Decree No. 29/2026/ND-CP on the Domestic Carbon Trading Platform was newly issued by the Government on 19 January 2026 (“Decree 29”) at the proposal of the Minister of Finance, following a long-anticipated wait. This is a key step towards developing the national carbon market.
The domestic carbon trading platform comprises two core systems: (i) a carbon trading system, organized and operated by the Hanoi Stock Exchange, which provides trading services for greenhouse gas emission quotas and carbon credits; and (ii) a carbon trading depository and settlement system, organized and operated by the Vietnam Securities Depository and Clearing Corporation, which provides depository and settlement services for transactions involving greenhouse gas emission quotas and carbon credits.
Decree 29 provides the regulatory framework, stipulating provisions on (i) trading principles on the domestic carbon trading platform, (ii) the rights and obligations of the Vietnam Securities Depository and Clearing Corporation, the State Securities Commission, and the Hanoi Stock Exchange; (iii) registration, domestic code issuance, and ownership transfer procedures for greenhouse gas emission quotas and carbon credits; (iv) the depository, trading, and settlement of transactions involving these instruments; (v) requirements, documentation, and procedures for registration to participate in both the trading and depository systems; and (vi) the responsibilities of relevant agencies and organizations in managing the platform, including reporting and information disclosure regimes.
By creating this transparent, regulated market, Decree 29 transforms greenhouse gas emission quotas and carbon credits into liquid financial instruments. This enables organizations to monetize surplus quotas and strengthen their ESG credentials, providing the legal certainty needed for strategic carbon asset management. The prompt completion of the National Registry System for Greenhouse Gas Emission Quotas and Carbon Credits by the Ministry of Natural Resources and Environment remains an essential next step to facilitate efficient transactions.
The full text of Decree 29 is attached below. Our detailed analysis of Decree 29 will be released shortly. To ensure you do not miss this and other legal insights, please subscribe to our updates.
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