The domestic carbon trading exchange is organized and operated as regulated by the Government’s Decree 29/2026/ND-CP.

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.

VGP-Pham Long