Nguyen Tran Bao Phuong and Tran Thi Ngoc My

THE WRITERS ARE RESEARCHERS FROM THE ASIA COMPETITIVENESS INSTITUTE AT THE LEE KUAN YEW SCHOOL OF PUBLIC POLICY, NATIONAL UNIVERSITY OF SINGAPORE

A rice paddy field in Hoi An. Vietnam's 14.7 million ha of forest absorbs around 70 million tonnes of carbon dioxide annually; agriculture, particularly rice cultivation, could yield up to 57 million credits per year.

Vietnam-Singapore carbon credit pact: A defining test for Asean green finance

More than a bilateral deal, this collaboration is a test for both countries to anchor themselves in the global carbon economy