Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM TARGETS Q2 2026 COMPLETION OF FOREST CARBON CREDIT ISSUANCE
A view of a forest in the central region - PHOTO: GIANG NGUYEN
HCMC – The appraisal and issuance of Vietnam’s forest carbon credits for the 2021–2022 period are expected to be completed in the second quarter of 2026, paving the way for submissions for the next phase (2023–2025) in the third quarter of this year.
The timeline has been recently shared by Tran Quang Bao, director of the Forestry and Forest Protection Department under the Ministry of Agriculture and Environment, regarding progress in finalizing the legal framework for forest carbon absorption and storage services. The ministry is currently coordinating efforts to draft a decree governing these services, aimed at establishing a comprehensive legal corridor for localities and forest owners to implement in practice.
Notably, the draft decree is being revised to further decentralize procedures for issuing forest carbon credits to local authorities, simplifying administrative processes and accelerating implementation.
The issuance of the decree is expected to be the final piece in completing the legal framework for the forestry sector, following the establishment of regulations for five other forest environmental services. Once operational, the forest carbon market is expected not only to help Vietnam fulfill its international commitments to reduce greenhouse gas emissions under its Nationally Determined Contributions (NDCs), but also to generate new revenue streams and improve incomes for forest growers and protectors.
On international cooperation, Vietnam has signed a letter of intent with Emergent to transfer 5.15 million forest carbon credits in the Central Highlands and South Central regions. With a minimum expected price of US$10 per credit, the entire volume will be retained for inclusion in Vietnam’s NDC accounting.
Technical and institutional conditions are now in place for Vietnam to access payments from international funding mechanisms such as the Green Climate Fund and the LEAF Coalition once the forest carbon decree is approved by the prime minister.
Source: The Saigon Times
Related News
VIETNAM ECONOMY INVESTMENT
VIETNAM TARGETS 5,000 NEW AGRICULTURAL BUSINESSES BY 2031
Vietnam aims to support the establishment of at least 5,000 agricultural enterprises during the 2026-2031 period as part of efforts to build a digital agriculture sector and more sustainable value chains. The target was announced at the ninth National Congress of the Vietnam Farmers’ Union, which opened in Hanoi on June 8.
PROPERTY / INDUSTRIAL ZONE
HCMC TARGETS 181,000 NEW SOCIAL HOUSING UNITS BY 2030
HCMC plans to build more than 181,000 social housing units between 2026 and 2030, after completing nearly 17,900 units over the past five years, city officials said. Le Duc Anh, deputy head of the Housing and Real Estate Market Management Division under the city’s Department of Construction, said at a socio-economic press briefing in HCMC on June 4 that the city was stepping up efforts to expand social housing supply.
BANKING / FINANCE / INSURANCE / TAX
OUTSTANDING GREEN LOANS REACH VND828 TRILLION IN 2017-2025
Outstanding green loans in Vietnam have reached VND828 trillion, with 82 credit institutions now extending financing to environmentally sustainable projects. Growing at an average annual rate of more than 20% between 2017 and 2025, green credit has emerged as a key driver for mobilizing and allocating resources to support the country’s green transition and sustainable economic development.
BANKING / FINANCE / INSURANCE / TAX
AROUND VND33.6 TRILLION RAISED FROM G-BONDS IN MAY
The State Treasury raised VND33.63 trillion from Government bond (G-bond) auctions in May, completing 72% of its second quarter issuance plan and nearly one-third of its annual target. According to data released by the Hanoi Stock Exchange (HNX) on June 4, the exchange organized a total of 17 G-bond auctions on behalf of the State Treasury during May.
VIETNAM ECONOMY INVESTMENT
INDUSTRIAL OUTPUT POSTS STRONGEST FIVE-MONTH GROWTH IN FOUR YEARS
Industrial production rose 9.1% in the first five months of 2026 from a year earlier, marking the strongest growth for the period in four years, according to the National Statistics Office under the Ministry of Finance. The index of industrial production (IIP) increased in all 34 provinces and centrally governed cities during the January-May period.
HR / LABOUR/ EMPLOYMENT
VIETNAM’S HIRING OUTLOOK REMAINS POSITIVE IN Q3
Vietnam’s hiring outlook remains positive in Q3 2026, despite growing employer caution, according to the latest ManpowerGroup’s Employment Outlook Survey. The Q3 ManpowerGroup Employment Outlook Survey, conducted during April 1-30, 2026, gathered insights from more than 40,500 employers across 42 countries and territories.
Events Sponsors
