As Vietnam commits to achieving net-zero emissions by 2050, the carbon credit market is becoming increasingly important in the country's green economy. Specifically, renewable energy credits hold great potential and are regarded as future "green gold”.
The primary advantage lies in the government's strong commitments, demonstrated through a clear roadmap for implementing the mandatory carbon market between 2025-2026. Additionally, Vietnam’s natural renewable resources, such as solar and wind energy, are abundant, creating favorable conditions for large-scale clean energy projects and generating substantial renewable energy credits.
However, the market still faces challenges, including a shortage of highly skilled human resources in Measurement, Reporting, and Verification (MRV) processes. High initial costs and complex administrative procedures have made businesses hesitant to engage actively.
Future Market Potential
Experts estimate Vietnam could generate approximately 57 million carbon credits annually, with renewable energy projects contributing significantly. Specifically, large-scale solar and wind energy projects alone could provide up to 2.7 million credits annually. This number is promising as the market expands, especially under pressure from the European Union’s Carbon Border Adjustment Mechanism (CBAM), which encourages Vietnamese businesses to quickly transition to clean energy and acquire carbon credits.
SolarBK's Partnership with CCTPA – A Pioneering Move
On June 26, 2025, SolarBK signed a strategic partnership with the ASEAN Carbon Credit Trading Platform (CCTPA). This event underscores SolarBK’s pioneering role in Vietnam's renewable energy carbon credit market and the ASEAN region.
The signing ceremony and seminar titled "Vietnam’s Carbon Credit Market: Pioneering Sustainable and Innovative Approaches," organized by CCTPA, brought together businesses, organizations, experts, and policymakers to share and discuss developments. Notable participants included:
• Mr. Nguyen Tuan Quang - Deputy Director of the Department of Climate Change, Ministry of Agriculture and Environment
• Mr. Ashok Kumar Chandhel - Senior Manager & Stakeholders Management, Global Carbon Council (GCC)
Strategic partners involved included Green In, Center for Applied Economic Consulting (CIT) under the Ho Chi Minh City Development Research Institute (HIDS), among others.
This partnership holds significant implications for SolarBK and its partners:
• Enhanced access to the international carbon credit market.
• Increased transparency and credibility of renewable energy projects developed by SolarBK.
• Expansion of the carbon credit market, creating further opportunities for Vietnamese enterprises to integrate deeply into global supply chains.
Value Delivered by SolarBK – ERIS Monitoring Technology
SolarBK demonstrates its capability not only through renewable energy projects but also by pioneering the application of effective carbon credit management technology. A notable example is ERIS, an intelligent software platform integrating advanced features such as:
• Real-time monitoring of clean electricity production and precise calculation of carbon emissions reductions.
• Automation of MRV processes, significantly reducing the time and cost associated with credit verification.
• Compliance alert systems and risk management to ensure carbon credits fully meet international standards.
Join SolarBK in Achieving Green Energy Certification
Businesses aiming for sustainable development and renewable energy transition are encouraged to contact SolarBK for comprehensive solutions. With extensive experience executing large-scale clean energy projects and leveraging ERIS technology, SolarBK pledges to be your strategic partner, helping businesses:
• Effectively implement solar and wind energy projects, as well as energy storage solutions.
• Optimize management and maximize the value of carbon credits.
• Meet international green standards and enhance competitiveness in the global market.
Partner with SolarBK today to seize opportunities in the renewable energy carbon credit market—a vital foundation for your business's sustainable and robust future.
