Hanoi, Vietnam, Jan. 20 -- Decree 29 stipulates that the domestic carbon exchange is a comprehensive legal framework for the organization and operation of the carbon market in Viet Nam.
Comprising six chapters and 35 articles, Decree 29 regulates activities related to the domestic carbon trading platform such as registration, domestic coding, transfer of ownership, custody, trading, and settlement of greenhouse gas (GHG) emission quotas and eligible carbon credits. It also defines the responsibilities of governing agencies and organizations in managing the exchange, as well as requirements for reporting and information disclosure.
The applicable entities include the Viet Nam Securities Depository and Clearing Corporation (VSDC), the Viet ...