Viet Nam approves carbon credit pact with Singapore under Paris Agreement

The Vietnamese Government has issued Resolution 235/NQ-CP approving its carbon credit Implementation Agreement with Singapore under Article 6 of the Paris Agreement. Signed in September 2025, the agreement establishes a legally binding bilateral framework for international carbon credit cooperation. It is intended to enable Vietnamese organizations and businesses to develop greenhouse gas mitigation projects, generate credits meeting international standards, and transfer recognized mitigation outcomes to Singapore. Viet Nam’s Ministry of Foreign Affairs has been assigned to complete the external approval procedures and notify the agreement’s entry into force in accordance with applicable rules. Details concerning project approval procedures and the methodologies eligible under the bilateral framework have not yet been released and are expected to be announced subsequently.
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