Vietnam will launch a domestic carbon emissions trading pilot on June 29,
running through Dec. 24, 2027, and covering 92 local firms including Hoa Phat
Group, Formosa Ha Tinh Steel and Vietnam Electricity (EVN). The climate agency
said about 511.47 mln tCO2e of GHG allowances have been allocated for 2025-26.
The pilot targets coal-fired power, steel and cement producers; high-emitting
firms are eligible to participate. Allowances and carbon credits will trade on
the Hanoi Stock Exchange; companies may use credits to offset up to 30% of their
allocated allowances. Vietnam plans a formal national carbon trading platform in
2029.
