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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
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Ho Chi Minh City
Tuesday, April 29, 2025

PM urges swift action on carbon credit system

The Saigon Times

Must read

HCMC – Prime Minister Pham Minh Chinh has issued a directive calling for urgent steps to establish a national carbon credit registry, aligning with Vietnam’s net-zero emissions goal by 2050.

The directive highlights the pivotal role of forests in Vietnam’s emissions reduction endeavors. The carbon credit system will oversee the nation’s emissions cut initiatives and facilitate carbon trading with international partners.

Relevant agencies are assigned with developing sector-specific strategies for emissions reduction and assessing the market’s readiness.

The Ministry of Agriculture and Rural Development will establish a database on forest carbon sequestration potential to streamline forest carbon credit trading.

The Ministry of Finance will build a comprehensive carbon market framework in Vietnam, drawing on international best practices to ensure effective implementation.

Provincial governments are tasked with evaluating local emissions reduction activities and identifying opportunities for carbon credit generation and trading.

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