Ho Chi Minh City pushed to adopt carbon credit market

Vietnam, which has an economy heavily reliant on coal, has committed to reaching net-zero carbon emissions by 2050. - Photo - The Straits Times/ANN

HO CHI MINH CITY: Ho Chi Minh City needs to adopt policies and channel financial resources to develop a carbon credit market in an effort to cut greenhouse gas emissions and respond to global warming, experts say.

Speaking at a seminar, Dr Su Dinh Thanh, director of the University of Economics Ho Chi Minh City, the event’s organiser, said it was vital for the city to establish a carbon credit market to shape standards and trends for other localities to promote the carbon market.