On 25 March 2026, EuroCham Advocacy Vice-chair Jean-Jacques Bouflet and EuroCham’s Sustainable Finance Sector Committee Chair Giandomenico Zappia joined a meeting with representatives from the EU DG CLIMA International Carbon Pricing and Markets Taskforce – Head of the Taskforce Sébastien Paquot and Senior ETS Expert Irini Nikolaou. EuroCham and the EU DG CLIMA discussed the EU’s regulation and Vietnam’s incoming regulation on carbon credits and pricing, as well as the possible convergence between the two.
Later, EuroCham and the EU DG CLIMA delegation also met an expert delegation from VinGroup (the largest user of carbon credit in Vietnam) to discuss the concrete and practical aspects of carbon pricing, carbon markets, and sustainable development from the Vietnamese industry perspective. The meeting reflected a shared commitment to supporting Viet Nam’s green transition and global climate goals.
Aligning business initiatives with regulatory frameworks
Representatives from the EU DG CLIMA shared the EU’s experience in building and operating carbon pricing systems, as well as its ongoing efforts to develop frameworks for international carbon credit cooperation. VinGroup also shared its strong commitment to ESG principles and its active role in exploring carbon credit opportunities across EV cars, renewable energy, and other sectors. Both sides recognised the importance of aligning business initiatives with evolving regulatory frameworks and international standards.
Next step: piloting carbon credit initiatives
The meeting also identified prioritised actions to enhance cooperation on carbon credit development in Vietnam:
- Strengthening ongoing dialogue between businesses and policymakers
- Exploring potential pilot initiatives
- Identifying key sectors and suitable methodologies for carbon credit development
- Closely following the progress of Vietnam’s regulatory framework
While the development of a mature and fully operational market will take time, there is clear confidence in its long-term potential. Realising this will require continued alignment, transparent regulations, and active participation from all stakeholders. With sustained commitment, this collaboration can make a significant contribution to both national climate objectives and broader global sustainability efforts.
EuroCham and its Sustainable Finance Sector Committee will continue to accompany the development of Vietnam’s carbon credit regulations and market.
What this means for businesses?
As both the public and private sectors align on cooperation to develop carbon credit and carbon market in Vietnam, businesses are encouraged to stay informed on regulatory updates and strengthen dialogues with governing bodies via associations and chambers of commerce. As the question is no longer whether, but how will Vietnam’s carbon credit market take shape, businesses should also proactively plan for operation adjustments to stay ahead of ESG commitments and goals.
Our sincere thanks to representatives from the EU DG CLIMA, EU Delegation, and VinGroup for their insights:
- Ms. Irini Nikolaou, Senior ETS expert, International Carbon Pricing and Markets Taskforce, DG CLIMA, European Commission
- Mr. Cyril Loisel, First Secretary, EU Delegation to Vietnam
- Mr. David Edgardo Falcon Adasme, ESG Director, VinFast
- Mr. Nam Tran, International Carbon Credit Transaction Manager, VinGroup
- Mr. Ky Anh Tran, Carbon Credit Transaction Manager, VinGroup
