Vietnam’s Deputy Prime Minister Tran Hong Ha said the carbon emissions allowance system will be rolled out across all industries by 2028. (Photo: VGP)
Vietnam’s government on Dec. 24 approved detailed arrangements for a pilot carbon emissions allowance scheme, outlining how allowances will be calculated and adjusted based on three key criteria.
The authorities plan to collect data from three priority sectors—power generation, steel and cement—before refining the regulations, with the aim of fully rolling out a nationwide emissions allowance system by 2028 and accelerating the formation of Vietnam’s carbon market.
Pilot to cover three sectors, with allowance adjustment principles set out
Vietnamese Deputy Prime Minister Tran Hong Ha chaired a meeting in Hanoi on Thursday to approve greenhouse gas emissions allowances. He noted that this marks Vietnam’s first implementation of an emissions allowance regime, and that the pilot phase will help improve regulatory design before the policy is expanded nationwide to cover all enterprises by 2028.
