Hanoi, 26 December 2025 - Within the framework of the technical assistance program of the United Nations Development Programme (UNDP), PoA Carbon, in coordination with UNDP Viet Nam, organized the training course “Enhancing Awareness and Capacity for Carbon Market Management for Departments, Agencies, and Units under the Hanoi People’s Committee.”
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Figure 1. Delegates attending the training course
The training course was attended by representatives from UNDP Vietnam, the Department of Climate Change (Ministry of Natural Resources and Environment), experts in the field of carbon markets, and numerous officials from various departments, agencies, and People's Committees of communes and wards across Hanoi.
In his opening remarks, Mr. Vu Thai Truong, Head of the Environment and Climate Change Unit and representative of UNDP Vietnam, emphasized that UNDP is honored to accompany Hanoi in a strategically significant initiative. This effort contributes to promoting sustainable development and the green transition of the capital, while fulfilling Vietnam's national climate commitments. In the context of climate change having an increasingly clear impact on every nation, carbon markets and carbon pricing are considered vital policy tools, not only for the environment but also in relation to economic policy and national competitiveness. He highly commended the Vietnamese Government's efforts to achieve the "Net Zero" emissions target by 2050 and highlighted the pivotal role of local authorities, particularly Hanoi, in implementing climate policies. UNDP remains committed to continuing its partnership through technical support and sharing international experience to contribute to the effective establishment and operation of the carbon market.
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Figure 2. Mr. Vu Thai Truong – Head of Environment and Climate Change, UNDP
Mr. Doan Minh Nga, Deputy Director in charge of the Information and Training Center under the Hanoi Institute for Socio-Economic Development Studies stated that the carbon market training course was organized with sponsorship from UNDP. The goal is to raise awareness and capacity for officials from various departments, agencies, and units under the Hanoi People's Committee, as Vietnam progressively establishes its domestic carbon market. The training program covers a wide range of topics, from international climate policies and Vietnam's commitments to carbon pricing, mandatory and voluntary carbon markets, credit mechanisms, project development processes, and the MRV (Measurement, Reporting, and Verification) system. The curriculum is designed to balance fundamental knowledge with practical experience. He emphasized the participation of highly specialized experts and encouraged delegates to actively engage in exchange and discussion to enhance the course's effectiveness and their ability to apply this knowledge to their professional work.
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Figure 3. Mr. Doan Minh Nga, Deputy Director in charge of the Information and Training Center under the Hanoi Institute for Socio-Economic Development Studies
During Session 1 on International Climate Policy and Vietnam's Commitments to Climate Change Response, Ms. Nguyen Hong Loan, a Climate Policy Expert, presented an overview of international climate treaties and policies. She clarified the global context, as well as the causes and increasingly severe impacts of climate change on socio-economics. According to her, Vietnam is one of the most vulnerable countries, with an urgent need to mobilize resources and apply effective policy tools to reduce emissions.
The presentation focused on international frameworks such as the UNFCCC, the Kyoto Protocol, and the Paris Agreement, particularly the role of NDCs (Nationally Determined Contributions) and market mechanisms under Article 6 in developing carbon markets. She also analyzed climate policies with direct impacts on Vietnam, such as CBAM (Carbon Border Adjustment Mechanism), CORSIA, and the IMO strategy, emphasizing the increasing requirements for MRV. Furthermore, she pointed out opportunities to access climate finance, promote technological transformation, and enhance national competitiveness. Concluding her presentation, she affirmed the necessity of soon finalizing and effectively operating the domestic carbon market, as well as proactively participating in regional and international carbon market mechanisms.
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Figure 4. Ms. Nguyen Hong Loan, Climate Policy Expert
Mr. Nguyen Thanh Cong, Deputy Head of the Carbon Market Department, Department of Climate Change (Ministry of Natural Resources and Environment), provided an overview of carbon markets and pricing instruments. He clarified the roles of the Emissions Trading System (ETS), quota allocation mechanisms, and carbon credits as assets with economic value.
He emphasized that the carbon market creates economic incentives that drive businesses to reduce emissions, transition to low-carbon production models, and support the achievement of national climate goals. Additionally, he presented the legal framework and roadmap for carbon market development in Vietnam, highlighting the requirement for close coordination between regulatory agencies and businesses. He also stressed the importance of enhancing capacity for both the public and private sectors through specialized training programs like this course.
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Figure 5. Mr. Nguyen Thanh Cong, Deputy Head of the Carbon Market Department, Department of Climate Change, Ministry of Natural Resources and Environment
Ms. Dang Hong Hanh, a Carbon Market Expert, presented a specialized session on carbon pricing and carbon markets, covering both mandatory and voluntary markets, with a focus on carbon pricing instruments currently being applied globally and in Vietnam. She emphasized the role of carbon markets in promoting greenhouse gas emission reductions in a cost-effective manner, supporting the implementation of NDC commitments and the "Net Zero" target. She introduced the primary carbon pricing tools, including the Emissions Trading System (ETS), carbon taxes, and carbon credit mechanisms, while also analyzing the characteristics and suitability of each tool within the Vietnamese context.
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Figure 6. Ms. Dang Hong Hanh, Carbon Market Expert
According to Ms. Hanh, the ETS and carbon credit mechanisms are being prioritized in Vietnam to simultaneously control total emissions and provide flexibility for businesses through quota trading and the use of credits to offset compliance obligations. She also clarified the roadmap for the domestic carbon market's development, its connection to Vietnam's NDC targets, and emphasized that correctly understanding and effectively applying carbon pricing tools will help businesses reduce compliance costs and capitalize on opportunities during the transition to a low-carbon economy.
Mr. Nguyen Tien Hai, Director of PoA Carbon, presented an overview of carbon credit mechanisms and the current state of the carbon market. His presentation focused on four key areas: the principles and applications of carbon credit mechanisms, the project development process, the Measurement, Reporting, and Verification (MRV) system, and domestic and international carbon credit market trends. He clarified core principles such as additionality, the Business-as-Usual (BAU) baseline scenario, avoiding double counting, and ensuring transparency, while also analyzing the differences between carbon credits and emission quotas. He emphasized that the carbon credit project development process involves rigorous steps, from design, validation, and registration to monitoring, verification, and issuance. He noted that generating credits requires significant time and strict regulatory compliance; there is no such thing as "fast credit generation." He also affirmed the pivotal role of the MRV system in ensuring the reliability of emission reductions and creating a foundation for climate finance flows. Finally, he analyzed market trends, highlighting the increasing demand for high-quality credits and advising project owners to prepare thoroughly, remain patient, and fully comply with all procedures when entering the market.
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Figure 7. Mr. Nguyen Tien Hai, Director of PoA Carbon
The discussion and Q&A sessions during the training course revealed significant interest from local-level officials regarding carbon credit projects in the agriculture and forestry sectors. Key topics included the role of local authorities in supporting project implementation, as well as the potential to create sustainable livelihoods and revenue streams for residents through emission reduction activities.
Through this training course, PoA Carbon continues to affirm its role as an experienced consultant and technical partner in the carbon market sector. With a team of experts possessing deep expertise and practical experience in carbon credit project development, MRV systems, carbon pricing, and policy-making support, PoA Carbon is ready to accompany regulatory agencies, local authorities, and businesses. We offer consultancy, technical assistance, and training programs designed flexibly to align with both the domestic legal framework and international best practices. PoA Carbon believes that through close coordination between development partners, state management agencies, and the private sector, the carbon market will become a vital tool to promote the green transition, mobilize climate finance, and realize Vietnam's climate commitments in the coming period.
