EnvironmentVietnam agrees to World Bank deal to stop forest loss
Carbon Fund to pay out $52m if Southeast Asian nation can keep trees in ground
A worker scrapes rubber latex in Huong Tra village, south of Hanoi. By keeping its forests intact, Vietnam might be able to sell emission offsets to other countries. © Reuters
LIEN HOANG, Nikkei staff writer
October 27, 2020 00:21 JST
HO CHI MINH CITY -- Vietnam is set to receive tens of millions of dollars to help it keep a promise not to cut down trees, part of a controversial World Bank program that critics say does not produce its intended effect -- carbon emission reductions.