Green Carbon, Inc. has signed an MOU with the Department of Agriculture and Rural Development (DARD) Hung Yen Province in Vietnam.

Aims to undertake a methane gas reduction project in a maximum of 27,000 ha of paddy fields.

Green Carbon, Inc. (CEO: Jun Okita, hereinafter referred to Green Carbon) is pleased to announce that it has signed an MOU with the Department of Agriculture and Rural Development (DARD) of *¹Hung Yen Province in northern Vietnam. The MOU aims to promote a project targeting the creation of carbon credits for a maximum paddy field area of 27,000 hectares.

◆Background and Role of the MOU with DARD in Hung Yen Province

Green Carbon is dedicated to generating nature-based carbon credits, focusing primarily on Southeast Asia. The company is involved in a broad range of projects including forest conservation, paddy fields, mangrove reforestation, livestock methane reduction, and biochar. In Vietnam, Green Carbon primarily focuses on paddy field projects, actively operating in Nam Dinh, Nghe An, Vinh Phuc, and An Giang provinces. In August 2024, we opened our new branch in the country. To advance our paddy field project in Hung Yen Province, Green Carbon has signed an MOU with the Department of Agriculture and Rural Development (DARD), marking its sixth provincial MOU in Vietnam.

This MOU follows the evaluation by the Department of Agriculture and Rural Development (DARD) of our demonstration experiments with the Vietnam National University of Agriculture (VNUA) and our project in Nghe An Province.

DARD will primarily focus on collaborating on the *²AWD project in Hung Yen Province, recommending and introducing it to local farmers, providing guidance to farmers, and requesting cooperation from relevant agencies.
Green Carbon will collaborate with local research institutions and universities in Vietnam to measure methane emissions from paddy fields, collect necessary data, and handle carbon credit issuance and sales. Initially, we will implement a carbon credit generation project over a maximum of 27,000 hectares of paddy fields in Hung Yen Province over the next decade, with plans to expand this initiative across Vietnam.

In Hung Yen Province, we have already identified demonstration plots through site visits and completed training for the first-year project participants in collaboration with VNUA. We are now advancing discussions with DARD to facilitate future expansion