BIDV Collaborates to Launch the Carbon Trading System
On June 29, 2026, in Hanoi, BIDV collaborated with regulatory agencies to launch the carbon trading system.
The system is led by the Ministry of Finance and the Ministry of Agriculture and Environment. Previously, on June 9, 2026, BIDV was officially approved by the State Securities Commission (SSC) to serve as the settlement bank for greenhouse gas emission quota transactions and carbon credit trades on Vietnam’s carbon trading platform.
Attendees at the launch ceremony included Mr. Tran Hong Ha—former member of the Party Central Committee and former Deputy Prime Minister; Mr. Nguyen Duc Chi—member of the Standing Committee of the Party Committee and Deputy Minister of Finance; Mr. Le Cong Thanh—Member of the Standing Committee of the Party Committee and Deputy Minister of Agriculture and Environment; Ms. Vu Thi Chan Phuong—Chairwoman of the State Securities Commission; along with representatives of the leadership from relevant agencies, departments, and international organizations.
Representing BIDV at the opening ceremony were Mr. Pham Quang Tung, Member of the Board of Directors; Mr. Lai Tien Quan, Deputy General Director; and Ms. Pham Vu Thien Nga, Director of the Financial Institutions Department.
The banking system for the carbon market (BIDV Carbon Settlement Network – CSN) was built on BIDV’s modern technological platform, building on the proven operational experience and processing capabilities from the equity settlement system that BIDV has operated safely and smoothly for over two decades.
BIDV CSN is designed to automatically process the entire workflow and settlement instructions, connecting directly to the systems of Depository Members and the Vietnam Securities Depository and Clearing Corporation (VSDC). The system is built on three core principles: (i) high automation, with real-time transaction processing on the trading day; (ii) interoperability and transparency with carbon registration, trading, and custody systems; and (iii) security and reliability through robust risk management mechanisms and strict transaction controls.
As a result, BIDV CSN has established a modern payment infrastructure, enabling the swift, transparent, secure, and efficient flow of funds among carbon market participants, thereby helping to ensure the smooth and sustainable operation of the domestic carbon market.
According to the World Bank (WB), in recent years, emissions pricing and trading systems have become one of the key pillars of “green growth” globally. Not only does the carbon market provide incentives to reduce emissions at the lowest possible cost to the economy, but it also helps mobilize large-scale financial resources, promote innovation, and enhance each country’s competitiveness amid the rapid global transition toward a green economy. Consequently, the BIDV CSN system, which has been officially launched in the carbon market, has become one of the key payment systems for Vietnam’s financial market, affirming the contribution of BIDV in particular and the banking sector in general to the national goal of reducing greenhouse gas emissions, working alongside the government to control emissions, create economic incentives, and encourage businesses to invest in clean technologies.
At the close of trading on the opening day, the Hanoi Stock Exchange recorded a trading volume of 1,210 metric tons of CO2e. The most recent trading price reached 130,000 VND per metric ton of CO2e. All transactions were settled automatically and instantly, ensuring that transaction processing times and procedures complied with regulations.
