Vietnam has put in place a comprehensive legal and institutional framework for its domestic carbon market that integrates carbon credit and greenhouse gas emissions quota trading with the country's securities infrastructure, a move aimed at boosting transparency, efficiency and market breadth ahead of pilot operations.

As climate change intensifies and the global push toward net-zero emissions gathers pace, Vietnam is gradually shaping its carbon market, with forestry identified as a key pillar thanks to forests’ long-term capacity to absorb and store carbon dioxide.

Vietnam will receive US$5 million between September and October from the additional transfer of 1 million tonnes of CO2 to the World Bank under the Government's recent resolution regarding the transfer of excess greenhouse gas emission reductions from the north-central region for the 2018-2019 period.

VOV.VN - Vietnam is racing to complete a comprehensive legal framework to launch its national carbon market, a key step toward meeting its net-zero commitments and driving a low-carbon, competitive economy.

VOV.VN - Vietnam is set to participate in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) programme, starting January 1, 2026, according to the Civil Aviation Authority of Vietnam (CAAV).

Vietnam stands at a pivotal juncture as it seeks to actualise its net-zero carbon ambitions by 2050, with the launch of a domestic carbon credit market closely seen as a strategic instrument to catalyse greenhouse gas mitigation.

Prime Minister Pham Minh Chinh has called on the International Fund for Agricultural Development (IFAD)’s assistance for Vietnam to develop the carbon credit market and support farmers in remote areas.

Acting Chairman of the People's Committee of Quang Tri province Ha Sy Dong expressed his hope that the collaboration will effectively contribute to Vietnam’s and Italy’s international ecological environment commitments.

The carbon market not only alleviates environmental pressure but also offers significant financial advantages, supporting businesses in adopting green technologies without bearing the full burden of costs, experts said at a discussion on Vietnam’s carbon credit exchange mechanism.

Vietnam needs to establish a specific roadmap for the transition to green energy as well as design and manage the emissions trading system toward the official operation of the carbon market in 2028, according to experts.