Vietnam's government approved an Implementation Agreement with Singapore via Resolution 235/NQ-CP, establishing a legal framework for carbon credit cooperation under Article 6 of the Paris Agreement. This allows Vietnamese entities to develop greenhouse gas emission reduction projects that can generate credits for transfer to Singapore. The Ministry of Foreign Affairs will finalise procedures for the September 2025 agreement to enter into force. While the pact creates a binding bilateral framework for cross-border transactions, specific projects and methodologies are yet to be announced.
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