Vietnam’s Department of Climate Change, operating under the Ministry of Agriculture and Environment, on 22 June 2026 concluded six bilateral coordination memoranda with the country’s main financial-market infrastructure bodies, laying out the institutional framework for launching the domestic carbon trading exchange.
The six agreements pair the ministry with Vietnam Exchange (VNX), the Vietnam Securities Depository and Clearing Corporation (VSDC), and the Hanoi Stock Exchange (HNX), plus inter-operator accords between VNX and VSDC, VSDC and HNX, and VSDC and the Bank for Investment and Development of Vietnam (BIDV). Under the government-approved operational model, the ministry manages the national registry for greenhouse-gas emission allowances and carbon credits; VSDC performs custody and settlement functions; HNX operates the trading system; VNX exercises transaction-supervisory authority; and a designated settlement bank processes cash payments. The memoranda establish a formal cooperation framework defining each party’s responsibilities across registration, custody, trading, and payment operations.
The signing is described as a concrete milestone in implementing Government Decree No. 29/2026/NĐ-CP, issued on 19 January 2026, which provides the legal foundation for the exchange. Nguyen Tuan Quang, acting deputy director-generalof the Department of Climate Change, cited the Environmental Protection Law 2020 as the statutory basis for carbon market development and framed the exchange as a mechanism to fulfil Vietnam’s Nationally Determined Contribution and advance its net-zero-by-2050 goal. He also indicated that the Prime Minister has separately issued a decision approving a pilot allocation of total greenhouse-gas emission allowances to facilities in key high-emitting sectors, establishing the exchange’s initial pool of tradeable instruments.
Source
- Chuẩn bị vận hành sàn giao dịch carbon trong nướcVnEconomy — Kinh tế xanh (carbon), 22 June 2026