Vietnam has launched its domestic carbon exchange at the Hanoi Stock Exchange (HNX), opening trading with the VN2025 greenhouse gas emission quota for the 2025-2026 compliance period, following the implementation of the project to establish and develop Vietnam’s carbon market under Prime Ministerial Decision No. 232/QD-TTg (Vietnam Pictoral, 29/06/2026).
The exchange’s initial membership includes six securities companies and more than 100 emission facilities with allocated quotas. To facilitate business participation during the pilot phase through the end of 2028, the government issued Decree No. 29/2026/ND-CP, exempting enterprises participating in the domestic carbon exchange from fees.
The first traded product has a volume of 511.5 MtCO₂eq, with the lowest offer starting at VND130k/tCO₂eq (USD5.1/tCO₂eq). The last trading day for the quota is set for 24 December 2027. The market covers two product types: greenhouse gas emission quotas and carbon credits.
The carbon market supports Vietnam’s target to reach net-zero emissions by 2050 as well as its goal to reduce methane emissions by 30% by 2030 (Enerdata’s Global Energy Research).
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