POTENTIAL AND READINESS TO PARTICIPATE IN HIGH-INTEGRITY FOREST CARBON MARKET IN SON LA PROVINCE, VIETNAM

This study evaluates the potential and readiness of Son La province to participate in the high-integrity forest carbon market (HIFCM). Utilizing a Multi-Criteria Analysis (MCA) framework, the research employs 44 specific indicators across three core pillars encompassing institutional, technical, and social dimensions aligned with international carbon standards and local implementation realities. Results indicate significant project potential, with approximately 86,000 hectares eligible for afforestation/reforestation (AR) and 59,000 hectares for REDD+ initiatives. The province achieved an overall readiness score of 0.54, placing it in the preparatory phase. While the institutional pillar is relatively advanced (0.6), significant bottlenecks remain in the technical (0.48) and social (0.46) dimensions. To enhance readiness, policy recommendations focus on establishing a common domestic carbon reserve mechanism and improving local technical capacity for scientific baseline monitoring. Socially, the province must prioritize transparent benefit-sharing frameworks and substantive community engagement to ensure long-term sustainability. These findings provide a strategic roadmap for local authorities to align with Vietnam’s Net Zero 2050 commitments and international integrity requirements.