Ecotree Group, a sustainable forestry company focusing on carbon removal and biodiversity preservation, will team up with Germany's NGUYEN GmbH Chau Au to implement a carbon dioxide reduction project in Vietnam under an agreement signed on May 31.
HCM City (VNA) – Ecotree Group, a sustainable forestry company focusing on carbon removal and biodiversity preservation, will team up with Germany's NGUYEN GmbH Chau Au to implement a carbon dioxide reduction project in Vietnam under an agreement s𒈔igned on May 31.
Under the project, Ecotree will plant 1 million ha of forest in Vietnam and manage them in line with European standard.
According to Le Thanh Tung, Chairman and General Director of Ecotree Group, its strategy is to attract foreign direct investment to Vietnam, contributing to boosting the country's socio-economic development and GDP growth.
To date, Ecotree has worked with 16 provinces and cities across the country, of which six have approved proposals on conducting surveys to pilot a carbon credit project for planted and natural forests.
He went on to say that Ecotree experts have begun conducting field surveys in some provinces such as Ca Mau, Gia Lai and Binh Dinh, which will serve as a foundation for signing cooperation agreements with local forest owners.
According to Raphael Thomas, an environmental expert, Vietnam has a very large forest area and great potential to develop the carbon credit market. He estimated that the project can absorb 12 million tonnes of CO2 each year and earn about 120 million EUR (130.4 million USD) per year.
Truong Thanh Ha, deputy head of Gia Lai province’s Forest Protection Department, spoke highly of the project, saying said that it does not only brings CO2 credits but also creates a better living environment, and improves income for people engaging in forest planting at the same time.
According to Ecotree Group, the CO2 reduction project will be deployed this year and its implementation results will be reviewed in each phase./.
Prime Minister Pham Minh Chinh emphasised the urgent need to develop a carbon market and carbon credit management mechanisms in his recently-issued directive.
2023 marked a significant milestone for the forestry sector as Vietnam successfully sold 10.3 million forest carbon credits (10.3 million tonnes of CO2) for the first time through the World Bank (WB) for 51.5 million USD, said Deputy Minister of Agriculture and Rural Development Nguyen Quoc Tri.
Mariam Sherman, World Bank Country Director for Vietnam, Laos, and Cambodia, said the World Bank remains committed to working with the Vietnamese government to develop the next phase of climate resilience and transformation for the Mekong Delta.
Under the directive, the PM instructed relevant agencies to regularly inspect, supervise and proactively implement disaster prevention, response and rescue measures in line with their assigned roles and mandates, ensuring readiness, avoiding passivity or delays, and maintaining operational continuity amid ongoing political and administrative restructuring at levels.
According to Dr. Vu Anh Tuan, Deputy Director General of the Vietnam Space Centre and head of the project, this is the first study in Vietnam to simultaneously employ Sentinel-2 satellite data, advanced machine learning algorithms, and the Google Earth Engine (GEE) cloud computing platform to model and monitor key seawater quality parameters.
The Deposit Return System is seen as a potential instrument for effectively advancing Vietnam’s vision of a circular economy, as outlined in Article 142 of the 2020 Law on Environmental Protection.
The figures were highlighted in a Pre-Feasibility Study on a DRS tailored for single-use beverage packaging in Vietnam, conducted by Eunomia Research & Consulting.
Young people should not view AI as salvation but rather as a tool under human control. Young creators should focus on learning and accumulating practical knowledge, using AI as a tool to carry out artistic projects in the most effective and cost-efficient manner.
Saigon Hi-Tech Park’s ambitious 50% renewable energy goal far exceeds the city’s 15% target, positioning the park as a trailblazing “living lab” for sustainable energy solutions.
Vietnam's economic losses from natural disasters are estimated to account for 1 to 1.5% of GDP annually - a steep price that will continue to rise unless the country takes strong action.
Wutip, the first storm in the East Sea so far this year, has wreaked havoc across central Vietnam, claiming lives, displacing residents, and causing widespread damage to houses, crops, and infrastructure, the Department of Dyke Management and Disaster Prevention and Control reported as of 6:30 pm on June 13.
The tremor occurred at 7:39:46 am (Hanoi time), with the epicentre located at latitude 14.924°N and longitude 108.236°E, at a depth of approximately 8.1 kilometres. The natural disaster risk level was classified as 0 – the lowest on the scale.
Addressing a session on “Accelerating Financing for Resilience: Tailored Solutions for Disaster Risk Reduction,” Deputy Minister Hiep emphasised Vietnam's proposal in building sustainable financing in response to natural disasters, which aligns with the Sendai Framework for Disaster Risk Reduction's goals.
Vietnam has demonstrated its strong commitments by participating in global sustainable development forums, signing multiple free trade agreements, and attracting support from international partners for the implementation of the SDGs.
The fight against plastic pollution could not succeed through isolated efforts, but it must be a collective endeavour involving the entire political system, businesses, citizens, and the international community, said Minister of Agriculture and Environment Do Duc Duy.
Lang Son Global Geopark, with its outstanding geological values, cultural heritage, and unique natural landscapes, represents a valuable addition to UNESCO’s global geoparks system.
In 2019, Quang Ninh became one of the first localities in Vietnam to launch a province-wide campaign against plastic waste, mobilising the participation of the political system, the business sector, and the general public. Other localities—such as Hai Phong, Da Nang, Binh Duong, and Ho Chi Minh City—have also effectively implemented waste-sorting initiatives at source, along with models for plastic-free markets and urban areas.
This year’s World Oceans Day on June 8 is themed 'Wonderful Oceans: Sustaining What Sustains Us', while World Environment Day is on June 5 with the theme: 'Beat Plastic Pollution'.
According to Director of the provincial Department of Agriculture and Environment Le Huu Toan, a fire prevention and control plan has been in place since the dry season began, including round-the-clock patrols and rapid-response teams to snuff out fires before they could spread.
Renowned artists including Ha Anh Tuan, Den Vau, and Phan Manh Quynh, along with many directors and attendees, took part in planting hundreds of rare tree species such as mun (Diospyros mun) and cho chi (Parashorea chinensis) in the Thung Bong area of the Cuc Phuong National Park, contributing to forest ecosystem restoration.
