Explore average pricing, vintages, and technologies for carbon credits originating from Vietnam.
Access verified Vietnam I-REC and TIGR certificates, renewable energy certificates and Vietnam Carbon Credits through Hestiya's transparent, blockchain-powered marketplace, built for Vietnam ESG reporting, Scope 2 reduction and net-zero strategies.
PDP8 renewable capacity target by 2050
Amended the PDP8 renewable energy share target by 2030
Vietnam's net-zero emissions target
Standard issued by Green Certificate Company (GCC)
Vietnam's renewable energy landscape is expanding fast, anchored by the government's revised National Power Development Plan (Amended PDP8, approved under Decision No. 768/QD-TTg). The plan targets a renewable energy share (excluding hydropower) of roughly 28–36% of the power mix by 2030, rising to around 74–75% by 2050, with solar and wind leading new grid-connected capacity alongside continued hydropower generation. This build-out is positioning Vietnam Renewable Energy as one of Southeast Asia's fastest-growing decarbonization stories and a growing source of verifiable, tradeable certificates.
As global supply chains tighten disclosure requirements, there is increasing demand for Vietnam ESG data, renewable energy certificates (I-REC / TIGR), green energy certificates, energy attribute certificates, carbon credits, net-zero commitments, and decarbonization strategies, instruments that prove renewable electricity consumption and emissions reduction. Corporations with operations, suppliers, or sourcing relationships connected to Vietnam are increasingly seeking credible ways to support Vietnam's ESG goals, Scope 2 emissions reduction, and broader net-zero commitments.
Hestiya provides access to verified climate assets through a transparent, blockchain-powered marketplace — spanning I-REC certificates, renewable energy certificates, green energy certificates, energy attribute certificate documentation, and carbon credits. Buyers and developers alike can discover, evaluate, and transact Vietnam-based climate assets in one place, backed by verifiable ownership records and retirement documentation suited to formal Vietnam ESG disclosures.
Solar leads the story, alongside a fast scaling onshore, nearshore and offshore wind pipeline under the Amended PDP8, which raises wind capacity targets and reintroduces nuclear power as part of the longer-term generation mix. Hydropower continues to add generation diversity, even as its share of the overall mix gradually declines toward 2050. Corporate access to renewable power is expanding through the Direct Power Purchase Agreement (DPPA) mechanism, which lets large electricity users contract directly with renewable generators, with renewable energy expected to make up a growing share of DPPA-sourced power by 2050. Vietnam I-REC certificates are issued by the Green Certificate Company (GCC), the designated national issuer under the International REC Standard, giving corporate buyers a direct, auditable link to verified clean power; a smaller pool of projects is also certified under the parallel TIGR (Tradable Instrument for Global Renewables) registry.
This growth is opening real procurement pathways for corporate buyers seeking documented, auditable supply. As I-REC and TIGR issuance scales alongside solar, wind and hydropower capacity, Vietnam Renewable Energy projects are increasingly able to support corporate demand through verified certificates rather than physical power purchase alone, and Vietnam Renewable Energy Certificate volumes have grown rapidly in recent years as issuance more than doubled between 2022 and 2023.
Vietnam has committed to a net-zero emissions target by 2050, pledged at COP26 alongside a commitment to cut methane emissions 30% by 2030 against 2020 levels, and formalised through the Amended PDP8's power-sector emissions pathway. Vietnam launched the pilot phase of its domestic carbon market and national carbon exchange on the Hanoi Stock Exchange (HNX) in 2026, under the legal framework set out in Decree No. 29/2026/ND-CP and Decision No. 263/QD-TTg, allocating emissions quotas to major thermal power, steel and cement facilities for the 2025–2026 compliance period. Facilities with significant greenhouse gas emissions also face mandatory biennial emissions-inventory reporting obligations, pushing corporate Vietnam ESG reporting toward more standardised, verifiable frameworks ahead of the market's planned transition to full operation from 2029. Together, PDP8's renewable energy targets, the new domestic carbon exchange, and mandatory emissions reporting are reinforcing decarbonization efforts and creating a credible foundation for net-zero goals tied to the country's energy transition.
Hestiya's Vietnam Carbon Credits Marketplace and I-REC Marketplace Vietnam enable organisations to purchase verified I-REC and TIGR certificates, access carbon credits, and support renewable energy procurement, all while meeting Vietnam ESG and sustainability targets. The platform also functions as a Green Energy Certificate Marketplace Vietnam for buyers who need documented proof of renewable electricity consumption tied directly to Vietnam-based generation assets.
Solar remains Vietnam's most rapidly scaling renewable segment, particularly in rooftop and distributed applications, supporting I-REC-backed corporate renewable energy claims.
A fast-growing onshore, nearshore and offshore wind pipeline under the Amended PDP8 adds further renewable electricity supply eligible for certificate issuance, strengthening the case for Vietnam Green Energy Certificate adoption.
Hydropower plants across Vietnam continue to add renewable electricity supply eligible for I-REC issuance, complementing the country's solar and wind build-out.
Projects aligned with the Direct Power Purchase Agreement (DPPA) scheme support direct corporate renewable offtake and Scope 2 Renewable Energy Certificates Vietnam for large electricity users.
Emission-reduction assets aligned with Vietnam's pilot domestic carbon market on the Hanoi Stock Exchange and its Nationally Determined Contribution (NDC) commitments, forming part of the country's broader decarbonization pipeline.
Companies sourcing Vietnam climate assets through Hestiya can support a full range of Vietnam ESG and sustainability needs, from documenting renewable electricity use to substantiating carbon reduction claims in annual sustainability disclosures. These reporting requirements are increasingly tied to verifiable, third-party-trackable certificates rather than self-reported estimates, and Hestiya's marketplace is built to meet that bar, including Vietnam's mandatory GHG emissions-inventory rules.
Specifically, Vietnam's climate assets purchased through Hestiya can support:
Market price has decreased compared to August.
The market outlook for Vietnam is negative due to falling prices.
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