HCMC – The legal framework for the management and operation of the National Registry for greenhouse gas (GHG) emission quotas and carbon credits will take effect on March 30.
The Ministry of Agriculture and Environment has issued Circular No. 11/2026/TT-BNNMT that is designed to ensure transparency, security, and traceability within Vietnam’s burgeoning domestic carbon market.
Under the new regulations, the National Registry will serve as the one-stop-shop portal for all domestic carbon assets. Every organization or agency is entitled to only one registration account, which is linked to their tax code number.
This account will be used to manage and fulfill compliance obligations for all subordinate facilities. All transactions within the system – including transfers, lending and carbon offsets – must be authenticated via the national public service portal’s electronic identity platform, granting them the same legal weight as physically signed documents.
The Ministry of Agriculture and Environment holds exclusive authority to issue unique domestic identification codes and serial numbers for all quotas and credits. These digital assets cannot be reissued once canceled. To ensure a seamless market, the ministry will maintain high-speed, encrypted data links with the Vietnam Securities Depository and Clearing Corporation (VSDC) and the Hanoi Stock Exchange (HNX). Data reconciliation will be performed at the end of each business day to detect and rectify any discrepancies across trading and depository systems.
This move aligns Vietnam with international standards for carbon accounting, providing a secure infrastructure for businesses to trade and manage their environmental liabilities. The circular also emphasizes strict adherence to state secret protection and cybersecurity laws to safeguard market integrity as Vietnam prepares for the full-scale operation of its domestic carbon exchange.
