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Vietnam’s Tin Thanh Group has collaborated with Centre for Quality Certification to conduct carbon inventory and convert an annual reduction of 1 billion tons of carbon dioxide into NFTs.

There is widespread belief that Vietnam is undervaluing its carbon credits, priced at just $5 each, but the Ministry of Agriculture and Rural Development (MARD) has refuted these claims.

Vietnam has received more than 41 million U.S. dollars from selling forest carbon credits as part of an emission reduction deal with the World Bank. The money is transferred to localities to pay locals and communities to protect forests.

In recent years, there has been a significant surge in demand for green loans in Vietnam. Many banks are not only allocating their capital for green and sustainable development projects but also seeking support from foreign Development Finance Institution

CT Group became the first Vietnamese firm to begin a voluntary carbon emissions exchange in response to global trade policies and to promote a low-carbon emission economy.

The Vietnamese Ministry of Finance recommends collecting emissions protection fees and encouraging technological investment in emission facilities, aligning with the party's and government's environmental protection policies.

The potential for a carbon market in Vietnam is huge. The growing need for efficient exchange and purchase mechanisms has sparked active discussions on establishing a domestic carbon credit exchange.

After being approved by the Vietnamese Congress, Ho Chi Minh City will pilot a " Carbon Credit Exchange and Clearing Mechanism", starting from August 1st.

Vietnam’s is seeking investment in clean energy as part of its plan to develop a carbon market for the purpose of meeting net zero emissions by 2050.

Vietnam plans to officially run a carbon trade exchange in 2028, according to a draft carbon market project in Vietnam conducted by the Ministry of Natural Resources and Environment.