Vietnam is actively developing its carbon market to accelerate corporate decarbonization efforts. (Photo: iStock)
As Vietnam’s carbon market gradually shifts toward commercialization, experts from the Climate Impact X (CIX) warn that demand for high-quality carbon credits will continue to rise, urging developers to align with the global shift toward carbon removal credits.
Meanwhile, Verra advises companies to collaborate with technology partners and conduct robust feasibility studies to better assess financial viability and mitigate investment risks.
Where should Vietnam strengthen its emerging carbon market?
According to Verra, Vietnam hosts around 50 projects under the Verified Carbon Standard (VCS), the highest in Southeast Asia, followed by Thailand and Indonesia.
Unlock the full article to explore three key takeaways:
- Vietnam leads Southeast Asia with 50 VCS-registered projects, but scaling up and closing knowledge gaps remain the primary challenges.
- Nine in ten carbon credit deals fall through, driven by increasingly experienced buyers who demand for high quality.
- Vietnam's pilot carbon market launches 2026–2028, but limited emissions factor data and incomplete records slow participation from the start.
