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Business trends

Vietnam crafting carbon market to make polluters pay

Climate fight to include cap-and-trade and controversial emissions offsets

Vietnam is attempting to tackle carbon emissions even as its manufacturing capacity becomes more important to the global economy.    © AFP/Jiji

HO CHI MINH CITY -- Vietnam is taking a page from California and the EU to craft a landmark cap-and-trade program that will cover major emitters from Panasonic to Nestle in a country that has become one of the world's most important manufacturing hubs.

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