State Bank of Vietnam (SBV) Deputy Governor Nguyễn Ngọc Cảnh said an effectively operating carbon market would let businesses turn emission reductions into financial resources, diversify fundraising channels and reduce reliance on bank credit. At a workshop on the morning of 14/10/2026 organised by the Finance and Investment Newspaper with the SBV, he noted that Decree 29/2026/NĐ-CP has created a legal framework for the domestic carbon exchange. The 2025-2026 pilot phase covers over 511 million tonnes of CO2 in allowances allocated to thermal power, steel and cement, running to the end of 2028 before becoming mandatory from 2029, with BIDV as the only settlement bank during the pilot. He stressed that green credit and the carbon market complement each other: green lending funds projects that cut emissions, while carbon measurement and trading help track how effective those projects are.
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Original headline: Phó Thống đốc NHNN: Thị trường carbon có thể giúp doanh nghiệp giảm phụ thuộc vào vốn ngân hàng
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