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Update news carbon market
Experts say the launch of the trading platform is only the first step. The long-term success of the market will depend on a transparent system backed by robust measurement, reporting and verification (MRV) standards.
Under the new framework, companies and other regulated entities will trade both emission quotas and carbon credits through securities accounts at licensed brokerage firms.
Experts warn a lack of a unified legal framework could reduce Vietnam’s carbon market to a formality with limited global competitiveness.