CARBON MARKET: POTENTIAL OPPORTUNITIES FOR VIETNAMESE BUSINESSES

Currently, the legal framework and regulations regarding the carbon market in Vietnam are being continuously refined, with the aim of achieving the national goal of reaching net-zero emissions by 2050. The government, along with relevant ministries and agencies, has issued several legal directives to guide the development of the Carbon Market, creating favorable conditions for organizations and businesses to participate. These laws and regulations play a crucial role in promoting stakeholder engagement, contributing to the reduction of greenhouse gas emissions, and fostering sustainable economic development.

Here are some legal frameworks and regulations on the Carbon Market that businesses should follow:

• Law on Environment Protection 2020
• Decree 06/2022/ND-CP on mitigation of Greenhouse gas (GHG) Emission and protection of Ozone layer
• Decree No.08/2022/ND-CP on elaboration of several Articles of the Law on Environmental Protection
• Decree No.45/2022/ND-CP on penalties for administrative environmental protection offences
• Decision No.13/2024/QD-TTg (updated) lists of sectors and establishments emitting greenhouse gases subject to greenhouse gas inventory
• Decision No.148/QD-TTg 2022 promulgating the national-level climate change adaptation monitoring

The issuance of guiding documents not only helps businesses move closer to their sustainable development goals but also opens up opportunities to build potential financial resources in the future. KLINOVA is always ready to accompany businesses on their journey of innovation, providing strategic consulting and support in developing sustainable growth roadmaps. This helps businesses gradually participate in and fully leverage the opportunities from the Carbon Market.