Vietnam considers domestic carbon credit exchange to enhance efficiency in green transactions
In light of Vietnam’s projected generation of approximately 10.8 million voluntary carbon credits annually, there is a growing demand for efficient exchange and purchase mechanisms, prompting active discussions about the establishment of a domestic carbon credit exchange.
In line with the goal of reaching Net Zero by 2050, the Ministry of Natural Resources and Environment is actively developing a Scheme for the Development of a Domestic Carbon Market. This scheme places emphasis on the mandatory trading of GHG emission quotas for industries and businesses within the domestic carbon market, while also considering international market integration.
