Vietnam Shapes Forest Carbon Rights to Participate in International Carbon Credit Market

Domestic Challenges and Export Potential In the context of global green transformation, forest carbon rights are seen as a strategic asset, opening up new export opportunities for many countries. However, in Vietnam, clearly defining and delineating carbon rights remains a legal gap. According to Mr. To Xuan Phuc, a senior expert from Forest Trends, carbon rights can be viewed in two ways: as an asset linked to land and forests, or as an ecological service created through activities that increase carbon absorption and storage. With the first approach, carbon rights belong to the land or biomass owners, which can be the state, community, or private entities. This approach is common in countries with centralized land ownership systems. In the second approach, carbon rights are tied to activities that generate carbon credits such as forest planting, habitat restoration, and changing cultivation practices. Those who control the activities, even without land ownership, can become ...