As carbon taxes and credits become more prevalent across global markets, Vietnam is seeking ways to demonstrate its responsibility in decarbonization and help local businesses adapt to change. An official circular on measuring greenhouse gas emissions is expected to be released this month, taking the nation a step closer to its goal of net-zero emission in 2050.
.jpg)
Steel manufacturing is among the industries subject to greenhouse gas inventory reporting in Vietnam. (Photo: Hoa Phat Group)
Mandatory greenhouse gas emissions set for 2025
The circular, led by the Ministry of Industry and Trade (MoIT), will be followed by training courses for businesses to comply with emission control to limit the carbon footprints throughout the supply chain.
The measurement, reporting and verification of greenhouse gas emissions mitigation will be mandatory in 2025 for industries including steel, cement, aluminum and fertilizer production, said deputy head of MoIT’s Climate Change and Green Growth Office Hoàng Văn Tâm.
