Rice cultivation is also said to benefit from the carbon credit scheme. Việt Nam is accelerating a project to develop one million hectares of high-quality and low-carbon rice fields in the Mekong Delta region.
Businesses need to have solutions and roadmaps to improve their competitiveness and innovate technology for green and sustainable production, thereby creating carbon credits.
Việt Nam has 14 million hectares of forests, which, if well-managed, offer opportunities for the country to capitalise on the carbon credit market, a dialogue heard in HCM City.
HCM 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 said.