Decree No.06/2022/ND-CP of the Government dated 07 January 2022 on mitigation of greenhouse gas emission and protection of the ozone layer sets out the development road map for the national carbon market under Article 17 as follows.

“1. The period up to the end of 2027

a) Formulating regulations on the management of carbon credits, activities on the exchange of GHG emission allowances carbon credits; formulating operation rules of the carbon trade exchange (CTX);

b) Pilot a domestic carbon crediting mechanism for potential sectors and guide the operation of domestic and international carbon exchange and cediting mechanisms following the law and the international treaties to which the Socialist Republic of Vietnam is a signatory.

c) Establishing and organizing the operation of a pilot CTX from 2025;

d) Carrying out activities to improve capacity and raise awareness about carbon market development.

2. The period from 2028 onwards

a) Official operation of the CTX in 2028;

b) Consider the linkage of domestic, regional, and global carbon markets.”