication in the sustainable debt finance market, as lead manager of the year for corporate green bonds, lead manager of the year for corporate sustainability bonds and lead manager of the year for supranational, sub-sovereign and agency green bonds.
tin thanh group signs one billion tonne carbon offset deal

Tin Thanh Group signs one billion tonne carbon offset deal

Tin Thanh Group held a signing ceremony on April 9 to offset one billion tonnes of carbon annually and launch a global carbon credit non-fungible tokens (NFTs) marketplace.
wbs 515 million usd payment helping vietnam reduce emissions

WB's 51.5-million-USD payment helping Vietnam reduce emissions

Vietnam has received a 51.5-million-USD payment for verified emissions reductions (carbon credits) for reducing deforestation and forest degradation (commonly known as REDD+) and for enhancing carbon stored in forests through reforestation and afforestation.
vietnam capable of earning 200 million usd per year from carbon credit trade

Vietnam capable of earning 200 million USD per year from carbon credit trade

Vietnam is capable of selling some 40 million carbon credits for a revenue of 200 million USD annually, the Department of Forestry has calculated.
fpt is and carbon ex driving carbon credit market

FPT IS and Carbon EX driving carbon credit market

FPT IS and Carbon EX, a carbon credit trading platform and renewable energy certificate issuer in Japan, signed an MoU to collaborate in providing services and solutions to promote carbon credit projects adhering to global standards such as Verra Carbon Standard, Gold Standard, and J-Credit.
ho chi minh city needs to start carbon credit market quickly

Ho Chi Minh City needs to start carbon credit market quickly

On the sidelines of an investment conference centred around green growth on January 24, Muthukumara S. Mani, Lead Environmental and Climate Change Economist, Southeast Asia Region at the World Bank, spoke with VIR’s Bich Ngoc on the importance of the Vietnam’s carbon credit market development.
world bank to support ho chi minh city on carbon credits

World Bank to support Ho Chi Minh City on carbon credits

The opportunities and challenges presented by operating a carbon credit market in Ho Chi Minh City in line with the World Bank were the main talking points of a meeting on January 24 between Chairman of Ho Chi Minh City People's Committee Phan Van Mai and World Bank experts at an investment conference centred around green growth on January 24.
vietnam seals major carbon credit deal fetching 53 million

Vietnam seals major carbon credit deal, fetching $53 million

Vietnam has successfully executed a landmark transaction, selling 10.3 million tonnes of CO2 emission credits to the World Bank for nearly VND1.25 trillion VND ($52.74 million), as confirmed by the Ministry of Agriculture and Rural Development to the prime minister on December 28.
quang binh receives over 338 million usd from selling carbon credit

Quang Binh receives over 3.38 million USD from selling carbon credit

The central province of Quang Binh got more than 82 billion VND (3.38 million USD) for its efforts to reduce greenhouse emissions in 2023, becoming the first locality in Vietnam to receive payment under the Emissions Reduction Purchase Agreement (ERPA).
carbon market to scale investment required for climate finance

Carbon market to scale investment required for climate finance

Vietnam is making significant progress in creating a carbon trading market. According to the Ministry of Natural Resources and Environment’s proposed roadmap, the country will start piloting a carbon credit exchange by 2025 and is expected to begin official operations from 2028.
the correct path to a low carbon market for vietnam

The correct path to a low-carbon market for Vietnam

Vietnam is striving to build a carbon credit market, attracting interest among stakeholders. Marc Stuart, founding partner and CEO of clean energy advisors Allotrope Partners, spoke with VIR’s Bich Thuy about how various partnerships can support this mission.
cop28 faces debate over controversy mired carbon credits

COP28 faces debate over controversy-mired carbon credits

Controversial credits bought by corporations to offset their carbon emissions will be in the spotlight at UN climate talks next month.