With the green growth model, the carbon credit market is the decisive economic tool to promote greenhouse gas reduction and climate response.

The Vietnamese government and businesses need to work together to build favourable legal frameworks to encourage more sustainable production and consumption models, said insiders.

Integrating greenhouse gas inventory into traceability systems helps businesses ensure supply chain transparency and control the amount of greenhouse gas emissions into the atmosphere.

To mitigate adverse impacts of natural disasters, organisations, enterprises, and people need to adopt a green lifestyle and improve their sense of responsibility towards efficient energy and water use.

The second phase of Vietnam's HCFC Phase-out Management Project has achieved many positive results, contributing to the protection of the ozone layer and helping the country fulfil its committed goals following the Vienna Convention and the Montreal Protocol.

Vietnam is set to participate in important initiatives at the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC), held in the UAE from November 30 to December 12, said Deputy Minister of Natural Resources and Environment Le Cong Thanh.

A representative of TH Group said that working towards “net zero” is the overall orientation for the entire enclosed production process, from green grass fields to clean milk, of TH true MILK.

The Just Energy Transition Partnership (JETP) provides important financial and technological solutions and should also be a target for the implementation of Power Development Plan VIII, Deputy Prime Minister Tran Hong Ha has said.

The Asian Development Bank (ADB) has recommended Southeast Asia accelerate decarbonisation of its global value chains (GVCs) as the region could face up to 30% GDP loss annually by 2100 due to climate change.

Deputy Prime Minister and Minister of Natural Resources and Environment Tran Hong Ha’s participation in the coming Asia Zero Emission Community (AZEC) Ministerial Meeting in Tokyo will affirm Vietnam’s resolve to realise its committements on greenhouse gas emission reduction and climate change response, as well as support for the Japanese Government’s initiatives towards net zero emissions.

Many programmes and projects have been issued by Ho Chi Minh City to reduce greenhouse gas (GHG) emissions and adapt to climate change in efforts to develop the southern metropolis into a low-carbon city.

Indonesia has set a target of issuing emission quotas for some coal-fired power plants within this month as a first step towards creating a mechanism for domestic carbon trading.

The “Corporate Leaders’ Forum on Climate Change and Circular Economy” was co-organised in Ho Chi Minh City on October 27 by the Ministry of Natural Resources and Environment (MONRE), the Vietnam Chamber of Commerce and Industry (VCCI) and the Japan Internation Cooperation Agency in coordination.

Moving to low-carbon rice production offers the highest potential for Vietnam to meet its goal of cutting methane emissions by 30% by 2030 while boosting the competitiveness of a strategic export item, a new World Bank report says.

Deputy Prime Minister Le Van Thanh has signed a strategy for sustainable development of agriculture and rural areas for 2021 - 2030, with a vision to 2050.

The Consultative Group on International Agricultural Research (CGIAR), the global largest agriculture innovation network, has implemented more than 100 projects in 40 provinces in Vietnam in the last five years with an investment of 24 million USD, benefitting more than 24 million people.

A kick-off meeting was held in Hanoi on March 15 to launch the project on reducing greenhouse gas (GHG) emissions in the transport sector, the Voice of Vietnam (VOV) reported.

Vietnam, as one of the most vulnerable countries to climate change, is set to develop a roadmap to implement market-based carbon pricing tools as part of its effort to reduce greenhouse gas (GHG) emissions.

The Ministry of Agriculture and Rural Development (MARD) and the World Bank (WB) - the trustee agency of the Forest Carbon Partnership Facility (FCPF) - signed an Emissions Reduction Purchase Agreement (ERPA) at a ceremony on October 22.

The Ministry of Construction has announced a national action plan on green growth in 2020-2030 focusing on reducing greenhouse gas (GHG) emissions and implementing the Paris Agreement.