Ho Chi Minh City, Vietnam – 5 March 2025
As Vietnam accelerates its transition to a low-carbon economy, Indochine Counsel is pleased to release its latest Industry Spotlight: “Vietnam’s Carbon Market Strategy: Green Transition Towards Net Zero Commitment.” Written by our Managing Associate | Hanoi Office, Ms. Le Mai Phuong and Associate | Deputy Head of Projects & Infrastructure, Mr. Pham Hoang Vu ,this publication provides in-depth insights into Decision 232/QD-TTg, which outlines the government’s roadmap for establishing and developing the country’s carbon market.
Understanding Vietnam’s Carbon Market Framework
In response to its Net Zero by 2050 commitment, Vietnam has taken significant steps to regulate carbon emissions and promote sustainable business practices. Decision 232/QD-TTg sets out a two-phase implementation plan for the country’s carbon market, aimed at creating a structured and transparent emissions trading system.
Key Highlights from the Publication:
- Regulatory Framework: Overview of Decision 232/QD-TTg and its legal implications for businesses
- Market Implementation: Breakdown of the two-phase approach for the establishment and development of Vietnam’s carbon market
- Key information about the Domestic Carbon Market: Goods and Participants in the market
- Compliance & Opportunities: Outline the trading system and how businesses can navigate compliance requirements while capitalizing on carbon credit trading
Why It Matters for Businesses
As the regulatory landscape evolves, foreign investors, multinational corporations, and local enterprises must stay ahead of compliance obligations and market opportunities. Understanding carbon pricing mechanisms, emissions trading schemes, and sustainability regulations will be key to mitigating risks and achieving long-term business growth.
Indochine Counsel remains committed to providing strategic legal insights to help businesses navigate Vietnam’s carbon market transformation.
Read the full publication here.
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For media inquiries or consultation on carbon market regulations in Vietnam, please contact:
Email: [email protected]
Phone: +84 28 3823 9640
