According to the State Securities Commission, the Ministry of Finance, in coordination with the Ministry of Agriculture and Environment and other relevant agencies, will officially launch Vietnam's domestic carbon exchange on June 29.
Vietnam officially has a carbon exchange (Photo: IT).
Authorities said the legal framework and operational regulations governing the exchange have been completed, providing the necessary legal and technical foundation for its operation.
The Ministry of Agriculture and Environment has already completed the pilot allocation of greenhouse gas emission quotas to 110 facilities. It has also issued regulations on managing and operating the National Registry System for greenhouse gas emission quotas and carbon credits, establishing the basis for trading on the exchange.
Meanwhile, the trading platform operated by the Hanoi Stock Exchange (HNX), the clearing and settlement system managed by the Vietnam Securities Depository and Clearing Corporation (VSDC), and the National Registry System have all been completed, fully integrated and successfully tested.
During May and June, participating institutions carried out internal testing and full market wide trials. The results showed stable connectivity between the national registry, trading platform and settlement system, while operational procedures and data exchange met all practical requirements.
The State Securities Commission has also completed the selection of a settlement bank for the domestic carbon exchange, ensuring it meets the required financial, technical and operational standards.
With all key operational conditions now in place, the domestic carbon exchange is scheduled to begin operations at the end of June.
The launch marks a significant step in the development of Vietnam's carbon market and is expected to support the country's international commitments to reduce greenhouse gas emissions, promote green transition, foster a low carbon economy and provide businesses with a market based mechanism to achieve their sustainable development goals.
