Vietnam’s government has enacted Decree 112/2026/NĐ-CP, described at a June 12 seminar as the country’s first legal instrument dedicated solely to the international transfer of greenhouse gas emission reduction results and carbon credits. The seminar was co-organised by the Department of Climate Change under theMinistry of Agriculture and Environment and the Southeast Asia Energy Transition Partnership(ETP). The event was used to brief businesses and international organisations on the decree’s provisions and to assess Vietnam’s position in global carbon markets.
Deputy Director Nguyen Tuan Quang of the Department of Climate Change framed the decree as a strategic inflection point — a shift from establishing domestic carbon market infrastructure to actively integrating with international trading. He said the decree creates a legal corridor for transferring emission reductions between Vietnam and foreign partners, both under and outside the Paris Agreement framework, and is intended to attract overseas capital, technology transfer, and low-carbon investment. Quang cited growing compliance pressure from mechanisms including ICAO’s CORSIA, the EU’s Carbon Border Adjustment Mechanism (CBAM), and supply-chain emissions requirements as key drivers of rising demand for internationally transferable credits, characterising this simultaneously as a compliance challenge and a commercial opportunity.
An ETP representative described the decree as being built on the 2020 Environmental Protection Law and two predecessor decrees, and pledged continued support for Article 6 implementation, high-integrity offset standards, carbon pricing infrastructure, and MRV systems in pursuit of Vietnam’s 2050 net-zero target. Advisory firm Vietnam Energy and Environment Consulting (VNEEC) observed that Vietnam’s credit generation has to date been concentrated in energy-sector projects — hydro, wind, energy efficiency — registered under CDM, Verra, and Gold Standard mechanisms, while potential in forestry, agriculture, and waste management remains substantially untapped. VNEEC indicated Decree 112 is expected to shift emphasis toward those underdeveloped sectors, as well as toward advanced technologies.
Carbon Market Context
- Forestry and blue carbon pathways (research): Improved forest management projects and blue carbon projects are tracked as distinct pathway categories — directly relevant to the underexploited forestry and coastal potential highlighted in the source article as priority areas under the new decree.
Source
- Nhu cầu trao đổi tín chỉ carbon quốc tế đang tăng mạnhVnEconomy — Kinh tế xanh (carbon), 14 June 2026