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Ahead of its 2024 Annual General Meeting of Shareholders, Vinamilk has announced that the Vietnam Beverage Factory has achieved carbon neutrality in accordance with the PAS 2060:2014 international standard...

Experts argue that carbon credits should be sold rather than banked because they have an expiration date, while others suggest setting up a fund to buy more before their future price increase.

Implementing greenhouse gas emission reduction measures through carbon credit exchange and offset mechanisms will present ample opportunities for Ho Chi Minh City, according to the Ho Chi Minh City Department of Natural Resources and Environment.

With 1ha of mangrove forest having the carbon absorption capacity equivalent to 5ha of terrestrial forest. This is the source of blue carbon credit - a high-end, expensive product of nature that Vietnam has great potential for.

The carbon credits market in Vietnam is designed to be in line with the practical conditions and development orientation of the country, committing to mitigate greenhouse gas emissions in line with international standards and the global carbon credits market trend. It aims to maximize the utilization of domestic economic resources in participating in greenhouse gas emission reduction activities.

The huge profits that come from selling clean air (reducing emissions) are sparking interest from organizations and businesses in every industry, not just projects that rely on nature like forest conservation, reforestation, carbon sequestration, biodiversity development, or CO2 removal technologies from landfills and water supply.

The carbon market in Vietnam is set to launch its pilot phase in 2025 and officially commence in 2028. Time is running out, with detailed policy mechanisms and the preparedness of businesses still lacking momentum. According to experts, for this mechanism to effectively function, political determination and active participation from multiple stakeholders are crucial.

Making money from selling forest carbon credits is not an easy task in reality.

After 15 years of operating in architecture and construction, our company has transformed into a pioneer in the emerging field of carbon credits in Vietnam. We have successfully established the first carbon credit trading platform in the country and positioned ourselves as a leading force in this sector. But what truly sets us apart is the expertise and capabilities of our executive team. How does our company's top management stack up?

In a world where many industries emit carbon, the timber industry stands out for its ability to carbon sink, effectively creating negative carbon emissions. This highlights the importance of sustainable logging practices and the production of wood-based products. The way we approach timber harvesting and the utilization of wood will greatly impact our carbon footprint in the future.