#carbon credit market

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Forest canopies in Thanh Binh Commune, Da Nang City. (Photo: TUNG LAM)
Environment

Viet Nam pushes ahead with carbon credit market

The 14th National Party Congress has clearly set out the country’s development vision for the new period, with a consistent emphasis on rapid yet sustainable growth. This is to be achieved by driving breakthroughs in science, technology, innovation, digital transformation, and by reshaping the growth model towards green, circular, and environmentally friendly directions.

During the 2025-2026 period, enterprises in the cement, iron and steel, and thermal power sectors will be required to inventory and control emissions quotas in preparation for the mandatory carbon market. (Photo: Nguyen Nghi)
Environment

The journey towards Viet Nam’s carbon credit market

The carbon credit market is a key policy instrument that helps reduce greenhouse gas emissions through market-based mechanisms. However, for businesses to participate in the carbon market in a sustainable manner, relevant authorities need to promptly roll out concrete plans, solutions and an appropriate legal framework.

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