This marks the first step in unlocking the promising green gold mine of a province that possesses the largest forest area in the Central Highlands region. The Chairman of the Gia Lai Provincial People’s Committee has approved, in principle, allowing the ASEAN Carbon Credit Exchange Joint Stock Company (CCTPA), together with its partners, to conduct field surveys and collect data to prepare dossiers for proposing carbon-credit projects.
This development took place immediately after an important working session on September 10, 2025, between the Provincial People’s Committee, relevant departments and agencies and CT Group Joint Stock Company – the founder and operator of CCTPA. During the meeting, CT Group not only focused on forest-based carbon credits but also proposed piloting projects involving fruit trees, coffee, rubber, coconuts, and rice, thereby expanding the potential for carbon-credit generation into the field of regenerative agriculture. According to Vietnam Investment Review, as this is a new sector with an underdeveloped legal framework, the Department of Natural Resources and Environment, together with other relevant agencies and units, will continue to closely coordinate with CT Group Joint Stock Company to develop carbon-credit projects. These projects will then be submitted to the Provincial People’s Committee for approval of pilot implementation in accordance with Vietnamese law and international requirements.
Vietnam has committed to achieving net-zero emissions by 2050.
Gia Lai’s proactive approach in welcoming and facilitating enterprises such as CCTPA, together with its efforts to develop a pilot scheme for forest carbon-credit trading – demonstrates the province’s strong determination to restructure its economy toward green growth. These projects are not only commercially oriented but also aim to preserve biodiversity, improve livelihoods and incomes for forest-dependent communities, and reinforce the role of local residents in protecting the Central Highlands’ ‘green lungs,’ thereby contributing meaningfully to Vietnam’s international commitments to reducing greenhouse-gas emissions.
Prior to CCTPA, ECOTREE Group Joint Stock Company had also proposed afforestation and assisted natural regeneration projects for carbon-credit assessment. The company has been requested to further refine its proposal before seeking approval for implementation.
In the context of Vietnam’s pledge to reach net-zero emissions by 2050, the carbon-credit market is emerging as a key financial mechanism for conservation and sustainable resource development. Vietnam is capable of supplying an estimated 40 – 57 million carbon credits annually. From forests alone at an average selling price of 5 USD per ton of CO₂, the potential revenue could reach approximately 200 million USD per year, according to the Department of Forestry.”
In the Tay Nguyen region, Gia Lai Province is rapidly asserting its pioneering role, particularly in the field of forest carbon credits, through a series of policy measures and the participation of major enterprises.
With its exceptional natural advantages, Gia Lai currently has the largest forest area in Tay Nguyen and ranks fourth nationwide. The province’s natural forest area exceeds 690,000 hectares, and its total forest-carbon reserve is estimated at around 50 million tons, with an average carbon stock of more than 150 tons per hectare.
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