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New 117 million-ton resource: carbon credit exports could yield big money

August 19, 2025 | VietnamNet Global |

 

Vietnam’s Ministry of Agriculture and Environment (MAE) has launched the 2025–2035 Low-Emission Crop Production Project to modernize farming and meet growing international demands for carbon traceability. With crop production responsible for 80% of the sector’s 116.5 million tons of COâ‚‚ emissions, the plan targets a 30% cut in methane and a 10% reduction in total emissions from 2020 levels. Key measures include technical packages for major crops (rice, coffee, cassava, sugarcane, and bananas), at least 15 scalable low-emission models, and sustainable product labeling. The project also pilots farming models that generate internationally recognized carbon credits, offering access to premium markets with 10–25% higher prices. Companies like Lam Son Sugar JSC are already testing such systems, but experts stress that a clear legal framework and standardized MRV systems (measurement, reporting and verification) are essential to unlock export potential and ensure benefits for farmers.

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New 117 million-ton resource: carbon credit exports could yield big money
August 19, 2025 | VietnamNet Global |  Vietnam’s Ministry of Agriculture and Environment (MAE) has launched the 2025–2035 Low-Emission Crop Production Project to modernize farming and meet growing int
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