Hanoi, Jan. 26 -- The Prime Minister has issued Decision No 232/QD-TTg to approve a project on the establishment and development of Vietnam's carbon market.

The project's primary goal is to establish a carbon market in Vietnam to help meet greenhouse gas (GHG) emission reduction targets set in the Nationally Determined Contributions (NDC), while minimising costs for businesses and society.

The initiative aims to create new financial flows for GHG reduction efforts, support the transition to green technologies, and enhance the competitiveness of Vietnamese businesses in both domestic and international markets.

The project is also designed to accelerate the development of a low-carbon economy and address climate change, working toward th...