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Design","/en/part-4-tools-training-and-technical-support-for-smes/which-universities-and-non-governmental-organizations-ngos-can-support-smes-in-designing-or-veri","en/04.part-4-tools-training-and-technical-support-for-smes/07.which-universities-and-non-governmental-organizations-ngos-can-support-smes-in-designing-or-veri",{"title":237,"path":238,"stem":239,"index":132},"Vietnam Carbon Market Policy Updates | MONRE, VCCI, VBCSD Sources","/en/part-4-tools-training-and-technical-support-for-smes/how-can-businesses-regularly-update-new-policies-regarding-the-carbon-market-in-vietnam","en/04.part-4-tools-training-and-technical-support-for-smes/08.how-can-businesses-regularly-update-new-policies-regarding-the-carbon-market-in-vietnam",{"title":241,"path":242,"stem":243,"index":137},"PPP Models for SME Carbon Projects | Vietnam Examples","/en/part-4-tools-training-and-technical-support-for-smes/what-existing-public-private-partnership-ppp-models-help-smes-implement-carbon-projects","en/04.part-4-tools-training-and-technical-support-for-smes/09.what-existing-public-private-partnership-ppp-models-help-smes-implement-carbon-projects",{"title":245,"icon":6,"items":246,"path":257,"stem":258,"children":259,"page":6},"PART 5: RISK GOVERNANCE, TRANSPARENCY, AND GOOD PRACTICES",[247,248,249,250,251,252,253,254,255,256],"01.how-to-avoid-greenwashing-and-ensure-project-credibility","02.what-is-the-criterion-for-assessing-additionality-in-a-project","03.what-happens-if-a-project-fails-to-achieve-the-committed-emission-reduction-targets","04.how-to-control-the-risk-of-leakage-and-ensure-permanence","05.what-is-vietnam-doing-to-prevent-double-counting","06.how-should-sme-businesses-react-if-ets-regulations-change-suddenly","07.what-mechanisms-ensure-transparency-when-registering-and-trading-carbon-credits","08.how-to-demonstrate-co-benefits-social-ecosystem-to-attract-investors","09.what-governance-principles-should-smes-follow-to-ensure-transparency-throughout-the-entire-cycle","10.transparency-governance-checklist-for-smes-participating-in-the-carbon-market","/en/part-5-risk-governance-transparency-and-good-practices","en/05.part-5-risk-governance-transparency-and-good-practices",[260,264,268,272,276,280,284,288,292,296],{"title":261,"path":262,"stem":263,"index":97},"Avoid Greenwashing and Ensure Project Credibility | MRV Framework Vietnam","/en/part-5-risk-governance-transparency-and-good-practices/how-to-avoid-greenwashing-and-ensure-project-credibility","en/05.part-5-risk-governance-transparency-and-good-practices/01.how-to-avoid-greenwashing-and-ensure-project-credibility",{"title":265,"path":266,"stem":267,"index":102},"Additionality Assessment in Vietnam | Project Credibility Criteria","/en/part-5-risk-governance-transparency-and-good-practices/what-is-the-criterion-for-assessing-additionality-in-a-project","en/05.part-5-risk-governance-transparency-and-good-practices/02.what-is-the-criterion-for-assessing-additionality-in-a-project",{"title":269,"path":270,"stem":271,"index":107},"Project Target Failure Consequences | Credit Issuance Vietnam","/en/part-5-risk-governance-transparency-and-good-practices/what-happens-if-a-project-fails-to-achieve-the-committed-emission-reduction-targets","en/05.part-5-risk-governance-transparency-and-good-practices/03.what-happens-if-a-project-fails-to-achieve-the-committed-emission-reduction-targets",{"title":273,"path":274,"stem":275,"index":112},"Leakage Control and Permanence | Vietnam AFOLU Project Measures","/en/part-5-risk-governance-transparency-and-good-practices/how-to-control-the-risk-of-leakage-and-ensure-permanence","en/05.part-5-risk-governance-transparency-and-good-practices/04.how-to-control-the-risk-of-leakage-and-ensure-permanence",{"title":277,"path":278,"stem":279,"index":117},"Vietnam