As the world grapples with the urgent need to tackle climate change, Vietnam is making significant strides in establishing a domestic carbon trading system that could unlock substantial economic and environmental benefits. With ambitious emissions reduction targets and a growing focus on green development, the country is leveraging carbon markets to drive its low-carbon transition.
Vietnam's leading position as a spice exporter faces hurdles, including quality controls, sustainability concerns, and stricter international regulations. To solidify its market share, the industry must adapt.
Predictions have been made that the market will gradually recover next year and become healthier and more transparent and standardized in the second and third quarters.