Viet Nam approves carbon credit pact with Singapore under Paris Agreement

The Government assigned the Ministry of Foreign Affairs to carry out external procedures for the approval of the deal and notify its entry into force in accordance with regulations.

Signed on September 16, 2025, the agreement affirms Viet Nam and Singapore’s pioneering role and commitment to close cooperation in the international carbon market, making a substantive contribution to global climate response.

The pact establishes a binding bilateral legal framework, creating favourable conditions for Vietnamese organisations and businesses to develop greenhouse gas emission reduction projects, generate carbon credits up to international standards, and have them recognised and transferred to Singapore.

Detailed information on the approval process for carbon credit projects and the list of eligible methodologies will be announced in the coming time.