Vietnam’s FPT works with Japan’s Carbon EX to compete in the carbon market


(Photo: FPT IS)

Vietnam's leading ICT firm, FPT Group has announced its cooperation with Carbon EX, a Japanese carbon credit trading platform, to develop carbon market in Vietnam and establish carbon credits that meet international standards and provide solutions for industrial green transformation.

FPT Information System (FPT IS), a subsidiary of the FPT Group, and Carbon EX announced on Feb. 7 that the two parties signed a Memorandum of Understanding (MOU) of cooperation, to provide carbon credit management and operations services for enterprises. FPT IS hopes to act as a coordinator of industries and organizations and provide the technology application of green transformation projects.

Carbon EX is the first carbon credit trading platform established by major financial institutions in Japan. In addition to providing renewable energy certificates, it also develops carbon credits, and offers consulting services around the world, to comply with carbon rights verification agencies such as Verra, the World Wide Fund For Nature's Gold Standard (GS), as well as Japan's J-Credit system.

As carbon credit trading markets gradually evolve in various countries, Vietnam is also recognized as having the potential to offer a substantial amount of carbon credits. According to statistics, the carbon credits in Vietnam agriculture sector reach 57 million annually, equivalent to 57 million tons of CO2 emissions.

In recent years, carbon credit has received increasing attention in Vietnam, with at least 300 projects conducting carbon credit trading or offset implementation, obtaining a total value of USD 60 million, and steadily moving towards the goal of achieving net-zero carbon emissions by 2050.

Vietnam's carbon credit exchange is expected to officially operate in 2028, attracting many leading companies to tap into the market. The CT Group which has branched out its business from the real estate, retail, and construction industries into the high-tech industry, not only announced the establishment of the Carbon Credit Trading Platform ASEAN (CCTPA) and, under the witness of Vietnamese Prime Minister Pham Minh Chinh, also signed a MOU with ACX (AirCarbon Exchange), to jointly develop Vietnam market in 2023.

(Photo: FPT IS)

Related Topics
Finland's Wartsila Group plans to develop Vietnam's first flexible power plant
Green-certified building grows by 30% in Vietnam

More from Renewable Energy Certificate

Download request

Please fill out the form to download samples.

Job title
Company email
By using this site, you agree with our use of cookies.