“Việt Nam holds significant potential for generating carbon credit, but implementation has been hindered by the shortage of clear regulations, especially concerning payment levels and the cost associated with emissions measurement, reporting, verification and dispute resolution.
This highlights the pressing need for a well-defined legal framework to guide forest carbon projects and the issuance of carbon credits, ensuring an equitable distribution of benefits among the state, forest owners and other stakeholders” – Viet Nam News
Unlocking Carbon Credit Market With Legal Reforms
