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 forest owners, locals and communities to manage, protect and develop forests.
This marks the first implementation of an agreement on emission reduction in Vietnam, contributing to forest management, protection and the enhancement of people's lives.
Six provinces -- Thanh Hóa, Nghệ An, Hà Tĩnh, Quảng Bình, Quảng Trị and Thừa Thiên-Huế-- areparticipating in the agreement. Currently, these provinces have more than 3.1 million hectares of forested land, equivalent 58%.
