VEPF's responsibility in CDM

  • Registration of Certified of Certificate Emission Reductions (CERs) and implement CDM projects after getting CERs from the CDM Executive Board.

  • Supervision and management of CERs granted by the CDM Executive Board to CDM projects in Vietnam;

  • Collection of fees from selling CERs, which are used to:

  • (1) cover expenses for fee collection;

  • (2) help promoting public information on CDM;

  • (3) formulate and approve CDM project documents; and

  • (4) subsidize products' price of CDM project in priority fields.

  • Price subsidies for CDM project's products.

CDM activities by Nov 2008
CERs registration:

Until now, four units have registered for CDM project named "Associated gas collection and utilization in Rang Dong oil field". They are Japan-Vietnam Petroleum Co.,Ltd; Conocophillips (UK) Gama Ltd; Petro Vietnam; and PetroVietnam Exploitation and Production Corporation.

Collection fees from CERs selling or tranfering to Vietnam:

VEPF has appraised the self-calculated fee of Japan-Vietnam Petroleum Co.,Ltd and Conocophillips (UK) Gama Ltd paid for "Associated gas collection and utilization in Rang Dong mine" project. The accumulated amount of collected fee is about 927,366 Euro for 2,357,768 CERs.


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