Vietnam successfully sells 10.3 million forest carbon credits (10.3 million tonnes of CO2) in 2023. The remaining 10.3 million USD will be paid after the transfer of 10.3 million tonnes of CO2 is completed. The Vietnam Forest Protection and Development Fund has received and disbursed all the first payment so that six north central provinces can urgently make payment plans for forest owners. According to the Vietnam Administration of Forestry, the country planted about 250,000 hectares of forest last year, surpassing the yearly plan by 2%. Total revenue from all forest environment services reached more than 4.1 trillion VND (169 million USD)./.

Source: Viet Nam News January 13, 2024 08:43 UTC