Vietnam’s ministry says carbon credits are sold at acceptable price

(Photo: Pexels)

There is widespread belief that Vietnam is undervaluing its carbon credits, priced at just $5 each, but the Ministry of Agriculture and Rural Development (MARD) has refuted these claims.

In late 2023, MARD reported to the Prime Minister regarding the signing of documents for transferring 10.3 million tons of CO2 in the north-central region to the World Bank. The unit price was $5 per ton of carbon, resulting in revenue of $51.5 million.