Vietnam focuses on afforestation to capitalise on carbon credits

This aerial photo shows the newly constructed Bach Long glass bridge in Moc Chau district in Vietnam's Son La province on April 29, 2022. (Photo by Nhac NGUYEN/ AFP)

QUANG BINH: With a vast forest area of 590,000ha, Quang Binh central province ranks second in the country in terms of forest coverage with 68%, representing significant potential for generating forest carbon credits and giving the opportunity for the province to participate in the forest carbon credit market.

Director of the provincial Agriculture and Rural Development Department Mai Van Minh said Quang Binh will receive 235 billion dong for reducing more than 2.4 million tonnes of carbon dioxide emissions from 2023-2025.