Double Counting Prevention | MRV Registry and Article 6","/en/part-5-risk-governance-transparency-and-good-practices/what-is-vietnam-doing-to-prevent-double-counting","en/05.part-5-risk-governance-transparency-and-good-practices/05.what-is-vietnam-doing-to-prevent-double-counting",{"title":281,"path":282,"stem":283,"index":122},"ETS Regulation Changes | SME Response Strategy Vietnam","/en/part-5-risk-governance-transparency-and-good-practices/how-should-sme-businesses-react-if-ets-regulations-change-suddenly","en/05.part-5-risk-governance-transparency-and-good-practices/06.how-should-sme-businesses-react-if-ets-regulations-change-suddenly",{"title":285,"path":286,"stem":287,"index":127},"Transparency Mechanisms Vietnam Carbon Credits | HNX Exchange and MRV Registry","/en/part-5-risk-governance-transparency-and-good-practices/what-mechanisms-ensure-transparency-when-registering-and-trading-carbon-credits","en/05.part-5-risk-governance-transparency-and-good-practices/07.what-mechanisms-ensure-transparency-when-registering-and-trading-carbon-credits",{"title":289,"path":290,"stem":291,"index":132},"Demonstrate Co-Benefits | Attract Investors Vietnam Carbon Projects","/en/part-5-risk-governance-transparency-and-good-practices/how-to-demonstrate-co-benefits-social-ecosystem-to-attract-investors","en/05.part-5-risk-governance-transparency-and-good-practices/08.how-to-demonstrate-co-benefits-social-ecosystem-to-attract-investors",{"title":293,"path":294,"stem":295,"index":137},"SME Governance Principles | Vietnam Carbon Market Transparency","/en/part-5-risk-governance-transparency-and-good-practices/what-governance-principles-should-smes-follow-to-ensure-transparency-throughout-the-entire-cycle","en/05.part-5-risk-governance-transparency-and-good-practices/09.what-governance-principles-should-smes-follow-to-ensure-transparency-throughout-the-entire-cycle",{"title":297,"path":298,"stem":299,"index":68},"SME Carbon Market Checklist | Vietnam Transparency Governance","/en/part-5-risk-governance-transparency-and-good-practices/transparency-governance-checklist-for-smes-participating-in-the-carbon-market","en/05.part-5-risk-governance-transparency-and-good-practices/10.transparency-governance-checklist-for-smes-participating-in-the-carbon-market",{"title":301,"icon":6,"items":302,"path":310,"stem":311,"children":312,"page":6},"PART 6: INTERNATIONAL EXPERIENCE",[303,304,305,306,307,308,309],"01.globally-what-models-or-strategies-have-small-and-medium-manufacturing-enterprises-in-the-steel","02.globally-what-models-and-strategies-have-businesses-in-the-logistics-distribution-and-warehousin","03.internationally-what-solutions-have-small-and-medium-sized-commercial-buildings-and-real-estate","04.what-cultivation-or-forest-management-models-have-helped-international-agriculture-and-forestry","05.at-the-international-level-what-are-the-business-models-of-companies-providing-esg-consulting-se","06.have-any-countries-successfully-organized-and-implemented-a-collective-carbon-project-model-invo","07.how-do-international-businesses-overcome-the-barrier-of-lacking-internal-technical-capacity-for","/en/part-6-international-experience","en/06.part-6-international-experience",[313,317,321,325,329,333,337],{"title":314,"path":315,"stem":316,"index":97},"Global Steel/Cement SME Emissions Reduction | Carbon Credit Projects","/en/part-6-international-experience/globally-what-models-or-strategies-have-small-and-medium-manufacturing-enterprises-in-the-steel","en/06.part-6-international-experience/01.globally-what-models-or-strategies-have-small-and-medium-manufacturing-enterprises-in-the-steel",{"title":318,"path":319,"stem":320,"index":102},"Global Logistics Emissions Reduction | Route Optimization and EV