Gov’t approves Viet Nam-Singapore carbon credit agreement

VGP - The Government has issued a Resolution approving the agreement on the implementation of Article 6 of the Paris Agreement between the Governments of Viet Nam and Singapore.

Posts Thuy Dung

August 19, 2026 3:20 PM GMT+7

Viet Nam gains nearly US$72 million from carbon credit
Carbon credit management to be strengthened towards NDC implementation
Viet Nam earns US$51.5mn from first forest carbon credit sale

Viet Nam and Singapore signed the agreement on September 16, 2025.

The signing of the agreement underscores the pioneering role and commitment of Viet Nam and Singapore to close cooperation in international carbon market, making a substantive contribution to global efforts to address climate change.

The agreement establishes a binding bilateral legal framework, enabling Vietnamese organizations and businesses to develop greenhouse gas emission reduction projects, generate carbon credits that meet international standards, and transfer eligible credits to Singapore./.

Gov’t approves Viet Nam-Singapore carbon credit agreement

VGP - The Government has issued a Resolution approving the agreement on the implementation of Article 6 of the Paris Agreement between the Governments of Viet Nam and Singapore.

Viet Nam gains nearly US$72 million from carbon credit

Carbon credit management to be strengthened towards NDC implementation

Viet Nam earns US$51.5mn from first forest carbon credit sale