Today, January 24, Deputy Prime Minister Tran Hong Ha signed and issued Decision No. 232/QD-TTg of the Prime Minister approving the Project on establishing and developing the carbon market in Vietnam. 
From June 2025 to the end of 2028, a domestic carbon trading platform will be piloted.
PHOTO: TN
According to the project, the Prime Minister requested to proactively establish and develop a carbon market in Vietnam in accordance with the law and practical conditions, national development orientation, international commitments on greenhouse gas emission reduction that Vietnam participates in and the global carbon market development trend.
Developing a carbon market according to a centralized model, operating according to market principles under the close management and supervision of the State, ensuring the principles of publicity, transparency, safety, efficiency, in accordance with national conditions and international practices, ensuring national interests, and harmonizing the interests of market participants.
Developing a carbon market in Vietnam will contribute to achieving the greenhouse gas emission reduction target committed to in the Nationally Determined Contribution (NDC) at low costs for businesses and society, creating new financial flows for greenhouse gas emission reduction activities, promoting green transformation, developing low-emission technologies, contributing to improving the competitiveness of Vietnamese enterprises domestically and in the world market, developing a low-carbon economy and proactively responding to climate change, towards achieving net emissions of "0" by 2050.
Regarding specific goals, from June 2025 to the end of 2028, pilot operation of domestic carbon trading floors; continue to perfect the system of legal documents serving the organization and operation of the carbon market...
The domestic carbon trading floor will be officially put into operation from 2029. In addition, continue to improve legal regulations and infrastructure for the carbon market; continue to improve the management capacity and organization of the carbon market operation of state management agencies, the capacity and awareness of enterprises, organizations and individuals, to meet the requirements in the new period...
HNX builds and provides carbon trading floor services
According to the project, trading of greenhouse gas emission quotas and carbon credits will be carried out on domestic carbon exchanges.
Hanoi Stock Exchange (HNX) builds and provides domestic carbon trading floor services according to professional requirements on market organization and management and technical conditions and standards chaired by the Ministry of Natural Resources and Environment, in coordination with the Ministry of Finance and relevant ministries, branches and agencies.
The organization of transactions on the carbon market is carried out in a centralized manner on the carbon exchange.
PHOTO: DT
The organization of transactions on the carbon market is carried out in a centralized manner on the carbon exchange.
Greenhouse gas emission quotas and carbon credits certified by the Ministry of Natural Resources and Environment to be traded on the exchange will be assigned a domestic code to serve the transaction; the code assigned is unique and non-duplicated.
When participating in transactions on the carbon market in Vietnam, the subject must have a depository account for greenhouse gas emission quota transactions or a depository account for carbon credit transactions. The registration and issuance of greenhouse gas emission quota and carbon credit codes are carried out centrally to ensure that data is unified, synchronized and meets management and monitoring requirements.
Vietnam Securities Depository and Clearing Corporation provides depository and transaction settlement services according to professional requirements on organization, market management and technical conditions and standards presided over by the Ministry of Natural Resources and Environment, in coordination with the Ministry of Finance and relevant ministries, branches and agencies.
Transaction payment will be automatically performed by the system based on transaction results sent by HNX, ensuring the principle that goods transfer is performed simultaneously with payment at the paying bank.
Payment for transactions on the carbon exchange is made by commercial banks qualified to provide payment services for transactions of greenhouse gas emission quotas and carbon credits.
Thanhnien.vn
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