Vietnam’s carbon market may yield hundreds of millions in revenue

HANOI: If the carbon market in Vietnam is well managed and developed, it can bring in hundreds of millions of US dollars each year to the country, help protect forests, create a sustainable source of finance, and support local communities living near forests.

That was the message from Tran Quang Bao, director of the Vietnam Department of Forest speaking at a workshop on “Forest Carbon – Potential to Create New Financial Sources for Forest Protection and Development” here last Thursday.