The formation of the carbon credit market will help Vietnam achieve its net zero emissions goal by 2050. At the same time, Vietnamese businesses will also have many new opportunities from this hundred billion USD market.

Implementing green growth and sustainable development goals is a challenge but also an opportunity for the business community and investors in Vietnam, participants heard at a conference on November 16.

Vietnam has reviewed greenhouse gas emissions since 2010. However, due to the lack of requirements for reporting and assessing results, the data on emission reduction has yet to be fully compiled.

Deputy Prime Minister and Foreign Minister Pham Binh Minh has sent a message to the Second Berlin Climate and Security Conference which is held on June 24.

Vietnam is making all-out efforts to build a low-carbon economy towards green growth in order to realise the United Nations Framework Convention on Climate Change.

Prime Minister Nguyen Tan Dung attended the 21st Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCC) that opened in Paris on November 30.

An ASEAN declaration on climate change is expected to be scrutinised and approved at the 13 th ASEAN Ministerial Meeting on the Environment (AMME 13) in Hanoi from October 26 to 31.