1. 越南正式啟用碳交易所 碳市場邁入新階段
越南於2026年6月29日正式啟用碳交易所（Sàn Giao dịch Carbon），象徵越南碳市場建設正式邁入實質運作階段。
本次試點交易商品為溫室氣體排放配額，交易代碼為 VN2025，首日交易價格最高達每噸二氧化碳當量（CO₂e）136,000越盾，成為越南碳市場的重要里程碑。
2. 首日交易價格最高達每噸13.6萬越盾
根據河內證券交易所（Sở Giao dịch Chứng khoán Hà Nội - HNX）公布資料，碳交易所於首個交易日共完成超過1,200噸CO₂e之排放配額交易，成交金額約1.617億越盾。
其中：
- 最高成交價格：136,000越盾／噸CO₂e
- 收盤價格：130,000越盾／噸CO₂e
所有交易資訊均透過河內證券交易所官方網站公開揭露，並每日更新市場成交結果。
什麼是溫室氣體排放配額？
溫室氣體排放配額，是指政府依法核定企業或產業於一定期間內得排放之最高溫室氣體數量。
依據越南政府規劃，2025年至2026年間，火力發電、鋼鐵及水泥三大高排放產業獲核配之排放配額總量超過5.11億噸CO₂e。
若企業排放量超過其獲配額度，則可依法：
✔ 向其他排放較低之企業購買排放配額；或
✔ 使用碳信用進行抵換，但抵換比例最高不得超過核配排放配額之30%。
圖片來源：vnexpress, Thủy Trương, 國內碳交易平台交易資訊表（2026年6月29日）
3. 試點階段僅交易排放配額 碳信用尚未納入交易商品
值得注意的是，目前越南碳交易市場仍處於試點階段。
依現行規定，本階段於交易所掛牌交易之商品僅限溫室氣體排放配額，尚未開放碳信用於交易所進行交易。
不過，企業仍可依相關規定，在符合法令要求下，以碳信用作為部分排放量之抵換工具，惟抵換比例不得超過核配排放配額之30%。
因此，排放配額與碳信用屬於不同制度及不同交易概念，企業應加以區分。
4. 企業如何參與碳交易？
參與碳交易之企業須透過經主管機關核准參與碳交易市場之證券公司開立交易帳戶。
交易流程與證券市場相近，企業完成買賣後，可即時收到成交通知，並定期取得帳戶及排放配額之相關對帳資料。
此外，試點期間企業參與碳交易所免收交易服務費，以降低企業參與門檻。
碳市場有助企業推動綠色轉型
碳交易所設立之核心目的，在於建立具彈性之市場機制，協助企業以市場方式降低減碳成本，同時兼顧企業經營效益與環境保護責任。
多位專家亦指出，企業參與碳市場，不僅有助於落實減碳管理，更能提升企業於ESG、永續治理及綠色金融等方面之競爭力。
相較於碳信用交易本身所帶來之收益，企業透過減碳措施取得更多綠色投融資機會，對企業長期發展可能具有更大價值。
5. 越南碳市場未來發展方向
依照政府規劃，越南碳交易所將持續進行試點至2028年，預計自2029年起正式全面運作。
主管機關表示，未來將持續參考國際碳市場發展經驗，完善市場制度、提升資訊透明度及強化中介服務機構能力，逐步建立符合國際接軌需求之越南碳交易市場。
越南碳交易所正式啟用，不僅代表越南碳市場邁入新的發展階段，也象徵企業減碳管理逐步由行政管制走向市場機制。隨著試點制度持續推進及市場逐步成熟，碳交易可望成為企業推動ESG、提升環境治理能力及因應全球綠色轉型的重要工具。
Vietnam Officially Launches Carbon Trading Market: First Carbon Allowance Trades Hit VND 136,000 per tCO₂e
Vietnam officially launched its carbon exchange on June 29, 2026, marking a major milestone in the country's carbon market development. The pilot market currently trades greenhouse gas emission allowances, with the first trading day recording prices of up to VND 136,000 per tCO₂e. This article explains how Vietnam's carbon market operates, the distinction between emission allowances and carbon credits, and what businesses should know as the country accelerates its green transition and ESG commitments.
1. Vietnam Officially Launches Carbon Exchange, Marking a New Chapter for the Carbon Market
Vietnam officially launched its Carbon Exchange on June 29, 2026, marking a significant milestone in the development of the country's domestic carbon market.
During the pilot phase, the exchange lists Greenhouse Gas Emission Allowances under the trading code VN2025. On its first trading day, the highest transaction price reached VND 136,000 per tonne of CO₂ equivalent (tCO₂e), reflecting the official start of market-based carbon pricing in Vietnam.
