Tin Thanh Group signs one billion tonne carbon offset deal

Tin Thanh Group signed the agreement with the Centre for Quality Certification and Business Development (QCC), which will measure and collect data on emissions sources and energy usage to ensure compliance with greenhouse gas inventory reports.

Under the agreement, the two sides will also facilitate the commercialisation of carbon credits on the Singapore exchange, laying the foundation for the purchase, sale, and trading of carbon credits by Vietnamese enterprises on the international market.

At the ceremony, Tin Thanh Group also signed a cooperation agreement to transfer 50 million carbon credits to the Quality Carbon Credit Exchange (TTS).

Tran Dinh Quyen, chairman of Tin Thanh Group, said that the application of carbon credits will help businesses make a difference through corporate social responsibility and expand their market vision.

Tin Thanh Group also announced the launch of a global carbon credit NFT marketplace. This innovative product stems from the application of digital and blockchain technology in buying, selling, and trading carbon credits.

Businesses will receive non-fungible asset tokens on the blockchain known as TTG NFT through one of the major global NFT marketplaces. Thus, Tin Thanh Group's customers can enjoy convenient transactions and attractive incentives.

The tie-up with TTS will not only lower carbon emissions, but also open up new opportunities for trade and investment. By leveraging the TTS platform, businesses can jointly reduce billions of tonnes of carbon emissions per year, thereby contributing to the fight against climate change.

In addition, TTS facilitates the transparent and efficient trading of carbon credits globally while pioneering the integration of NFTs into carbon credit transactions. This innovative approach not only enhances the liquidity and traceability of carbon credits, but also opens up new opportunities in sustainable finance and investing.

Furthermore, by embracing carbon credit trading, businesses can step up their game in the global market while contributing to the collective efforts to combat climate change.

Tin Thanh Group receives $6.4 billion to build factories in Vietnam and US A sum of $6.4 billion was invested in Tin Thanh Group, a pioneer in using renewable energy and reducing global emissions, by Acuity Funding on September 25 to implement one manufacturing project in Vietnam and two others in South Carolina in the United States.

TTG steps up green energy and emission cut ambitions Tin Thanh Group is known in Vietnam for its saturated steam production for industries such as food processing, rubber, paper production, packaging, and textiles, and a billion-dollar injection will help it towards a greener direction.

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.