Image source: Vietnam Carbon Exchange – Hanoi Stock Exchange (HNX) website

First transaction in over two months since launch

On 15 September 2026, the domestic carbon exchange recorded a new transaction of 100 emission allowances, with a total value of VND 13.2 million. Notably, this was the first transaction on the exchange in more than two months, since its official launch on 29 June 2026.

Source: Vietnam Carbon Exchange – Hanoi Stock Exchange

The transaction is a positive signal. It shows that emitting facilities have begun to use market mechanisms to meet their legal compliance obligations. However, it also reveals serious liquidity constraints during the pilot phase of the Emissions Trading Scheme (ETS). The root cause is that many businesses have not yet completed their greenhouse gas (GHG) inventories, which are the key basis for determining actual emissions and the number of allowances to be surrendered. Without this data, businesses lack the confidence to buy and sell on the exchange.

Barriers in Greenhouse Gas Inventory

In many businesses, data on electricity, fuel and raw material consumption and on production activities is scattered across different departments. Compiling this data manually takes a lot of time and makes it hard to ensure consistency and traceability.

In addition, most facilities currently carry out their GHG inventory only once, at the end of each compliance period (every two years). This approach unintentionally narrows the “window of opportunity” for businesses to trade on the market. As a result, management lacks timely information on GHG emissions. It also cannot accurately forecast the company’s position at the end of the compliance period in order to make sound buying or selling decisions.

EcoTrack – Digitalizing the Inventory Process for Proactive Market Participation

EcoTrack was developed by ESGreen to fully address this challenge. EcoTrack enables businesses to collect and standardize activity data, calculate emissions, and manage inventory results automatically and in real time, all within a single integrated system.

Instead of carrying out manual inventories only when a reporting period arrives, businesses can now monitor emissions regularly, update data proactively, and retrieve information whenever needed. EcoTrack also offers advanced, first-of-their-kind features such as emissions forecasting and comparison of emission trends against the facility’s allocated allowances. These tools help businesses assess their allowance needs, identify opportunities to reduce emissions, and prepare step by step for participation in the carbon market.

The market’s low liquidity in its early stage partly highlights how important and urgent it is for businesses to strengthen their emissions inventory and management capabilities. Digital solutions such as EcoTrack can help close this gap. They not only help businesses comply with regulations but also build a competitive advantage, so businesses are ready to move ahead as Vietnam’s carbon market enters a more dynamic phase of development.

Contact ESGreen for advice on participating in the carbon market and for professional GHG emissions management solutions:

Phone: (+84) 856 357 968
Email: contact@esgreen.vn
Address: 8th Floor, Diamond Flower Tower, 48 Le Van Luong Street, Yen Hoa Ward, Hanoi, Vietnam
Website: https://esgreen.vn/