The development of a carbon credit market is an urgent necessity as Viet Nam transitions its growth model toward sustainability and environmental responsibility.

As part of the ongoing 58th ASEAN Foreign Ministers’ Meeting (AMM-58) and related meetings, Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son on July 10 attended ASEAN+1 foreign ministers’ meetings with Japan, Russia, the Republic of Korea (RoK), and the US, as well as the ASEAN+3 Foreign Ministers’ Meeting (with Japan, China, and the RoK).

In Viet Nam’s green transition roadmap, to move from potential to reality, domestic enterprises are forced to overcome a series of “obstacles” such as: shortage of human resources, dependence on technology, high investment costs and unsynchronized policy mechanisms.

Prime Minister Pham Minh Chinh chaired a meeting in Ha Noi on June 23, urging permanent Cabinet members, ministries, and agencies to respond to escalating Middle East conflicts and other global disruptions that threaten Viet Nam’s economic trajectory.

In response to the demand for emission reductions and increasingly stringent criteria in export markets, industrial manufacturing enterprises are actively transitioning to green models, adopting clean technologies, using environmentally friendly materials, and developing circular economy models.