Article

Vietnam is set to enhance its international carbon trading efforts following the recent government approval for the transfer of one million tonnes of CO2 reductions to the International Bank for Reconstruction and Development. This transfer is part of a larger surplus of CO2 reductions, expected to generate significant revenue that will support local forest management and enhance the nation's green initiatives. Experts predict that Vietnam could sell an additional 40 million credits, potentially raising $200 million, while emphasizing the need for domestic capacity in carbon credit issuance.