Tiếng Việt
1. Project Objectives:
- Establish and develop a carbon market in Vietnam to reduce greenhouse gas emissions.
- Support the achievement of the “net-zero” emissions target by 2050.
- Create new financial flows, promote low-emission technologies, and enhance business competitiveness.
2. Implementation Phases:
- Before June 2025: Finalize the legal framework, market infrastructure, and enhance management capacity.
- Pilot Phase (2025 – 2028):
- Pilot the carbon market nationwide.
- Allocate free greenhouse gas emission quotas for certain sectors.
- Carbon credits are verified and traded through the carbon exchange.
- Official Operation from 2029:
- The carbon market officially operates.
- Consider expanding the scope of applied sectors and quota allocation methods (free & auction).
- Expand the types of tradable carbon credits.
3. Tradable Commodities on the Carbon Market:
- Greenhouse gas emission quotas (allocated for free or via auction).
- Carbon credits (from domestic and international mechanisms, such as CDM, JCM, Article 6 of the Paris Agreement).
4. Trading Mechanism:
- Transactions are conducted on the domestic carbon exchange operated by the Hanoi Stock Exchange.
- The Ministry of Natural Resources and Environment issues codes and manages transactions.
- Automated payment system, executed through qualified commercial banks.
5. Tasks and Solutions:
- Finalize the trading mechanism and market commodities.
- Clearly define the participating entities.
- Develop the national registry system and the trading exchange.
- Organize systematic market operation with strict controls.
- Raise awareness and build capacity for businesses and management agencies.
