Vietnam to receive additional 5 million USD from carbon credit transfer
The World Bank agreed to purchase an additional 1 million tonnes of CO2 at 5 million USD as excess greenhouse gas emission reductions.
The World Bank agrees to purchase an additional 1 million tonnes of CO2 as excess greenhouse gas emission reductions in the north-central region. (Photo: VNA)
Hanoi (VNA) – Vietnam will receive 5 million USD between September and October from the additional transfer of 1 million tonnes of CO2 to the World Bank under the Government's recent resolution regarding the transfer of excess greenhouse gas emission reductions from the north-central region for the 2018-2019 period.
Le Van Thanh, Deputy Director of the Vietnam Forest Protection and Development Fund, stated that once the funding is received, it will report to the Vietnam Forestry Administration (Vnforest) to submit to the Ministry of Agriculture and Environment for approval of the overall financial plan and the financial plans for 2025 and 2026. This will ensure the timely distribution of ERPA (Emission Reductions Payment Agreement) funds for local areas, in accordance with the provisions of the Government's Decree No. 107/2022/ND-CP.
Regarding the revenue from the pilot transfer of emission reduction results and the financial management of the ERPA in the north-central region, the fund has already received a total of 51.5 million USD (1.256 trillion VND) from the World Bank. Of this amount, 1.213 trillion VND was distributed to Thanh Hoa, Nghe An, Ha Tinh, Quang Tri, and Hue city.
As of September 12, 2025, 975.08 billion VND had been disbursed by the localities, including 28.78 billion VND for management and 946.30 billion VND for forest owners, reaching 81.28% of the approved plan and 80.21% of the actual revenue collected.
The ERPA for the north-central region was signed on October 22, 2020 between the Ministry of Agriculture and Rural Development (now the Ministry of Agriculture and Environment) and the World Bank as entrusted by the Forest Carbon Partnership Facility to transfer 10.3 million tonnes of CO2, a result of greenhouse gas emission reduction over 2.15 million hectares of natural forests in the region during 2018–2024.
With a price of 5 USD per tonne of CO2, the transfer generated 51.5 million USD. About 95% of the transfer result will be returned to Vietnam to help with its nationally determined contributions to cut emissions.
♎ After that, the World Bank agreed to purchase an additional 1 million tonnes of CO2 as excess greenhouse gas emission reductions./.
A consultation workshop on the impact of carbon credit trading and Vietnam’s mitigation outcomes in international markets was held in Hanoi on August 20, the Southeast Asia Energy Transition Partnership (ETP) and the Department of Climate Change.
With its diversity, ranging from livestock, crop cultivation, and forestry, Vietnam’s agriculture sector has great potential to shift towards low-carbon emission production.
The agreement provides a bilateral legal framework enabling Vietnamese organisations and businesses to register greenhouse gas emission reduction projects and generate carbon credits that are recognised and transferable to Singapore.
By August 2025, Vietnam has eliminated around 240 million tonnes of CO2 equivalent through the management and phase-out of substances controlled under the Montreal Protocol.
The Deposit and Return System” (DRS) requires consumers to pay a small deposit when purchasing bottled or canned beverages, which they will reclaim when returning empty containers to designated collection points.
The yellow-cheeked gibbon, scientifically named Nomascus gabriellae, belongs to group IB in the list of endangered, precious and rare species according to the Ministry of Agriculture and Environment’s Circular No 27/2025/TT-BNNMT.
The elongated tortoise is one of the most beautiful and rare terrestrial tortoise species, listed in both the Vietnam Red Data Book and the IUCN Red List of Threatened Species.
The Con Dao National Park in Ho Chi Minh City has received five Nicobar pigeons (Caloenas nicobarica), a rare and endangered bird species, from the Con Dao Special Zone Economic Division after they were found injured and disoriented by local residents.
For many residents, the greatest expectation from LEZs is cleaner air. Vehicle exhaust has long been a pressing environmental issue for the city. Under current plans, by 2030 HCM City will have around 11.4 million motorcycles and 1.3 million cars.
The addition of nine new species not only expands the biodiversity database but also highlights the effectiveness of applying science and technology in biodiversity monitoring. This provides an important basis for developing strategies to conserve, restore, and sustainably manage the special-use forest ecosystem.
Hoa Lu was among 10 outstanding cities to receive the ESC Awards, which recognises its notable initiatives in sustainable tourism, environmental education, and awareness-raising in schools. The award highlights cities that demonstrate exceptional commitment to maintaining green, clean, and liveable environments.
At AMME-18, delegates approved six new ASEAN Heritage Parks, bringing the total number under the bloc’s protection to 69. Notably, Vietnam had three national parks recognised at the event, including Pu Mat National Park in the central province of Nghe An, Dong Nai Culture and Nature Reserve in the southern province of Dong Nai, and Xuan Thuy National Park in the northern province of Ninh Binh.
This event is expected to be an important foundation for member countries to build a unified and decisive voice at the upcoming 30th Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change (UNFCCC).
Over the past two years, numerous models have been launched, utilising technology and eco-friendly methods to reduce emissions while enhancing productivity and farmers’ incomes.
The municipal People’s Committee on August 29 opened the floor to public feedback on the draft, which enforces stricter emissions standards in line with Article 28 of the Capital Law.
As of 4am on August 31, the tropical depression is predicted to be in central Laos, moving west-northwest at 20km per hour and easing further into a low-pressure area.
Known as the “land of birds,” Thung Nham Bird Park, situated within the Thung Nham Ecotourism Area in Ninh Binh province, is the largest natural bird sanctuary in northern Vietnam and is actively managed and preserved.
As of 7pm on August 30, the storm is forecast to be on the mainland of central Ha Tinh and Quang Tri provinces, moving west-northwest at 20km per hour.
The Dugong (sea cow) population in HCM City’s Con Dao Island, the only known habitat of the species in Vietnam, is facing an alarming decline and could disappear entirely without timely intervention, according to conservation experts and local authorities.
This woody climbing shrub can grow up to five metres tall. Its leaves are alternate, obovate or oval in shape, while its flower clusters grow at branch tips or leaf axils, with funnel-shaped, dark purple corollas.
The Nha Trang Bay Management Board is authorised to retain 80% of the collected fees to fund its management activities, ensuring effective conservation and sustainable development of the bay’s natural heritage.
