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Vietnam’s carbon market is taking shape as the launch of the national carbon registry draws closer. (Photo: iStock)
Vietnam has officially released its long-awaited regulatory framework for carbon market trading on Jan. 19, defining institutional responsibilities across government agencies and financial market operators.
Under the new rules, the Ministry of Agriculture and Environment is designated as the lead authority overseeing carbon commodities and the national registry system, while the Vietnam Stock Exchange (VNX), the Hanoi Stock Exchange (HNX), and the Vietnam Securities Depository and Clearing Corporation (VSDC) will be responsible for operating the trading market.
Mai Duong, a policy advisor at the International Institute for Sustainable Development (IISD), highlighted three major adjustments in the final carbon market framework, noting that while the decree removed explicit references to negotiated trading, the overall system design still reflects a negotiated-market structure.
