Vietnam is accelerating efforts to build an internationally connected carbon market, but experts say gaps remain in global standards alignment and MRV capacity. (Photo: Embassy of Canada to Vietnam's Facebook)
Vietnam is accelerating efforts to build an internationally connected carbon market, but experts highlight gaps in global standards alignment and MRV capacity.
The country has set 2029 as the target year for full operation of its domestic carbon market, following a pilot phase from 2025 to 2028 under Decree No. 119/2025/ND-CP. During the pilot period, Vietnam will test a carbon credit exchange, strengthen technical guidelines, refine compliance tools, and put regulatory structures in place to support future integration with international mechanisms.
