Vietnam is implementing a domestic carbon market pilot from 2025 to 2028, with full operations expected by 2029. The government has already allocated greenhouse gas emission quotas to 110 facilities across the thermal power, steel, and cement sectors to drive decarbonization. The system will trade two primary commodities: government-allocated emission quotas and carbon credits. This framework aims to lower the cost of emissions reductions for businesses while encouraging the adoption of low-carbon technologies to meet the national net-zero target by 2050.
