• Vietnam is preparing to pilot the enforcement of its Emissions Trading Scheme (ETS) for large industrial facilities in the fossil fuel power, cement, and iron & steel sectors. The government is expected to set and allocate emission quotas by the end of 2025.
• Companies in the pilot industries that emit CO₂ beyond their allocated quotas will be required to purchase allowances on the market from firms with excess quotas. They may also use domestic and international carbon credits for up to 30% of their compliance obligations. The ETS will become fully mandatory in 2028.
• Vietnam’s ETS implementation will not directly affect Thailand’s international trade or exports. However, Thailand is also preparing to adopt its own ETS after the Climate Change Act comes into force. Its design principles are expected to be broadly aligned with ETS systems in other countries, meaning that Thai businesses can learn from existing ETS markets to prepare and strengthen their readiness for future compliance.
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