Gia Lai Province officially approves CCTPA to survey and develop carbon credit project documentation
ASEAN Carbon Credit Trading Platform Joint Stock Company (CCTPA) has been officially authorized by Gia Lai Province to conduct field surveys, collect data, and develop project proposal documentation for carbon credit projects across the province.
The approval decision clearly assigns the Gia Lai Department of Finance to guide and support CCTPA throughout the entire process of surveying, assessment, and project documentation development, ensuring transparency, regulatory compliance, and alignment with the province’s green economic development strategy.
Opportunities to realize forest and renewable energy carbon projects
Previously, on September 10, 2025, CCTPA held a working session with the Gia Lai Provincial People’s Committee to advance plans for baseline data collection and project surveys. During the meeting, the Chairman of the Provincial People’s Committee agreed in principle to allow CCTPA and its partners to carry out preparatory activities, while assigning relevant departments to provide guidance and support in line with recommendations from the Department of Finance.
Based on prior assessments and working sessions, together with the province’s official approval, CCTPA recognizes strong development potential for forest carbon projects and renewable energy initiatives in Gia Lai. With its extensive forest area, forest-based carbon credit projects are expected to deliver long-term sustainable value, contributing to ecosystem protection and opening opportunities for the domestic carbon market.
In parallel, Gia Lai also holds strong potential for implementing renewable energy solutions such as rooftop solar systems and upgrading public lighting infrastructure. These initiatives can help reduce emissions, optimize operational costs, and strengthen green infrastructure across the province.
CCTPA’s role in advancing a low-carbon economy
The approval granted by Gia Lai Province marks a significant milestone for CCTPA in its efforts to promote carbon market mechanisms in Vietnam. During the implementation phase, CCTPA will work closely with the province in conducting surveys, collecting data, and standardizing project documentation in compliance with both national regulations and international standards.
As carbon credit development at the local level is still evolving within an emerging legal framework, CCTPA, in collaboration with CT Group, will proactively coordinate with relevant departments and agencies to ensure full legal compliance while meeting international requirements.
CCTPA’s involvement not only supports Gia Lai Province in developing carbon credit projects but also contributes to shaping a scalable low-carbon economic model aligned with Vietnam’s green growth strategy.
Collaboration for green and sustainable development
As the first enterprise in Vietnam to initiate a carbon credit trading platform, CCTPA is proud to partner with Gia Lai Province and relevant authorities in surveying and developing carbon credit projects in forestry and renewable energy. This collaboration reflects a shared commitment to promoting green growth, addressing climate change, and effectively leveraging carbon credit potential from forest ecosystems.
With strong coordination among stakeholders, carbon credit projects in Gia Lai are expected to contribute to a low-carbon economy, enhance forest protection, reduce greenhouse gas emissions, and gradually move Vietnam closer to its Net Zero target. At the same time, CCTPA will continue expanding carbon credit initiatives nationwide, supporting sustainable green development and advancing Vietnam’s journey toward Net Zero.
CARBON CREDIT TRADING PLATFORM ASEAN (CCTPA)
Address: Léman – 20 Truong Dinh, Xuan Hoa Ward, Ho Chi Minh City
Hotline: (+84) 28 6272 5889
Email: info@aseancarboncredit.com
