Vietnam Seeks to Enhance GHG Reporting Capacity to Build Carbon Market
Vietnam’s capital city of Hanoi hosted a workshop on May 23 on enhancing the capacity for greenhouse gas (GHG) reporting and inventorying to build a domestic carbon market.
Key stakeholders included the Australian Embassy, the Ministry of Industry and Trade, and the Ministry of Natural Resources and Environment.
Ms. Cecilia Brennan, head of the Economic Section at the Australian Embassy in Hanoi, highlighted the significance of climate change and energy in the bilateral relationship between Australia and Vietnam. Australia aims to boost transparency and collaboration with other countries, including Vietnam, to enhance GHG reporting and inventorying capacity.
Vietnam aims to achieve net-zero emissions, which requires strategic plans with accurate data on GHG inventories. The government has issued Decree 06 to guide GHG reduction and ozone layer protection, but implementation challenges remain, necessitating improved capacity for officials and experts.
In response, Vietnam requested Australian support for training programs. The main program included training in Australia and workshops in Vietnam, equipping 50 senior officials with knowledge in digital governance, energy transition, and climate change. The Ministry of Industry and Trade participated actively in these programs with three officials from the Energy Efficiency and Sustainable Development Department.
The program provided insights into Australia’s GHG inventory frameworks, benefiting Vietnamese central and local government agencies and enterprises in their efforts to build a domestic carbon market.
The workshop also featured discussions on the challenges in building Vietnam’s carbon market and corporate decarbonization strategies, as well as difficulties for businesses in GHG reporting.