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Vietnam Launches Pilot Carbon Market

25 Jun

Summary

Vietnam initiates its pilot carbon market next week.
92 local companies will participate in emissions trading.
Over 511 million tons of allowances allocated for 2025-2026.

Vietnam is launching its pilot carbon market next week, a significant initiative for environmental governance. Ninety-two local companies, featuring prominent names like Hoa Phat Group, Formosa Ha Tinh Steel Corp., and Vietnam Electricity Group, will engage in emissions quota trading.

This pilot program has allocated a substantial amount of greenhouse gas emissions allowances. For the 2025-2026 period, the total allowances are set at approximately 511.47 million tons. This move positions Vietnam to further its commitment to a greener economy through regulated emissions trading.

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