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Hai Phong city will pilot greenhouse gas emission reduction through carbon credit exchange and offset mechanisms in 2026.
In mid-October 2025, the Hai Phong People’s Committee issued Decision No. 188/2025/QD-UBND on the issuance of a coordination mechanism for State management of greenhouse gas inventory and mitigation.
This marks an important step for the city to pilot a carbon credit trading platform in 2026 and concretize a special budget policy under the National Assembly’s Resolution No. 226/2025/QH15.
According to the resolution, Hai Phong will carry out pilot activities to reduce greenhouse gas emissions through carbon credit trading and offset mechanisms in 2026.
Enterprises and organizations are encouraged to view participation in the carbon credit market not only as compliance with legal requirements, but also as an opportunity to save energy, reduce production costs, enhance competitiveness and reputation, and access green finance, clean technologies, and international partners.
As one of Vietnam’s major industrial and seaport centers, Hai Phong faces growing challenges from greenhouse gas emissions alongside its dynamic economic growth.
Therefore, implementing greenhouse gas inventory and mitigation regulations plays a vital role in fulfilling the goals of the National Climate Change Strategy and Vietnam’s commitment to achieve net zero emissions by 2050, as declared at COP26. Despite challenges, the carbon credit market, if approached effectively, offers significant development potential.
Hai Phong’s proposal to pilot a carbon credit trading platform represents a preparatory step for local businesses and authorities to engage in Vietnam’s carbon credit market.
To ensure success, the city has established an inter-agency task force with representatives from departments, sectors, and localities, working closely with ministries and Central agencies for technical guidance.
This thorough preparation is key to ensuring market integrity and attracting both buyers and sellers. Based on the city’s objectives, enterprises can identify suitable solutions and seize emerging opportunities.
However, it is essential for businesses to proactively build capacity and study the market. At the same time, an early completion of the legal framework will create favorable conditions for their active participation in the carbon credit market.
BAO CHAU
