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At the Vietnam Pavilion at COP31, Vietnam discussed making its carbon market more transparent and efficient while strengthening international cooperation. The country sees the market as a way to meet its climate commitments and encourage businesses to update technology, save energy and reduce emissions.
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.
Vietnam presented progress on its carbon market at a COP31 side event on November 13. Its domestic carbon trading platform opened on June 29 at the Hanoi Stock Exchange, and the pilot emissions trading scheme covers 110 facilities in the power, steel and cement sectors. International partners pledged continued technical and policy support.
Vietnam’s carbon trading platform recorded transactions totaling 1,310 metric tons of CO2 equivalent in nearly five months of operation. The head of a UN project services agency energy transition program says carbon pricing could encourage businesses to invest in emissions reductions and help projects access international green funding.
On November 10, the Vietnamese government adopted a resolution revising parts of its national energy security action plan, including support for rooftop solar, preferential credit for green energy, electricity market reforms and oversight of energy projects. The resolution sets deadlines for several measures.
