In the 1990s, vast tropical forests across Viet Nam suffered severe losses. Through sustained efforts, however, the country has not only restored lost forest cover but also gradually developed its forestry sector towards sustainability.

For localities with extensive forest cover, the carbon market can unlock green finance sources to support forest protection and restoration while improving local livelihoods. To transform this potential into a sustainable resource, it is essential to refine data, legal frameworks, benefit-sharing mechanisms, and governance capacity.