Việt Nam to pilot carbon trade exchange from 2025
Việt Nam plans to set up and pilot a carbon trade exchange from 2025, according to a new Government decree on greenhouse gas (GHG) emissions and Ozone layer protection. The document stipulates several articles of the Law on Environmental Protection and maps out a roadmap for domestic carbon market foundation and development.
A carbon credit is a tradable permit or certificate that enables the holder of the credit the right to emit one tonne of carbon dioxide or an equivalent of a different greenhouse gas – it’s essentially an offset for producers of such gases.
From now until the end of 2027, the country will put forward regulations on the management of carbon credits, the exchange of GHG emission quotas and carbon credits, and the operation of a carbon credit exchange.
