Vietnam Launches Carbon Market Information Portal at COP31
Vietnam launched a carbon market information portal at COP31 to publish market policies, regulations and operational information. It has allocated 2025–2026 emissions quotas to 110 facilities in the thermal power, steel and cement sectors, and has launched a national registry and a domestic carbon exchange.
On November 13, Vietnam launched a carbon market information portal at a COP31 event in Antalya, Türkiye, making market policies, regulations and operational information available to businesses, investors and others. The event was jointly organized by Vietnam’s Climate Change Department (Cục Biến đổi khí hậu), the United Nations Development Programme, the United Nations Office for Project Services and others.
An event at the Vietnam Pavilion during COP31 in Antalya, Türkiye.（VietVance）
Vietnam has allocated greenhouse gas emissions quotas for 2025–2026 to 110 facilities in the thermal power, steel and cement sectors. The national registry for emissions quotas and carbon credits is operational, and the domestic carbon exchange opened on June 29, 2026. Bùi Đức Hiếu, deputy director of the Climate Change Department, said the market still needs a stronger system for measuring, reporting and verifying emissions, as well as greater capacity among businesses to participate.
Vietnam plans to build its domestic carbon market as a mandatory emissions trading system based on cap and trade. Its main traded products are emissions quotas and carbon credits, with each quota granting the right to emit 1 metric ton of carbon dioxide or its equivalent. The Climate Change Department is responsible for policy management, quota allocation and the national registry; the Hanoi Stock Exchange (Sở Giao dịch Chứng khoán Hà Nội) organizes trading; and the Vietnam Securities Depository and Clearing Corporation (Tổng công ty Lưu ký và Bù trừ chứng khoán Việt Nam) handles custody, ownership transfers and settlement.
Since 2022, the United Nations Development Programme has supported Vietnam in developing carbon market policies and an implementation roadmap, and has helped build the registry. A program under the United Nations Office for Project Services has provided technical support for the design of the trading system, quota allocation and international cooperation. This work includes preparing 20 technical reports, working with 535 businesses and training about 600 participants.
Source: VietVance
