Vietnam needs to establish a specific roadmap for the transition to green energy as well as design and manage the emissions trading system toward the official operation of the carbon market in 2028, according to experts.
Prime Minister Phạm Minh Chính has said we must "breathe life into the rice plants," instilling new vitality in the rice industry through digital technology, green development, circular economy, and innovation.
Another obstacle is the lack of clear incentives for farmers to adopt low-emission farming methods. Without specific policies encouraging these changes, many farmers remain reluctant to abandon traditional high-emission practices.
In 2023, Việt Nam earned over US$50 million by transferring more than 10 million carbon credits, prompting efforts to develop the legal framework and address the need for both the quality and quantity of human resources in this growing market, experts discussed at a conference in HCM City.
