Vietnam formally opened its domestic carbon exchange on 29 June 2026, creating a regulated venue for greenhouse gas emission allowance and carbon credit transactions. The inauguration ceremony was jointly hosted by the Ministry of Finance and the Ministry of Agriculture and Environment, framing the exchange as a central mechanism for Vietnam to honour its net-zero greenhouse gas commitment by 2050.
Two legal instruments underpin the exchange: Prime Minister’s Decision No. 232/QĐ-TTg, which established the national carbon market development scheme, and Government Decree No. 29/2026/NĐ-CP, which provides the specific governance framework for the domestic platform. Technical infrastructure — trading, settlement, and registry systems — was developed and successfully stress-tested by the Hanoi Stock Exchange (HNX) and Vietnam Securities Depository and Clearing Corporation (VSDC), with the Bank for Investment and Development of Vietnam (BIDV) serving as designated settlement bank. Vietnam Exchange (VNX) will operate the platform under oversight of the State Securities Commission (SSC).
At the opening ceremony, SSC Chairwoman Vu Thi Chan Phuong described the launch as a defining institutional milestone for Vietnam’s green economy and said the exchange would enable market-based carbon price formation, giving companies a financial incentive to invest in energy efficiency and lower-emission technologies. She outlined five near-term operational priorities: ensuring system security and stability; streamlining market access for member broker-dealers, emission-quota-allocated enterprises, and carbon credit participants; strengthening surveillance against manipulation and fraud; proactively communicating market rules and policy information; and benchmarking against international practice to progressively improve the domestic framework. A key early-stage support measure announced at the ceremony: all trading service fees will be waived throughout a pilot phase running to the end of 2028.
Carbon Market Context
- The Ministry of Agriculture and Environment, co-regulator of the new exchange, holds a broad environmental mandate that already encompasses water resources management and environmental compliance registration — embedding carbon market supervision within an existing multi-domain enforcement structure rather than establishing a standalone carbon authority.
Source
- Khơi thông nguồn lực cho kinh tế xanhBáo Nhân Dân — Chủ đề Thị trường carbon, published 2026-06-29