The development of a carbon market is a crucial tool contributing to the national greenhouse gas emission reduction process. Establishing and operating this market will provide an opportunity to mobilize social capital for greenhouse gas mitigation activities.

Green development, energy transition, and greenhouse gas emission reduction are inevitable, irreversible trends that Vietnam must take part in. They are also an opportunity to develop and restructure the economy in a green, clean and sustainable direction.

Deputy Prime Minister Tran Hong Ha on January 8 requested the comprehensive development of a carbon credit market when chairing a meeting on the establishment of the market in Vietnam.

An appreciation day for coffee farmers took place in the Central Highlands province of Gia Lai on November 7, in conjunction with the launch a project on enhancing capacity and accessing production support resources for coffee production in indigenous communities, promoting emission-reducing coffee production methods in compliance with the EU Deforestation-free Regulation (EUDR) in Gia Lai and Kon Tum provinces.