Việt Nam Finalises Legal Foundation For Domestic Carbon Market

Vietnam issued Decree 29/2026/ND-CP on January 19, establishing a comprehensive legal framework for its domestic carbon trading exchange, integrating GHG emission quotas and carbon credits with securities infrastructure via Hanoi Stock Exchange (HNX). Trading requires dedicated carbon accounts at licensed securities firms, real-time settlement through Vietnam Securities Depository (VSDC), and prior national registry coding by the Ministry of Agriculture and Environment; pilot operations run fee-free through 2028. The system supports Vietnam’s net-zero 2050 goals, with over 30 million credits issued from 158 voluntary projects by August 2025, enabling transparent, efficient trading for compliance and aviation offsets.
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