Highlighting the country's commitment to developing green and sustainable agriculture, PM Chinh requested IFAD to increase preferential loans and promote non-refundable aid for projects applying scientific and technological innovations in agriculture, while helping Vietnam successfully carry out the one million hectares of low-emission, high-quality rice project.
Vietnam has received a payment of 51.5 million USD for verified emission reduction results achieved by reducing deforestation, forest degradation, and enhancing carbon storage through afforestation and reforestation.
The establishment of a carbon credit market will help enterprises gain a competitive edge when selling products to foreign countries, particularly those with strict requirements on sustainability, according to insiders.
A delegation from the Ministry of Finance (MoF), led by Minister Ho Duc Phoc, is paying a working trip to Australia from July 31 to August 3, aiming at further deepening and concretising the Vietnam - Australia comprehensive strategic partnership.
Ecotree Group, a sustainable forestry company focusing on carbon removal and biodiversity preservation, will team up with Germany's NGUYEN GmbH Chau Au to implement a carbon dioxide reduction project in Vietnam under an agreement signed on May 31.
