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The sale is the result of the first forest proceeds from six provinces in the north central region under the emission reduction agreement with the World Bank. It is transferred to localities to compensate forest owners, local communities, and people for their efforts in managing, protecting, and developing forests. The emission reduction agreement, successfully implemented in Vietnam, has brought in US $41 million in carbon credit sales with the World Bank (Photo: Getty Image). As the first emission reduction agreement successfully implemented in Vietnam, the sale represents an important step towards advanced forest management, protection, and improving people’s lives. The six provinces participating in the agreement are Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri, and Thua Thien-Hue. They collectively have over 3.1 million hectares of forested land, accounting for 58 percent of the total area. Nguyen Quang Bao, Director of the Department of Forestry under the ...

Lao Consul General in Ho Chi Minh City Phimpha Keomixay (right) receives the insignia “For peace and friendship among nations” of the Vietnam Union of Friendship Organizations (VUFO). Photo: VNA Lao Consul General in Ho Chi Minh City Phimpha Keomixay was awarded the insignia “For peace and friendship among nations” of the Vietnam Union of Friendship Organizations (VUFO) on August 22. The insignia honors her contributions to the cause of peace, friendship, cooperation, and development. During the ceremony, Do Viet Ha, President of the Ho Chi Minh City Union of Friendship Organizations (HUFO), emphasized the solidarity and friendship between Vietnam and Laos. The Consul General has played an active role in strengthening the traditional solidarity, friendship, and cooperation between Vietnamese and Lao people through various practical activities in areas such as economy-trade, culture-sports, health care, and education, among others, Ha said. Lao Consul General in H...