en.Wedoany.com Reported - Vietnam's carbon trading market is expected to establish a foundational platform for the registration and trading of carbon emission allowances and carbon credits, helping the country achieve its net-zero emissions target by 2050. As environmental standards in international export markets become increasingly stringent, carbon emissions are gradually becoming a key factor determining product competitiveness. To maintain an advantage in the carbon market, enterprises must not only upgrade production technologies but also establish a standardized and comprehensive carbon emission management system.
However, experts point out that due to a lack of relevant knowledge, data, and resources, most small and medium-sized enterprises (SMEs) are currently not equipped to participate in the carbon market. Additionally, generating carbon credits requires enterprises to meet both domestic and international technical standards in Vietnam, involving multiple stages such as carbon emission monitoring, reporting, and verification.
Le Chau Hai Vu, Manager of ConsulTech Enterprise Consulting Company, stated that to obtain carbon credit certification, enterprises must establish an MRV system, which involves monitoring, reporting, and verifying carbon emissions in accordance with Vietnamese regulations and international standards. Currently, most SMEs still lack the knowledge and resources needed to implement this system. High upfront investment costs, coupled with the still-developing legal framework for carbon credits, are significant obstacles facing enterprises.
Experts believe that the carbon market is not only a platform for carbon credit trading but also a crucial engine driving enterprises to transition towards low-carbon production models. Enterprises need to gradually conduct greenhouse gas inventories, increase investment in clean technologies, improve energy efficiency, and continuously standardize production processes. Many enterprises in Ho Chi Minh City have already begun to feel pressure from international partners regarding carbon emission standards and carbon certification. Early preparation not only helps enterprises adapt to new regulatory requirements but also has the potential to enhance export competitiveness.
Ngo Thi Thu Thuy, General Director of Fujiwa Co., Ltd. in Ho Chi Minh City, pointed out that Fujiwa is very eager to participate in the carbon market and carbon certification projects. In the future, carbon certification will become an important entry requirement for products to access many international markets. However, for enterprises to truly participate, the government needs to provide specific guidance on professional knowledge and implementation procedures, which is currently the company's primary concern. The company is actively expanding overseas markets and hopes to start from the factory production stage to gradually meet various carbon emission standards.
In addition to further improving carbon emission monitoring, reporting, and verification processes, more policies on financial support, technical consulting, and talent training should be introduced to create favorable conditions for the green transformation of enterprises, especially SMEs, and to enhance their capacity for green development.
Le Chau Hai Vu further noted that what enterprises currently need most is a clear financial support mechanism. Many banks and international institutions are willing to provide financing for emission reduction projects, but relatively few enterprises can actually access these funds. If a well-established support mechanism can be created, it will provide strong backing for enterprises to accelerate their green transformation and actively participate in the carbon market.
The official launch of the carbon trading market has opened a new development track for Vietnamese enterprises. For Ho Chi Minh City, which hosts the largest concentration of manufacturing and export enterprises in the country, this represents both a significant opportunity to deeply integrate into the global green value chain and a driving force for transforming the economic growth model towards greening and sustainability.
