Vietnam, UNCITRAL to host international seminar on carbon market

THE HANOI TIMES — Plans are underway for an international seminar on carbon market development to be co-hosted on July 15 by Vietnam's Ministry of Foreign Affairs and the United Nations Commission on International Trade Law.

The seminar will be part of UNCITRAL's 58th session, which runs from July 7 to 23 in Vienna.

Information about the seminar was announced at a July 4 meeting in Vienna between Ambassador Vu Le Thai Hoang, Head of Vietnam’s Permanent Mission to the United Nations and Other International Organizations, and UNCITRAL Secretary Anna Joubin-Bret.

The seminar aims to facilitate international dialogue and share experiences in developing carbon markets, contributing to the global effort to establish a legal framework for this emerging field.

At the meeting, Ambassador Hoang and Secretary Joubin-Bret also reviewed the progress made under the 2023 Memorandum of Understanding (MoU) between Vietnam's Ministry of Foreign Affairs and the UNCITRAL Secretariat.

The MoU provides the basis for technical assistance and capacity building for legal professionals and aligns Vietnam’s commercial legal framework with international standards.

Hoang said Vietnam looks to enhance its partnership with UNCITRAL to improve its capacity in international commercial law and advance the development of a cross-border carbon credit market.

UNCITRAL secretary Joubin-Bret commended Vietnam for its active engagement in UNCITRAL working groups during its first term (2019–2025).

She welcomed the country’s reelection for the 2025–2031 term, which it won with a high number of votes.

UNCITRAL will strengthen its collaboration with the Ministry of Foreign Affairs and other Vietnamese government agencies to implement the MoU effectively.