BIDV Collaborates to Operate the Domestic Carbon Exchange
On June 22, 2026, in Hanoi, BIDV participated in the signing ceremony for the Memorandum of Understanding on the Organization and Operation of the Domestic Carbon Exchange between regulatory agencies and market participants to organize and operate the domestic carbon exchange
The signing ceremony was hosted by the Department of Climate Change (Ministry of Agriculture and Environment) with the participation of agencies and units involved in the preparatory process for operating the domestic carbon exchange. At the ceremony, BIDV General Director Le Ngoc Lam, representing the bank, signed the Memorandum of Understanding with the Vietnam Securities Depository and Clearing Corporation (VSDC).
The signing of these cooperation memorandums marks an important milestone in the implementation of Government Decree No. 29/2026/NĐ-CP on the operation of the domestic carbon exchange. This is a concrete step toward improving the coordination mechanism between state management agencies and market infrastructure operators, laying the foundation for the domestic carbon market to operate safely, transparently, and effectively in accordance with the roadmap approved by the Government.
The carbon market being developed in Vietnam will serve as a key tool to support the achievement of greenhouse gas emission reduction targets and the goal of reaching net-zero emissions by 2050 (NetZero). Through the trading of greenhouse gas emission allowances and carbon credits, the carbon market helps organizations and businesses optimize compliance costs, encourages investment in clean technologies, and improves energy efficiency. At the same time, this also presents an opportunity for domestic economic sectors to expand access to social resources for emission reduction activities, enhance their own competitiveness, and promote a shift toward a green, circular, and low-emission growth model.
According to Decree No. 29/2026/NĐ-CP, eligible greenhouse gas emission allowances and carbon credits will (i) be registered on the National Registry System managed by the Ministry of Agriculture and Environment, (ii) be deposited with the Vietnam Securities Depository and Clearing Corporation, (iii) traded on the trading system operated by the Hanoi Stock Exchange, and (iv) settled through the Carbon Transaction Settlement System (CSN) at BIDV.
Speaking at the ceremony, Mr. Nguyen Tuan Quang, Acting Deputy Director General of the Department of Climate Change, stated: “The cooperation agreements signed today establish a formal framework for the parties to agree on principles, points of contact, and methods for exchanging information and data; to coordinate in handling incidents; to carry out reporting, monitoring, and information disclosure; and to implement operations related to the registration, deposit, trading, and settlement of greenhouse gas emission allowances and carbon credits.”
Mr. Hoang Van Thu, Vice Chairman of the State Securities Commission, highly commended the close, proactive, and responsible cooperation of the relevant agencies and units in preparing the necessary conditions for the operation of the domestic carbon exchange; and added: “Today’s signing ceremony is of particular significance, not only as a milestone affirming the close coordination between state management agencies and market operators but also as a demonstration of our shared determination to fully prepare the necessary conditions for the domestic carbon exchange to begin operations.”
Based on the signed cooperation agreements, BIDV will continue to work closely with regulatory agencies in exchanging information and data and addressing any issues that arise; ensure information security and stable connectivity between systems, and provide guidance to market participants, thereby ensuring the domestic carbon exchange is ready to operate safely, transparently, smoothly, and effectively in accordance with the roadmap approved by the Government.
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