Forests in Nam Tra My district in the central province of Quang Nam. (Photo: tuoitrenews.vn)
HCM City (VNS/VNA) – Vietnam’s is seeking investment inclean energy as part of its scheme to develop a carbon market in order toachieve net zero emissions by 2050.
Speaking at a recent meeting in HCM City, Karl Van den Bossche,Belgian ambassador to Vietnam, said Vietnam has potential to attract investmentin clean energy which has an important role in achieving net zero emissions.
"With the ambition to achieve net-zero emissions, the cost of Vietnam’sdecarbonisation roadmap by 2040 is estimated at a hefty 368 billion USD,"he said.
According to the World Bank, it will cost the country 6.8% of its GDP everyyear to achieve it. It mainly comprises the cost of renewable energy and managing thetransition away from coal, which could cost $64 billion for the 2022-40 period,it said.
The Government has approved a national action plan for green growth that seeksto reduce greenhouse gas emissions as a ratio of GDP.
These emissions have increased rapidly in the past three decades in directproportion to the country’s growth, experts said.
Vietnam has a high emission intensity per GDP unit compared to other countriesin the Southeast Asian region of around 0.35kg carbon-dioxide per 1 USD.
According to a recent report by the Ministry of Natural Resources andEnvironment, total emissions will reach 928 million tonnes of carbon-dioxideequivalent by 2030 and 1.5 billion tonnes by 2050 in a moderate scenario.
Experts proposed Vietnam promote the use of carbon pricinginstruments with a focus on developing a carbon market.
Le Xuan Nghia, former vice chairman of the National Financial SupervisoryCommission, said Vietnam has many advantages if it seeks to develop such amarket since it has 14.7 million hectares of forests.
The country has in place a legal framework and policies to establish a carbonmarket such as the 2020 Law on Environmental Protection.
The Ministry of Natural Resources and Environment will operate a carbon credittrading system to manage and monitor the market.
It will start trialling the carbon credit market in 2025 before setting up acarbon trade exchange in 2028.
A carbon market allows countries to sell to or buy from countries that emit moreor less than their committed target.
Vietnam is estimated to be able to sell 57 million carbon credits to internationalorganisations annually at 5 USD each./.
Lao Deputy Minister of Energy and Mines ChansaVath Bounpha has affirmed that energy transition with the use of hydrogen ammonia energy as clean energy to replace current sources is essential for Laos.
Head of the Party Central Committee’s Economic Commission Tran Tuan Anh held a working session with the Vietnam National Petroleum Group (Petrolimex) in Hanoi on March 31.
Deputy Prime Minister Tran Hong Ha stressed the need to incentivise the conversion of fossil fuel-powered vehicles to electric vehicles and other types of clean energy.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
Forests in Nam Tra My district in the central province of Quang Nam. (Photo: tuoitrenews.vn) 
