The "Policy Dialogue and Development of Financial Instruments" program, co-organized by the Danang International Financial Center (VIFC-DN) and the International Finance Corporation (IFC - World Bank Group), took place from September 7–11, 2026, in Danang.
Chaired by Mr. Ho Ky Minh, Vice Chairman of the Danang People’s Committee and Executive Chairman of VIFC-DN, the event brought together reputable speakers and leading domestic and international banking and finance experts, promising to deliver multi-dimensional, in-depth perspectives and breakthrough solutions for VIFC-DN.
The 5-day seminar series aimed to shape the legal framework, promote new financial instruments, public and private investment funds, green financial mechanisms, supply chain financing, and the development of the voluntary international carbon market in Vietnam.
On Days 2 and 4 of the event, Dr. Nguyen Phuong Nam delivered strategic perspectives through two key presentations related to the carbon market: "Current Legal Regulations on Carbon Credits: Key Considerations for Creating and Utilizing Carbon Credits as Financial Products in Vietnam" and "Recommendations for the Vietnam International Financial Center (VIFC)." The first presentation focused on clarifying the concept and feasibility of carbon credits as collateral in financial credit and transaction activities. The second provided practical policy recommendations to turn carbon credits into a breakthrough financial product, establishing a core competitive advantage for the Vietnam International Financial Center (VIFC) in attracting global green capital flows.
On Day 3, Mr. Kai Zhao from the University of Washington (USA) delivered a presentation titled "International Development of Carbon Credits: From the Kyoto Protocol to the Paris Agreement and the Modern Carbon Market." The highlight of his session focused on the historical development of the international carbon market, defining the four core characteristics of a valid credit: additionality, permanence, measurability, and enforceability through a registry system.
On the final day of the seminar series, Dr. Kyle Holland shared practical experiences in designing and implementing carbon credit generation projects following his successful development of a financial structure for a carbon credit project. This featured a $210 million non-recourse project finance facility between JPMorgan, Chestnut Carbon, and Microsoft for 7 million carbon credits over 25 years.
(Photo source: Organizing Committee)
