Viet Nam is implementing Government Decree 180/2026 to create a formal legal structure for forest carbon absorption and sequestration services. This framework is set to take effect in July, providing a regulated basis for carbon credit transactions within the country's forestry sector. The move aims to formalize how forest carbon services are provided and traded, supporting the nation's broader climate goals and carbon market development.
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Decree 180/2026 is a start, but the real test is the accounting standard. Without a clear way to verify additionality and prevent double counting, these credits won't have much value on the international market.
Exactly. The announcement is light on the actual mechanics. We need to see if they are using existing global standards or trying to build their own system from scratch.
Viet Nam is moving toward a structured carbon market. This legal framework for forests is a key piece of that puzzle, though the actual implementation details for the July rollout are still vague.
