The document stipulates several articles of the Law on Environmental Protection, and maps out a roadmap to the domestic carbon market foundation and development.

A carbon credit is a kind of permit that represents one tonne of carbon dioxide removed from the atmosphere.

From now until the end of 2027, the country will put forward regulations on the management of carbon credits, the exchange of GHG emission quotas and carbon credits, and the operation of a carbon credit exchange.

It will also carry out a pilot mechanism for exchanging and balancing carbon credits in potential areas, guide the implementation of the domestic and international carbon credit exchange and balance mechanisms in accordance with laws and international conventions to which Vietnam is a signatory.

Activities to raise capacity and awareness of carbon market development will be stepped up during this period.

The carbon trade exchange is expected to be put into official operation in 2028.

A carbon credit is a kind of permit that represents one tonne of carbon dioxide removed from the atmosphere. They can be purchased by an individual or, more commonly, a company to make up for carbon dioxide emissions that come from industrial production, delivery vehicles or travel.

World’s best rice from Vietnam gets trademark in EU, UK

The E.U. and the U.K. have approved the trademark for ST25, the Vietnamese rice variety that was adjudged the world’s best in 2019, within five months of submission.

Trade exchange held to connect Japanese, Vietnamese firms

Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade in collaboration with the Vietnam Trade Office in Japan on December 23 organised a trade exchange to connect businesses of Vietnam and Japan in the field of food processing.

Vietnam, RoK promote cooperation in trade, industry, energy

A Vietnam-RoK business seminar took place on December 22, on the occasion of Minister of Industry and Trade Nguyen Hong Dien’s working visit to the RoK.

Vietnam, Australia deepen trade ties

The Governments of Vietnam and Australia on December 21 announced their enhanced economic engagement strategy, and set out a roadmap to boost bilateral trade and investment ties.

Vietnam on world’s top 5 in global trade connectedness

Vietnam was listed on the world’s top 5 countries in global trade connectedness, according to the DHL Global Connectedness Index 2021 (GCI 2021) report which was jointly released by the US New York University Stern School of Business and Germany-based DHL Logistics Company.

Source: NDO