Viet Nam Emissions Trading System (pilot phase)
Viet Nam's national ETS is in a pilot phase covering 2025–2028, with free allocation to 110 thermal power, steel and cement facilities and compliance obligations applying from 2025. Allowance caps were approved by a Prime Minister's Decision in February 2026, and a domestic carbon exchange opened at the Hanoi Stock Exchange on 29 June 2026.
Legal reference Law on Environmental Protection (2020); Decree 06/2022/ND-CP; Decree 119/2025/ND-CP; Decision 263/QD-TTg (9 Feb 2026); Decree 29/2026/ND-CP (19 Jan 2026)
Checked against International Carbon Action Partnership (ICAP) · 4 Oct 2026