2. First Trading Day Records Prices of Up to VND 136,000 per tCO₂e
According to the Hanoi Stock Exchange (HNX), which operates the carbon exchange, more than 1,200 tCO₂e of emission allowances were traded on the first day, with a total transaction value of approximately VND 161.7 million.
Key market figures include:
✔ Highest traded price: VND 136,000 per tCO₂e
✔ Closing price: VND 130,000 per tCO₂e
Trading results are published daily on the official website of the Hanoi Stock Exchange to ensure market transparency.
What Are Greenhouse Gas Emission Allowances?
Greenhouse Gas Emission Allowances represent the maximum volume of greenhouse gases that a company or industry is legally permitted to emit within a specified compliance period.
For the 2025–2026 allocation period, Vietnam has approved more than 511 million tonnes of CO₂e in emission allowances for three high-emission sectors:
- Thermal power generation
- Steel production
- Cement manufacturing
Companies exceeding their allocated emission limits may:
✔ Purchase additional emission allowances from businesses with surplus allowances; or
✔ Use Carbon Credits to offset emissions, subject to a maximum offset limit of 30% of their allocated emission allowances, as permitted under current regulations.
3. Pilot Phase Covers Emission Allowances Only — Carbon Credits Are Not Yet Traded on the Exchange
A key point businesses should understand is that Vietnam's carbon market is still in its pilot stage.
At present, only Greenhouse Gas Emission Allowances are listed and traded on the Carbon Exchange.
Carbon Credits are not currently exchange-traded products.
However, under existing regulations, companies may still use eligible carbon credits as an offset mechanism, provided that such offsets do not exceed 30% of their allocated emission allowances.
Therefore, Emission Allowances and Carbon Credits are two distinct regulatory and market instruments, and businesses should clearly differentiate between the two.
4. How Can Businesses Participate in Carbon Trading?
Companies participating in the carbon market must open a trading account through an authorized securities company approved to access the Carbon Exchange.
The trading mechanism is similar to the securities market. Once a transaction is completed, participants receive immediate trade confirmations and regular account statements detailing both cash settlements and allowance holdings.
To encourage market participation, all trading service fees are waived during the pilot phase, which will continue through 2028.
Supporting Green Transformation Through Market-Based Mechanisms
The Carbon Exchange aims to establish a flexible financial mechanism that enables businesses to optimize emission reduction costs while aligning economic performance with environmental responsibility.
Industry experts also note that participation in the carbon market offers benefits beyond regulatory compliance. Companies actively managing carbon emissions can strengthen their ESG performance, enhance sustainability governance, and improve access to green financing opportunities.
In the long run, the financial value generated through improved ESG credentials and green investment opportunities is expected to exceed the direct revenue earned from carbon-related transactions alone.
5. The Future of Vietnam's Carbon Market
Under the Government's roadmap, Vietnam's Carbon Exchange will operate on a pilot basis through 2028, with full-scale implementation scheduled to begin in 2029.
Authorities plan to continue refining the legal framework, improving market transparency, strengthening intermediary institutions, and incorporating international best practices to develop a robust and internationally compatible carbon market.
The launch of Vietnam's Carbon Exchange marks an important step toward building a market-based approach to greenhouse gas management and sustainable development. As the pilot market continues to evolve, carbon trading is expected to become an increasingly important tool for businesses seeking to achieve ESG goals, enhance environmental governance, and remain competitive in the global transition toward a low-carbon economy.
來源：VnExpress（2026），“越南完成首筆碳交易，每噸二氧化碳當量（CO₂e）成交價為136,000越南盾”，https://vnexpress.net/viet-nam-ghi-nhan-giao-dich-carbon-dau-tien-gia-136-000-dong-mot-tan-co2e-5091078.html
#維律顧問 #法律諮詢 #越南律師事務所 #胡志明市 #平陽 #律所 #越南新規 #越南事務所 #東律法律 #律師事務所 #越南律師 #台灣律師 #在越南創業 #越南工業區 #越南關稅 #越南簽證 #越南投資
立即訂閱電子週刊！
掌握我們每週更新的重點快訊，第一時間了解最新法律條文、法規動態與市場資訊，與我們一同即時掌握越南市場趨勢！
商務法務 | 企業顧問 | 財稅報告 | 投資計畫
維律盛業商務顧問公司
LINE: https://lin.ee/gC5kqQ89 (點擊諮詢)
微信: @vigorouscg
提供多元支付：現金、銀行轉帳、支付寶【了解更多】: 🌐更多媒體平台
#越南碳交易所 #碳交易 #排放配額 #碳市場 #ESG #綠色金融 #永續發展 #越南法規 #CarbonMarket #VietnamBusiness#VietnamCarbonMarket #CarbonExchange #CarbonTrading #EmissionAllowances #CarbonCredits #ESG #GreenFinance #Sustainability #NetZero