This morning we celebrated the issuance of one million Voluntary Carbon Credits by the

Biogas Programme in Vietnam! Such credits can be bought by companies to offset their carbon
footprint which in turn allows for additional investment in green technologies.
With the help of Dutch financial and technical support through SNV Netherlands Development
Organisation and ENDEV, the biogas industry in Vietnam has grown substantially. Indeed, when
taking into account the previously issued 1.2 million Gold Standard Carbon Credits, the Vietnamese
Biogas Programme has become the largest Voluntary Carbon Credits Project worldwide to
contribute to greenhouse gas emission reduction!
We hope many more issuances are still to come!

The number of credits represents the equal reduction of 1 million tonnes of CO2.

Speaking at the launching ceremony in Hanoi on June 26, Deputy Minister of Agriculture and Rural Development Vu
Van Tam said the project has the largest number of voluntary carbon credits in the world to reduce greenhouse gas
emissions in the biogas sector.

It is a special project that contributed over 50 percent of the total expenses for implementation, he said.

Vietnam along with other nations joining the United Nations Framework Convention on Climate Change submitted the
Intended Nationally Determined Contributions (INDCs) at the UN Climate Change Conference, COP 21, in Paris in
2015.
The Southeast Asian country has committed to cutting greenhouse gas emissions by 8 percent in 2030 compared
with conventional development scenarios, which could be reduced up to 25 percent if receiving international financial
and technological support.

Looking towards sustainable agricultural production, green growth, climate change adaptation and reduction of
greenhouse gas emissions is one of the prioritized missions of the Ministry of Agriculture and Rural Development,
Tam said.
Tong Xuan Chinh, Deputy Director of the ministry’s Department of Livestock, said the animal husbandry sector
contributes 6 percent of the country’s gross domestic products (GDP) and this is a great source to increase local
incomes and reduce poverty.

The overall goal of the project is developing a market-oriented biogas sector and reducing greenhouse gas emissions
from livestock production through supporting the construction of biogas plants in households.
From 2013 to 2017, the country built over 170,000 biogas facilities across 55 cities and provinces.
According to Chinh, the animal husbandry sector contributes 6 percent of the national gross domestic product (GDP)
and this is a great source to increase local incomes and reduce poverty.
He described environmental protection as a key issue in the sector’s sustainable development orientations.
The management of solid waste is challenging but it also presents an opportunity to create renewable energy and
organic fertilizer, he said, adding that the treatment of solid waste through biogas technology is considered the most
effective solution.
Carbon credit is known as a permit that allows a country or organization to produce a certain amount of carbon
emissions that can be traded if the full allowance is not used.
The Biogas Programme for the Animal Husbandry Sector has been carried out in Vietnam since 2003 thanks to the
official development assistance (ODA) of the Netherlands government.
In 2016, the project issued more than 1.2 million carbon credits, raking in 2.5 million USD.
In April 2018, the Gold Standard certified that the project had over 2.36 million carbon credits issued. -VNA
Hello chi Trang ka, Im sorry about PMC GL contract communication mistake with A2. Since
A2 submit us the hard copied which not the lasted version so after got a contract I review
based on legal and commercial concern and try to compromise if some still acceptable.
Now I got comment from chi Tran regarding your concern. Please let me clarify na ka.

1. This one is still in the signed contract.

Ans. A2 already send feedback and I do review it and think can acceptable so no issue on this,

2. Do not have the definition of " Handover date" . (pls put it in the Annex 1, too)
Ans. Please find in Annex 1, supplemented at point 33. It should be mentioned as Completion date
not Handover date, as it may lead misleading of Handover date of EPC contractor.

3. recommend using "." to separate the number in VNDM version and "," to seperate
the number in ENG version.
Ans. Shall be noted in the next contract.

4. This one has not been clarified " the effective date", or can be changed to "... stated
in the beginning ..."
Ans. Please explain more ka, I will support to change this sentence if any ka.
Dear Mr. Ho and Gen, I got information from Ms. Pang accounting that the advance
payment (15%) of Thinh long we already proceed to pay but our bank reject…. Due to the
Bank guarantee problem.

Since the contract now didnt sign yet (status from today update from Ms. Ly “just finish
review and send back to contractor”) and also our contractor cant give us the bank
guarantee. This is our company risk,

As instruct from accounting, Please consider cancelling the LOI / LOA and revise the
contract – change the advance payment to be 1st installment and request contractor to issue
the VAT invoice instead.

And FYI, Ms. Ly also send payment request for 2nd installment. (said after sign contract we
have to pay? And follow the contract term that we paid after material deliver to site),
besides, last meeting we still didn’t get the specification of equipment.

For the contract status, please support to follow up with team closely since our team is the
in charge person not Ms. Ly.