The development of a carbon credit market in Việt Nam faces significant challenges, primarily due to unclear regulations. While businesses recognise the need to reduce greenhouse gas emissions and are eager to participate in the market, they are hindered by management and monitoring systems that require further improvement… The draft project for developing Việt Nam’s carbon market from 2025 to 2028 outlines a pilot programme set to run nationwide. By 2029, the market is expected to officially launch, with preparations underway to connect it to regional and global platforms… The Reducing Emissions from Deforestation and Forest Degradation (REDD+) project helped the forestry sector achieve nearly 57 million tonnes of CO2 emissions reductions from 2014 to 2018.