Singapore inks carbon credit pact with Vietnam, its second South-East Asian partner

The Merlion statue in the central business district of Singapore, on Saturday, May 17, 2025. Singapore’s constraints as a land-scarce island-state mean that it will likely have to turn to carbon credits to offset its carbon footprint. - Bloomberg

SINGAPORE: Vietnam has become the second South-East Asian country to seal a carbon trading agreement with Singapore after Thailand, expanding the Republic’s market for carbon credits generated in the region.

The bilateral agreement makes Vietnam the ninth country that the Singapore Government or carbon tax-liable firms here can buy eligible credits from, to offset a fraction of their planet-warming emissions.