Log in
Econ

Vietnam to pilot carbon trading floor in June

The domestic carbon trading floor is set to officially launch in 2029.

Vietnam will launch a pilot carbon trading floor from June 2025, according to a newly approved plan to develop a carbon market in Vietnam signed by Deputy Prime Minister Tran Hong Ha.

Under the plan, the domestic carbon trading floor will be officially launched in 2029.

 The domestic carbon trading floor is set to officially get underway in 2029. Photo: VGP

As part of the plan, Vietnam will refine the legal regulations and infrastructure for the carbon market, while increasing the capacity of regulatory bodies and the awareness of businesses and individuals to meet new requirements.

The move aims to contribute to greenhouse gas emission reduction commitments under the Nationally Determined Contributions at a low cost to businesses and society. In addition, the promotion of green transitions and low-emission technologies will enhance business competitiveness, advance a low-carbon economy, and address climate change, with the goal of net-zero emissions by 2050.

Under the plan, greenhouse gas emission allowances and carbon credits will be traded on the domestic carbon exchange, with the Hanoi Stock Exchange developing and providing carbon trading services, while the Vietnam Securities Depository will manage custody and transaction settlement.

The Ministry of Finance, the Ministry of Natural Resources and Environment, and other key agencies will be given specific responsibilities for managing the carbon market, as outlined in legal documents.

The Ministry of Natural Resources and Environment will lead coordination with the ministries of Finance, Agriculture, Construction, Industry and Trade, Transport, and other relevant agencies to ensure controlled development, prevent resource loss, and maintain national security and social order.

The plan outlines five sets of tasks and solutions for putting the carbon market in place, including carbon market commodities, market participants, national registry system and trading platform, market organization and operation, and awareness and capacity building.

Reactions:
Share:
Trending
Most Viewed
Related news
Real estate firms sell bonds worth $402 million in May

Real estate firms sell bonds worth $402 million in May

Real estate companies have raised $862 million from bond issuance in April and May, thanks to an improved business environment and better access to funding.

Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.