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From Kyoto protocol to Paris Agreement: Transition towards a new carbon market mechanism


shutterstock 3056839Photo: United Nations in Viet Nam/shutterstockHa Noi, 16 December 2016 – The Ministry of Finance (MOF), the Ministry of Planning and Investment (MPI), and United Nations Development Programme (UNDP) in partnership with the United States Agency for International Development (USAID) have held an important review workshop on how lessons from implementation of the Clean Development Mechanism (CDM) can guide the transition towards new carbon market mechanisms in Viet Nam.

The workshop brings policy-makers, government officials, researchers, practitioners from CDM service providers, and media together to share key lessons learnt from implementing and managing carbon credits in Viet Nam and other countries. They also discussed how Viet Nam can harness opportunities from the market mechanisms enshrined in the Paris Agreement by transitioning from the Clean Development Mechanism (CDM) to the Sustainable Development Mechanism (SDM).

As detailed international rules are to be set under the framework of the Paris Climate Change Agreement, Viet Nam could make contribution to the formulation and adoption of the rules so that CDM projects are not lost. The outcome of the workshop can help Viet Nam in this endeavor. The discussions also offer options to link the Paris Agreement Mechanism with national climate change policy instruments such as carbon taxes which will help realize Viet Nam’s greenhouse gas emission target in its National Determined Contribution and gradually transform into low carbon development pathway, while generating more revenues.

The CDM was established in 1997 under the Kyoto Protocol. It enables projects in developing countries that reduce greenhouse gas emissions to sell emission credits to developed countries.

Viet Nam has been very successful in deploying CDM. The Prime Minister issued a Decision No. 130/2007/QD-TTg in August 2007 stipulating a number of financial mechanisms and policies for CDM projects. Viet Nam ranked the 4th in the world in terms of numbers of projects, with over 250 CDM projects to be recognized by the Executive Board of CDM (EB), making a total amount of greenhouse gas reduction potential of about 137.4 million tons of CO2 equivalent in the credit period. The certified emission reduction granted by the EB has been calculated at over 10 million, ranked the 11th in the world.

Viet Nam has accumulated a lot of experience in combining sustainable development and emission reduction, while providing emission credits to industrialized countries at internationally competitive prices. However, during the last five years, the CDM has suffered due to a crash of the prices of emission credits caused by uncertainty about future international climate policies and lack of political will in industrialized countries to pursue vigorous climate change mitigation policies. Thus both foreign investors as well as the local private sector reduced their activities under the CDM.

With their resuscitation under the Paris Agreement, carbon market mechanisms have again become an increasingly popular instrument for international and domestic climate change mitigation efforts. The mechanisms also reduce costs for achieving national emission targets and generate business opportunities for the private sector.

For more information, please contact:

Ms. Phan Huong Giang
UNDP Communications Officer
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

Ms. Nguyen Thi Dieu Trinh
Senior Official
Department of Science, Education, Natural Resources and Environment
Ministry of Planning and Investment
Tel: 84-8043310
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Nguyen Manh Hieu
Project: Strengthening Capacity and Institutional Reform for Green Growth and Sustainable Development in Viet Nam (CIGG)”
Tel: 84-437475195
Mobile: 84-4985923666



Harsh punishment for child offenders doesn’t prevent further criminality

The age at which a child, can be held criminally liable is a controversial issue around the world. Within Viet Nam, this issue is currently being grappled with in the Penal Code amendments. Some argue that a "get tough on crime" approach is necessary to punish children to prevent further criminality.

However, international research shows that because of their developmental stages, labelling and treating children as criminals at an early age can have serious negative impacts on their development and successful rehabilitation.


New Year Greetings from the United Nations Resident Coordinator a.i. in Viet Nam


On the occasion of New Year 2017, on behalf of the United Nations family in Viet Nam I wish to reiterate our appreciation and express our warmest wishes to our partners and friends throughout the country. We wish our partners and their families in Viet Nam peace, prosperity, good health and happiness in the coming year.

As we enter the second year of the Sustainable Development Goals era, we look forward to continuing our close cooperation for the sake of Viet Nam’s future development; one which is inclusive, equitable and sustainable, with no one left behind.

Youssouf Abdel-Jelil
United Nations Resident Coordinator a.i. in Viet Nam


UN Secretary-General Ban Ki-moon’s message for World AIDS Day, observed on 1 December


Thirty-five years since the emergence of AIDS, the international community can look back with some pride.  But we must also look ahead with resolve and commitment to reach our goal of ending the AIDS epidemic by 2030.

There has been real progress in tackling the disease. More people than ever are on treatment.  Since 2010, the number of children infected through mother to child transmission has dropped by half. Fewer people die of AIDS related causes each year.  And people living with HIV are living longer lives.

The number of people with access to life-saving medicines has doubled over the past five years, now topping 18 million. With the right investments, the world can get on the fast-track to achieve our target of 30 million people on treatment by 2030.  Access to HIV medicines to prevent mother to child transmission is now available to more than 75 per cent of those in need.


The secretary-general's message for the International Day to End Violence against Women and Girls


25 November 2016 - At long last, there is growing global recognition that violence against women and girls is a human rights violation, public health pandemic and serious obstacle to sustainable development.  Yet there is still much more we can and must do to turn this awareness into meaningful prevention and response.


UNIDO Director General's Op-Ed Article to media on the occasion of UNIDO's 50th anniversary


Did you know that in Viet Nam, the net flow of foreign direct investment increased from USD1billion in 2003 to USD10 billion in 2008, and that by 2015 reached USD23 billion?  Or that the total value of exports rose from USD2 billion in 1990 to USD72 billion in 2010, to reach USD162 billion in 2015? These impressive figures highlight the country’s robust economic success, providing a boost to the economy and employment.

These accomplishments are largely due to the reforms undertaken by Viet Nam since Doi Moi in 1986 which liberalized the economy, attracted foreign investment, fostered exports and reduced poverty. To prepare for reform, Viet Nam received extensive technical assistance from the international community, including from the United Nations Industrial Development Organization (UNIDO), well before 1986 and, more precisely, since 1978.

For more than 35 years, UNIDO has been sharing international best practices to help Viet Nam develop inclusive and sustainable industry. With more than USD100 million in expenditure, UNIDO’s technical cooperation activities have been carried out across a broad range of fields, including support to the private sector and technical and industrial research organizations, facilitation of technology transfer, trade capacity-building, human resource development, environmental protection, energy efficiency, investment promotion and responsible business practices.

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