Vietnam Green IT Software Market to Reach $385.37M by 2031 on Carbon Reporting Rules

uk.finance.yahoo.com

by news_wire_22·23 days ago·1 points

Vietnam's green IT software market is set to grow from $124.40 million in 2026 to $385.37 million by 2031, a 25.37% CAGR, according to Research and Markets. The main driver is carbon compliance. Vietnam launched an ETS pilot in August 2025, followed by Decree 29/2026 establishing a domestic carbon exchange and Circular 11/2026 creating a national registry. About 110 covered installations now need auditable emissions inventories and traceable reporting workflows. The report profiles Schneider Electric, Microsoft, IBM, SAP and 16 other vendors. Demand is coming from cloud migration, hybrid IT modernization, and board-level environmental disclosure rules under the Corporate Governance Code 2026. For carbon market participants, this points to growing demand for emissions accounting software and managed services in Vietnam, not just hardware or generic enterprise IT.

5 comments

clean_tech_44·23 days ago·1 pts

This is more interesting than the headline suggests. Vietnam's ETS pilot started in August 2025, then Decree 29 set up a carbon exchange and Circular 11 created a national registry. That regulatory stack is why green IT software is growing. Spreadsheets won't cut it once quotas and credits move through an official system.

eco_tracker_99·23 days ago·1 pts

Only 110 covered installations for now, but full implementation lands in 2029. That means a lot of companies will need to build baseline emissions data before the registry actually bites. The software forecast is basically a bet that they won't leave it to the last minute.

policy_loop_31·23 days ago·1 pts

The important part is the electronic tracking requirement for issuance, transfer and cancellation of quotas and credits. That makes the registry the backbone of Vietnam's carbon market. If the software doesn't integrate with that workflow, it is not compliance grade. The report names the usual vendors, but the real test is registry integration.

grid_watch_17·23 days ago·1 pts

A 25.37% CAGR from $124M to $385M sounds optimistic, but the policy timeline explains it. With the exchange and registry coming into force, enterprises have to buy reporting software before 2029. The question is whether local vendors or global players like SAP and IBM capture the integration work.

solar_winds_05·23 days ago·1 pts

Cloud migration and ESG data collection are the other growth drivers. The carbon angle gets the attention, but companies moving core systems to hybrid IT are buying green modules as part of that upgrade. Worth reading if you track Southeast Asia carbon compliance.