On 19 January 2026, the Government issued Decree No.
29/2026/ND-CP ("Decree 29"), officially establishing the
regulatory architecture for the domestic carbon trading
exchange.
Decree 29 provides the long-awaited implementation guidelines
for the trading of Greenhouse Gas (GHG) emission quotas and carbon
credits. It operationalizes the market by assigning the Hanoi Stock
Exchange (HNX) to run the trading platform and the Vietnam
Securities Depository and Clearing Corporation (VSDC) to handle
registration, custody, and settlement. Key highlights:
- Market Infrastructure: The carbon market will operate similarly
to the securities market but with specific constraints to ensure
environmental integrity: All emission quotas and carbon credits
must be centrally registered on the National Registration System
before trading. The Ministry of Agriculture and Environment manages
registration, domestic code issuance, and transfers trading data to
the Vietnam Securities
