A workshop to promote the establishment of the Soiva Korea - Viet Nam carbon credit trading and distribution centre, and develop flight routes between airports in Viet Nam and South Korea’s Muan International Airport, was held in Da Nang on Sunday.

South Korean delegates attending the workshop. Photo: HOANG HIEP

The event was jointly organised by the Soiva Viet Nam Carbon Credit Trading and Distribution Service Association and the JeollaNamdo Provincial Government in South Korea.

The trading and distribution of carbon credits is a part of the cooperation activities for the development of smart cities between South Korea and Viet Nam.

The operation of direct flights between Muan International Airport in JeollaNamdo Province and airports in Ha Noi, Da Nang, Nha Trang and Da Lat in Viet Nam not only creates a favourable condition for transportation but fosters cooperation between the two sides in tourism, investment, and carbon credit trading in the future.

It is known that Soiva's carbon credit trading and distribution service is a smart city standard technology recognised by the South Korean government, allowing continuous operation of global-scale trading services, aiming for carbon neutrality.

Soiva standard technology allows products manufactured in compliance with carbon neutral criteria to be distributed to intermediaries, buyers, and consumers. This technology can monitor all activities during the distribution process to ensure carbon neutrality throughout the process.

In addition, Soiva standard technology is a global carbon credit trading and distribution standard technology, providing a distribution platform for end-use product recyclers to easily comply with carbon neutrality regulations continuously, and ensuring that recycled products can be re-consumed.

The establishment of a carbon credit trading and distribution centre with Soiva standard technology in Viet Nam will create a trading environment for the international-scale production, trade, consumption and supply chain in align with the international carbon neutrality principle between South Korea and Viet Nam.

A representative of JeollaNamdo Provincial Government in South Korea introducing the potential for tourism, investment and trade development in the province, flight routes to Viet Nam, and cooperation opportunities in credit trading and carbon neutrality. Photo: HOANG HIEP

According to Mr. Kim Sang-Yong, Chairman of the Soiva Korea Company, the establishment of the Soiva Korea-Viet Nam Carbon Neutral Trading and Distribution Service Centre will promote the trading and distribution of Soiva carbon credits between the two countries.

The Soiva Carbon Neutral Trading and Distribution Service Centre will be in charge of mobilising financial resources, and establishing a consortium of manufacturers, intermediaries, sellers and recyclers by region and field in South Korea and Viet Nam.

Also at the event, representatives of the Jeolla Namdo Province, South Korea, introduced the great potential for tourism, investment and trade development in the province, some flight routes to Viet Nam, the province’s carbon neutrality vision by 2050, and its plan to reduce greenhouse gas emissions.

Reporting by HOANG HIEP - Translating by M.DUNG