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Vietnam carbon market and green finance development

Updated 2 times since CLSTR started tracking revisions of this situation.

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2026-10-15 02:03 UTC → 2026-10-23 00:04 UTC · added removed

Vietnam carbon market and green finance development

Vietnam is advancing its green finance landscape and establishing a carbon market to facilitate its transition to a low-carbon economy and meet COP26 net-zero commitments. The initiative involves a A pilot phase for the thermal power, steel, and cement industries, which will be allocated industries involves the allocation of over 511 million tons of CO2 equivalent in emission quotas for the 2025–2026 period. Under the regulatory framework, Starting in late June 2026, 92 authorized organizations will be authorized to trade VN2025 quotas on the domestic market. To ensure compliance, facilities are required to must submit audited greenhouse gas inventory reports to the Ministry of Natural Resources and Environment by December 1, 2027, and fulfill quota surrender obligations by the end of December 31, 2027. Non-compliance may result in administrative penalties or deductions from future allocations. The system framework allows for flexibility, permitting companies to use carbon credits for offsets or borrow up to 15% of their current period's quota from the next period. Complementing these efforts, the government has established a national green taxonomy via Decision No. 21/2025/QD-TTg, defining criteria for 45 project types across sectors such as energy, manufacturing, and biodiversity conservation. The pilot program carbon market is expected scheduled to run through 2028, with BIDV serving as the sole settlement bank, before full-scale mandatory operations begin expected in 2029. In support of these goals, the The State Bank of Vietnam is promoting the synergy between green credit and the carbon market. Deputy Governor Nguyen Ngoc Canh noted that an effective carbon market can transform emission reduction results into financial resources, helping businesses diversify funding and reduce reliance on bank loans. While green credit provides the initial capital for technological innovation and energy efficiency, innovation, the carbon market is expected to create economic incentives by assigning value to emission reductions, thereby improving credit quality and providing liquidity for the green transition. reductions.

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  1. 2026-10-23 00:04 UTC Vietnam carbon market and green finance development
  2. 2026-10-15 02:03 UTC Vietnam carbon market development
  3. 2026-10-14 04:41 UTC Vietnam carbon market development

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