Fleet","/en/part-6-international-experience/globally-what-models-and-strategies-have-businesses-in-the-logistics-distribution-and-warehousin","en/06.part-6-international-experience/02.globally-what-models-and-strategies-have-businesses-in-the-logistics-distribution-and-warehousin",{"title":322,"path":323,"stem":324,"index":107},"Global Commercial Buildings Emissions | LED Lighting and Smart BMS Solutions","/en/part-6-international-experience/internationally-what-solutions-have-small-and-medium-sized-commercial-buildings-and-real-estate","en/06.part-6-international-experience/03.internationally-what-solutions-have-small-and-medium-sized-commercial-buildings-and-real-estate",{"title":326,"path":327,"stem":328,"index":112},"Global Agroforestry Models | Sustainable Forest Management and REDD+","/en/part-6-international-experience/what-cultivation-or-forest-management-models-have-helped-international-agriculture-and-forestry","en/06.part-6-international-experience/04.what-cultivation-or-forest-management-models-have-helped-international-agriculture-and-forestry",{"title":330,"path":331,"stem":332,"index":117},"Global ESG Consulting Business Models | Carbon Market Services","/en/part-6-international-experience/at-the-international-level-what-are-the-business-models-of-companies-providing-esg-consulting-se","en/06.part-6-international-experience/05.at-the-international-level-what-are-the-business-models-of-companies-providing-esg-consulting-se",{"title":334,"path":335,"stem":336,"index":122},"Collective Carbon Projects | Family Forest Program and Cookstove Models","/en/part-6-international-experience/have-any-countries-successfully-organized-and-implemented-a-collective-carbon-project-model-invo","en/06.part-6-international-experience/06.have-any-countries-successfully-organized-and-implemented-a-collective-carbon-project-model-invo",{"title":338,"path":339,"stem":340,"index":127},"Overcome MRV Technical Capacity | ESG Consulting and Software Solutions","/en/part-6-international-experience/how-do-international-businesses-overcome-the-barrier-of-lacking-internal-technical-capacity-for","en/06.part-6-international-experience/07.how-do-international-businesses-overcome-the-barrier-of-lacking-internal-technical-capacity-for",{"title":342,"path":343,"stem":344},"About Us","/en/about-us","en/about-us",{"id":346,"title":53,"body":347,"description":497,"extension":498,"links":499,"meta":500,"navigation":501,"path":54,"seo":502,"stem":55,"__hash__":513},"docs_en/en/01.part-1-concepts-and-legal-documents-related-to-carbon-credits/07.how-does-the-voluntary-carbon-market-differ-from-the-pilot-emission-trading-system-ets-in-vietna.md",{"type":348,"value":349,"toc":493},"minimark",[350,355,363,366,447,460,465],[351,352,354],"h1",{"id":353},"how-does-the-voluntary-carbon-market-differ-from-the-pilot-emission-trading-system-ets-in-vietnam","How does the voluntary carbon market differ from the pilot Emission Trading System (ETS) in Vietnam?",[356,357,358,359],"p",{},"As Vietnam prepares to launch its pilot Emission Trading System (ETS), it is important to understand how this new compliance market will differ from the existing Voluntary Carbon Market (VCM). While both involve the trading of environmental assets, they operate on fundamentally different principles and serve distinct purposes. The VCM is driven by voluntary corporate climate goals, whereas the ETS is a regulatory tool designed to enforce national emission reduction targets.",[360,361,362],"span",{},"19",[356,364,365],{},"Here is a detailed comparison of the two systems:",[367,368,369,385],"table",{},[370,371,372],"thead",{},[373,374,375,379,382],"tr",{},[376,377,378],"th",{},"Criteria",[376,380,381],{},"Voluntary Carbon Market (VCM)",[376,383,384],{},"Vietnam's Pilot Emission Trading System (ETS)",[386,387,388,400,414,425,436],"tbody",{},[373,389,390,394,397],{},[391,392,393],"td",{},"Nature & Purpose",[391,395,396],{},"Voluntary. Participants choose to buy credits to offset their emissions for ESG, CSR, or brand reputation purposes.",[391,398,399],{},"Mandatory. A \"cap-and-trade\" system where the government sets a limit (cap) on total emissions and participants must comply.",[373,401,402,405,408],{},[391,403,404],{},"Participants",[391,406,407],{},"Any organization, corporation, or individual can choose to participate.",[391,409,410,411],{},"Mandatory for large emitting facilities designated by the government, initially focusing on key sectors like steel, cement, and thermal power.",[360,412,413],{},"20",[373,415,416,419,422],{},[391,417,418],{},"Tradable Unit",[391,420,421],{},"Carbon Credits. These are generated from independent, project-based activities that reduce or remove emissions (e.g., a reforestation project).",[391,423,424],{},"Emission Allowances (Quotas). These are permits to emit one ton of CO₂e, allocated or auctioned by the government to regulated facilities.",[373,426,427,430,433],{},[391,428,429],{},"Legal Basis",[391,431,432],{},"Governed by international, non-governmental standards like the Verified Carbon Standard (VCS) or Gold Standard.",[391,434,435],{},"Governed by Vietnamese law, primarily the Law on Environmental Protection (2020) and Decree 06/2022/NĐ-CP.",[373,437,438,441,444],{},[391,439,440],{},"Primary Driver",[391,442,443],{},"Corporate climate ambition, stakeholder pressure, and enhancing brand image.",[391,445,446],{},"Legal compliance to cover all emissions with an equivalent number of allowances to avoid financial penalties.",[356,448,449,456,457],{},[450,451,452],"em",{},[453,454,455],"strong",{},"Table 2:"," ",[450,458,459],{},"Comparison of the VCM and Vietnam's Pilot ETS",[461,462,464],"h2",{"id":463},"references","References",[466,467,469,483],"ol",{"start":468},19,[470,471,472,473,476,477],"li",{},"Vets | Energy and Environment. (2024). Carbon Credit Market: Opportunities and Challenges for Vietnamese Enterprises. ",[450,474,475],{},"Vets",". ",[478,479,480],"a",{"href":480,"rel":481},"https://vets.energy/thi-truong-tin-chi-carbon-co-hoi-va-thach-thuc-cho-doanh-nghiep-viet-nam/",[482],"nofollow",[470,484,485,486,476,489],{},"Nguyen, B. (2024). Vietnam implements pilot program of emission trading market. ",[450,487,488],{},"VTV",[478,490,491],{"href":491,"rel":492},"https://vtv.vn/kinh-te/viet-nam-trien-khai-chuong-trinh-thi-diem-thi-truong-giao-dich-phat-thai-20250613151547402.htm",[482],{"title":494,"searchDepth":102,"depth":102,"links":495},"",[496],{"id":463,"depth":102,"text":464},"Compare Vietnam Voluntary Carbon Market with the upcoming Emission Trading System (ETS). Learn about participation, legal basis, and regulatory requirements.","md",null,{},true,{"title":503,"description":504,"keywords":505},"Vietnam Voluntary Market vs ETS | Key Differences Explained","Understand differences betweenVietnam Voluntary Carbon Market and ETS. Learn about participation rules, legal frameworks, and market mechanisms.",[506,507,508,509,510,511,512],"carbon credits Vietnam","carbon market SME","Vietnam ETS","compliance carbon market","voluntary carbon market","Decree 06/2022/ND-CP","MRV system","NCS12UabhwTFZPQFyhDb_tWdO1Rf-t1w0XUv929c9BU",[515,517],{"title":49,"path":50,"stem":51,"description":516,"children":-1},"Learn about leading carbon credit standards - Verified Carbon Standard (VCS), Gold Standard, and Clean Development Mechanism (CDM). Understand their methodologies.",{"title":57,"path":58,"stem":59,"description":518,"children":-1},"Learn Vietnam ETS launch timeline - pilot phase until 2027, full operation from 2028. Understand the three-phase roadmap for Vietnam carbon market.",1774949993815]