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

MEMBER CORNER / PROMOTIONS

KING’S SPOTLIGHT: EXPERIENCE A KING’S CLASSROOM IN HO CHI MINH CITY

For the first time in Ho Chi Minh City, pupils can experience authentic lessons delivered by teachers from King’s College School, Wimbledon - the world’s top 5 school. Through engaging sessions in Logical Math and Language & Communication, pupils will discover how King’s nurtures curiosity, confidence, critical thinking and communication skills.

Jun 24, 2026

TECHNOLOGY

VIETNAM AIMS FOR 10 STRATEGIC TECH FIRMS WORTH $1 BILLION BY 2030

The plan, unveiled on June 17, seeks to drive the development of digital infrastructure, workers, data, strategic technologies, and cybersecurity during the 2026-2030 period. Under the scheme, large-scale strategic technology companies must meet several criteria simultaneously, including annual revenue of at least $1 billion and an average workforce of no fewer than 5,000 employees.

Jun 22, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

CAN THO EYES TRANSFORMATION INTO A MODERN INTERNATIONAL LOGISTICS HUB

With its extensively expanded economic space, Can Tho now possesses a range of strategic advantages, including an extensive road transport network with both north-south and east-west expressways; an inland waterway transport system; an international airport; a network of ports along the Hau River; a large concentration of industrial parks and agricultural and seafood processing facilities; and connectivity to the Mekong development corridor.

Jun 22, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HCMC APPROVES MAJOR PROJECTS WORTH VND155 TRILLION

The HCMC People’s Council has approved a series of major transport and urban redevelopment projects under public-private partnership (PPP), with preliminary investment estimated at nearly VND155 trillion. Resolutions passed at the closing session of the council’s third meeting for the 2021-2026 term on June 19 included two flagship transport projects.

Jun 22, 2026

VIETNAM ECONOMY INVESTMENT

CHINESE INVESTORS SEEK INVESTMENT OPPORTUNITIES IN BAC NINH

Many Chinese investors are accelerating their plans to expand investment and increase their presence in Bac Ninh by proposing new projects in key sectors such as high technology, electronics, AI, and digital infrastructure. Several large enterprises are also encouraging long-term investment plans in the locality. In late May, a delegation of Chinese enterprises met the province’s leadership to discuss policies related to energy storage, AI computing infrastructure, power supply capacity and industrial park resources.

Jun 22, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM ON TRACK TO TOP $1 TRILLION IN TRADE FOR FIRST TIME

With total import-export turnover reaching approximately $445 billion in the first five months of 2026, Vietnam is on track to surpass the $1 trillion trade milestone for the first time. Speaking at the seminar on export trends on June 17, Nguyen Tuan Viet, CEO of VIETGO, a company specialising in export consultancy and international trade matching, said exports continue to be one of the brightest spots of the economy and are making an important contribution to the government’s double-digit growth target.

Jun 22, 2026