The role of HNX and VSDC in building a carbon credit trading floor

According to Decision No. 232/QD-TTg, the Hanoi Stock Exchange (HNX) is responsible for organizing transactions, designing regulations, managing listings, and supervising the market. Meanwhile, the Vietnam Securities Depository and Clearing Corporation (VSDC) is responsible for managing carbon credit accounts, ensuring safe and accurate payments.

Carbon markets allow businesses to buy and sell carbon credits to offset greenhouse gas emissions, promoting green and sustainable production.

The coordination between the two units is the foundation for the exchange to operate effectively, helping Vietnam meet the requirements of major export markets such as the European Union and the United States.

At a working session with the International Finance Corporation (IFC) on April 10, Mr. Ha Duy Tung, Vice Chairman of the State Securities Commission, affirmed that the Hanoi Stock Exchange (HNX) and the Vietnam Securities Depository and Clearing Corporation (VSDC) will lead the implementation of the carbon credit trading floor according to the pilot roadmap from 2025 and officially from 2028, approved in Decision No. 232/QD-TTg. The State Securities Commission will review the business regulations of the two units, ensuring a transparent legal framework.

The Hanoi Stock Exchange (HNX) is upgrading its technology infrastructure, building a modern trading system, and leveraging experience from the stock market. The Vietnam Securities Depository and Clearing Corporation (VSDC) is developing a depository and payment system, supporting 1,912 businesses to take mandatory greenhouse gas inventories according to Decree 06/2022/ND-CP. The International Finance Corporation (IFC) provides technical support, from trading regulations, monitoring systems, to staff training, to help the Hanoi Stock Exchange (HNX) and the Vietnam Securities Depository and Clearing Corporation (VSDC) meet international standards.

The carbon credit trading floor opens up opportunities for Vietnamese businesses to increase revenue from carbon credits, improving competitiveness in the export market. The State Securities Commission and the International Finance Corporation (IFC) are stepping up training, helping 1,912 businesses get ready to participate.

The Hanoi Stock Exchange (HNX) and the Vietnam Securities Depository (VSDC), as pioneers, will complete the legal and technological framework in 2025, laying the foundation for the carbon market to operate effectively from 2028, contributing to the implementation of the Net-Zero 2050 commitment and promoting the green economy .

CHAU ANH

Source: https://nhandan.vn/vai-tro-cua-hnx-va-vsdc-trong-xay-dung-san-giao-dich-tin-chi-carbon-post873956.html