The agreement provides a bilateral legal framework enabling Vietnamese organisations and businesses to register greenhouse gas emission reduction projects and generate carbon credits that are recognised and transferable to Singapore.

President Nguyen Xuan Phuc hosted a reception in Hanoi on January 13 for 25 international guests from 15 countries who came to Vietnam for the celebration of the 50th anniversary of the Paris Agreement on Ending the War and Restoring Peace in Vietnam (Paris Peace Accords).