Decree No. 29/2026/ND-CP on the operation of the domestic carbon market

Decree No. 29/2026/ND-CP establishes Vietnam’s domestic carbon trading system, providing the legal and institutional framework for the allocation, registration, and trading of greenhouse gas emission allowances and carbon credits. The system operates through a centralized exchange integrated with national securities market infrastructure and includes a pilot phase from 2025 to 2028, ahead of full implementation. It builds on Vietnam’s MRV and emissions quota system and forms the basis of a national emissions trading system (ETS).

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