Quang Ngai province in Vietnam has 825,851 hectares of forest, including roughly 604,000 hectares of natural forest and 222,000 hectares of planted forest. Local officials estimate these forests absorb and store about 2 million tonnes of carbon per year, which could translate into 2 million carbon credits. The province is also part of the LEAF initiative and expects to be allocated 1.13 million credits, but the article notes that estimated absorption does not automatically mean tradable credits. The path to actual carbon credit revenue depends on completing forest inventory data, meeting recognized standards, and building a credible MRV system. Quang Ngai is running a forest survey and inventory expected to be published in 2027. Pilot forest carbon projects are being developed at Dak To Forestry Company, Kon Ray Forestry Company, and Dak Ha Protective Forest Management Board, with a focus on natural forests and newly planted forests. Before any credits can be sold, projects must be verified and recognized by the competent authority. The article also stresses the need for transparency in revenue management and benefit sharing. For anyone tracking forest carbon supply in Vietnam, this is a concrete example of how a province moves from potential to project readiness.
