Vietnam’s first carbon trading exchange is scheduled for launching on June 29.
This will mark a significant milestone in the development of the country’s carbon market, thus making contributions to fulfilling its international commitments to reducing greenhouse gas emissions, promoting green transition, fostering the development of a low-carbon economy, and providing businesses with an additional market-based instrument to support the achievement of their sustainable development goals.
Vietnam is actively developing a centrally managed domestic carbon market, with a pilot phase from late 2026 to 2028 and full implementation scheduled for 2029.
This development aims to achieve the country’s greenhouse gas (GHG) emission reduction targets by 2030 and ultimately reach an ambitious goal of reaching net-zero emissions by 2050.
Earlier, the Vietnamese Government had approved pilot greenhouse gas emission quotas for key industrial sector in 2025 and 2026.
Under this pilot policy, Ministry of Agriculture and Environment had allocated greenhouse gas emission quotas to 110 facilities.
The ministry has also issued a circular regulating the management and operation of the national registry system for greenhouse gas emission quotas and carbon credits, providing the foundation for managing and trading commodities on the carbon exchange.
In January this year, the Government promulgated Decree 29/2026/ND-CP, paving the way for setting up domestic carbon exchange. The Decree stipulates that the domestic carbon exchange is a comprehensive legal framework for the organization and operation of the carbon market in Vietnam.
Pham Long
