Vietnam has issued Decree No. 29/2026/NĐ-CP, establishing the legal framework for a national carbon trading platform. 

The centralized market will operate under government supervision, with the Hanoi Stock Exchange (HNX) running the trading system and the Vietnam Securities Depository and Clearing Corporation (VSDC) handling custody and settlement. The Vietnam Exchange (VNX) is responsible for overall market supervision and management. 

The system aims to ensure transparent and traceable carbon transactions. Building a national emissions trading system (ETS) is essential for linking with international carbon markets under the Paris Agreement’s Article 6 framework. The move also prepares Vietnamese exporters for stricter climate regulations, including the EU’s Carbon Border Adjustment Mechanism (CBAM), which increasingly affects global trade competitiveness.