For the category of GHG reduction measures and activities involving new, high-cost technologies that have seen limited implementation in Vietnam, the maximum transfer ratio is set at 90%.
With recent strong commitments from the government and growing public awareness about the shift away from gasoline-powered vehicles, Vietnam’s electric vehicle market is certain to make significant strides forward in the future.
Vietnam is accelerating the development of its carbon market by tapping into international mechanisms like the JCM to access finance, technology, and transparency.