Vietnam's carbon-market law runs through Decree No. 119/2025/ND-CP, dated 9 June 2025, Decree No. 29/2026/ND-CP, dated 19 January 2026, and Circular No. 11/2026/TT-BNNMT, dated 13 February 2026, moving from decree-level carbon-market design toward a national GHG-quota and carbon-credit registry. Its framework instrument, the Law on Environmental Protection 2020, is elaborated by Decree No. 06/2022/ND-CP, covering GHG mitigation, MRV and the domestic carbon-market architecture, and amended by Decree No. 119/2025/ND-CP to add Article 6.2 and 6.4 international-transfer mechanics.
Projects
Ca Mau Mangrove Restoration
Restoring and protecting 1,500 ha of mangroves across six coastal communes of Ca Mau, from 2026 to 2032.
Da Mi Floating Solar Energy Project
47.5 MWp of floating solar panels on the reservoir of an existing 175 MW hydropower plant.
GreenYellow Smart Solutions Rooftop Solar Project
45 rooftop solar systems on commercial and industrial sites across Vietnam, totalling 32.3 MW.
Grouped Projects for Viet Nam Cookstove Program
A Verra-registered improved-cookstove programme distributing stoves across 30 provinces of Vietnam.
Mekong Delta Mangrove Restoration
Mangroves replanted across working shrimp farms in Cà Mau, blending forest recovery with farmer income.
SNV Vietnam Biogas Programme
SNV's national biogas programme built over 158,000 digesters across Vietnam since 2003.
Vietnam Emission Reductions Program (FCPF, North Central Region)
A World Bank-administered results-based payment programme across six North Central Vietnam provinces.
Vietnam Water Purifier Project
A $50 million World Bank Emission Reduction-Linked Bond financing water purifiers for Vietnamese schools.
Regulation
Framework law
"As stated in article 1, this Decree elaborates some articles of the Law on Environmental Protection, including article 91 on reduction of GHG emissions, article 92 on ozone layer protection, and article 139 on the organisation and development of a domestic carbon market... Decree No. 119/2025/ND-CP dated 9 June 2025 amending and supplementing certain provisions of Decree No. 06/2022/ND-CP contains provisions on carbon credit transfer and carbon trading mechanisms under Articles 6.2 and 6.4 of the Paris Agreement, responsibilities of various government agencies and provincial authorities for greenhouse gas emissions monitoring"climate-laws.org document summary field (quotes LEP articles 91, 92, 139 verbatim)
The framework Law on Environmental Protection 2020 (arts. 91/92/139) is elaborated by Decree 06/2022 (GHG mitigation, MRV, domestic carbon-market architecture) and amended by Decree 119/2025 (Article 6.2/6.4 transfer mechanisms).
Issuing body: Ministry of Agriculture and Environment, formerly Ministry of Natural Resources and Environment / MONRE · Single source
NDC
No ndc instrument located. Checked: none found, checked climate-laws.org geography listing (110 total documents, most recent 4 show no NDC3.0) and UNDP Vietnam coverage
Carbon market
"Circular No. 11/2026/TT-BNNMT Circular on Management and Operation of National Registry System for Greenhouse Gas Emission Quotas and Carbon Credits" (dated 2026-02-13); "Decree No, 29/2026/ND-CP" (dated 2026-01-19)climate-laws.org geography family listing
Vietnam has moved from decree-level carbon-market design (06/2022, 119/2025) to operationalising a national GHG-quota/carbon-credit registry via a 2026 decree and implementing circular; ICAP reported a pilot ETS launch around mid-2025.
Issuing body: Ministry of Agriculture and Environment · Single source
Net-zero / LTS
"Chủ động thích ứng hiệu quả, giảm mức độ dễ bị tổn thương, tổn thất và thiệt hại do biến đổi khí hậu; giảm phát thải khí nhà kính theo mục tiêu phát thải ròng bằng “0” vào năm 2050, đóng góp tích cực và trách nhiệm với cộng đồng quốc tế trong bảo vệ hệ thống khí hậu trái đất; tận dụng cơ hội từ ứng phó biến đổi khí hậu để chuyển đổi mô hình tăng trưởng, nâng cao sức chống chịu và cạnh tranh của nền kinh tế."Section III.1, Mục tiêu tổng quát (general objective), p.3 of the signed decision; date and number on p.1 (Hà Nội, 26 July 2022)
Vietnam's national climate change strategy to 2050, approved by the Prime Minister, which sets net-zero greenhouse gas emissions by 2050 as its general objective alongside effective adaptation, with 2030 targets including forest cover of at least 42% and protection of land and marine areas.
Issuing body: Thủ tướng Chính phủ, Prime Minister of Vietnam · Single source