Vietnam’s Carbon Market Takes Shape. What Businesses Need to Know
Vietnam’s carbon market is entering a pivotal phase with its pilot Emissions Trading Scheme covering 50% of national CO₂ emissions. Targeting key sectors like power, steel, and cement, the ETS marks a strategic shift toward market-based climate policy, offering both regulatory challenges and emerging opportunities for businesses operating in the region.
“While directly serving their customers, companies should indirectly serve the interests of society by taking responsibility for the holistic impact of their activities. Its simply a more broad view of value creation. This is what ESG is all about.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth