Technical Report: Review of Forest Carbon Credit Projects in Viet Nam

The Paris Agreement, adopted at COP21, aims to limit global temperature rise to no more than 1.5°C above pre-industrial levels. To achieve this goal, countries have committed to reducing greenhouse gas emissions through their Nationally Determined Contributions (NDCs). As a signatory to the Paris Agreement, Viet Nam has submitted its NDC and updated its emission reduction commitments, striving for net-zero emissions by 2050. In this effort, the land use, land-use change, and forestry (LULUCF) sector plays a crucial role as a carbon sink. At the same time, many forest carbon credit projects have been under development in Viet Nam and it is important to balance the interests and requirements of Viet Nam’s forest sector, its climate change commitments and international donors and buyers. 

This report reviews forest carbon credit projects in Viet Nam, assesses their potential contributions to the NDC, and proposes solutions for the sustainable development of a forest carbon market. It also examines opportunities, challenges, and carbon trading mechanisms suitable for Viet Nam’s context, supporting climate policies and attracting investment in forest conservation and development. 

Download

Vietnamese version