Outcome of “Forum on Promoting Business Engagement in the Joint Crediting Mechanism (JCM) in Vietnam towards Readiness for Vietnam’s Carbon Market” and “Business and Investment Consultation Meeting on the JCM and Carbon Market in Vietnam”

日本語へ

1. The Ministry of the Environment (MOE) of Japan, together with the Ministry of Agriculture and Environment (MAE) of Vietnam, hosted a business forum titled:

“Forum on Promoting Business Engagement in the Joint Crediting Mechanism (JCM) in Vietnam towards Readiness for Vietnam's Carbon Market” held in Hanoi on July 22, 2025.

2. At the forum, the Ministry of Agriculture and Environment (MAE) and the Ministry of Finance (MOF) of Vietnam explained the progress and direction of the legal frameworks and infrastructure development necessary to establish and operate a national carbon market effectively. MAE provided details on Decree No. 6 and Decree No. 119, which stipulate the introduction of an international carbon market under Article 6 of the Paris Agreement and the launch of a domestic emissions trading system. MOF presented a draft on the Domestic Carbon Trading Exchange (DCTE). MOE Japan shared updates on the JCM and information on potential future project development. In addition, numerous private companies from both Japan and Vietnam showcased case studies of their JCM projects and decarbonization-related initiatives, followed by discussions among public and private stakeholders on how private-sector-led cooperation through JCM and carbon markets should evolve.

Throughout the forum, both governments emphasized that private-sector participation, continuous efforts to establish legal frameworks and emissions trading systems, and strong partnerships are key to implementing the JCM and achieving the Sustainable Development Goals. They also conveyed the importance of finalizing Vietnam’s domestic regulations and JCM rules and guidelines - covering everything from registration approval to carbon credit allocation - as soon as possible, resuming procedures for methodology approval, project registration and credit issuance, and continuing activities to promote the use of JCM by many companies in both countries.

3. Furthermore, on July 24, 2025, in Ho Chi Minh City, MOE Japan hosted a briefing and consultation meeting on business and investment related to the JCM and carbon markets. The event introduced investment opportunities in decarbonization in Vietnam utilizing the JCM, and included individual consultation sessions for Japanese and Vietnamese private companies interested in the JCM and other carbon markets.

4. MOE Japan will continue to collaborate with the Government of Vietnam, its relevant ministries, and domestic stakeholders to expand and accelerate the use of the JCM in Vietnam. This will contribute to the country's decarbonization efforts by reducing greenhouse gas emissions and promoting sustainable development.

■ Overview of the Forum on Promoting Business Engagement in the Joint Crediting Mechanism (JCM) in Vietnam towards Readiness for Vietnam’s Carbon Market

At the forum, information on the JCM project was shared, including the legal framework and infrastructure, such as trading markets, necessary for the establishment and effective operation of a carbon market in Vietnam, the latest trends in the JCM, and promising reduction areas. Furthermore, future cooperation between Vietnam and Japan in the JCM was discussed. Approximately 200 people participated in the forum in person and another 200 online, and many of the participants provided candid opinions during the Q&A session.

Date and Time: July 22, 2025, 9:00-17:00

Venue: Hanoi Daewoo Hotel, Vietnam

Format: In-person and online

Hosted by: Ministry of the Environment of Japan, Ministry of Agriculture and Environment of Vietnam

Partner Organizations: Overseas Environmental Cooperation Center, Japan (OECC), Institute for Global Environmental Strategies (IGES)/ A6IP (Paris Agreement Article 6 Implementation Partnership) Center, Energy and Environmental Consultancy Joint Stock Company (VNEEC)

Participants: 392 (200 in-person)

Languages: Vietnamese and English (simultaneous interpretation was provided)

■ Agenda:

Time	Contents	Presenters
09:00–09:15	Opening Remarks	Mr. Tang The Cuong, Director, General of Department of Climate, change, Ministry of Agriculture and Environment (MAE)
		H.E. Ito Naoki, Ambassador, Extraordinary and Plenipotentiary of Japan to Viet Nam
09:15–09:25	Viet Nam’s regulations on carbon market; cooperation approach for the exchange of GHG mitigation outcomes and carbon credits in the domestic and international carbon market	Mr. Nguyen Van Minh, Head of Carbon Market Division, Department of Climate Change, MAE
09:25–09:35	Establishment of the domestic carbon exchange and carbon exchange regulations in Vietnam	Mr. Tran Minh Giang, Deputy Head, Financial Market Legal Division, Ministry of Finance
09:35–09:45	Current implementation status and potential of the JCM in achieving national GHG emission reduction targets and updates on the JCM Rules and Guidelines	Mr. Iino Satoru, Director, Global Environmental Bureau, the Ministry of the Environment (MOEJ), Japan
09:45–10:30	Experience in implementing carbon credit projects in promising sectors:
	Biomass Power and Energy Security -JCM Enabling Decarbonization and Economic Growth	Mr. Saito Yasushi, Managing Director, Head of Vietnam Business Management, erex Co., Ltd. / President, erex Intl Co., Ltd.
	Carbon credit generation project in Vietnam through AWD (Alternate Wetting and Drying)	Mr. Long Borareaksmey, Regional General Manager, Green Carbon Co., Ltd.
	Efforts to launch commercial CCS projects in Vietnam and expectations for JCM	Mr. Kato Ayato, Deputy Director General, CCS Project Department, JOGMEC
	Vingroup's Approach to the Carbon Market	Mr. Tran Ky Anh, Transaction Manager - Carbon Credit Department, VinGroup JSC
	Promoting the Energy Transition Towards Green Production and Sustainable Development at the Vietnam National Industry - Energy Group	Mr. Nguyen Van Tuan, Deputy General Manager, Division of Safety Environment & Sustainability, Vietnam National Industry - Energy Group
10:30-10:50	Group Photo & Coffee Break
10:50–11:30	Panel Discussion:	Moderated by Fukuda Koji, Global Environment Bureau, MOEJ and Dang Hong Hanh Co-Founder, Managing Director of VNEEC
11:30–13:30	Networking Lunch
13:30–13:45	JCM credit issuance procedures and authorization under Article 6 of the Paris Agreement	Mr. Koakutsu Kazuhisa, Director, A6IP Center
13:45–14:15	Principles and experience in developing JCM methodologies in potential mitigation sectors (energy, agriculture, waste management, etc.)	Mr. Iino Satoru, Director, Global Environmental Bureau, MOEJ, Japan
14:15-14:30	Q&A session
14:30–14:45	Coffee Break
14:45–15:30	Potential JCM projects in Vietnam:
	Introduction of T&J Green Energy - The first WtE project Supported by JCM Scheme in Vietnam	Mr. Ohara Takanobu, Deputy General Manager, Recycle Business Promotion Division, JFE Engineering Corporation
	JCM Case Study - The First Wind Farm Project Approval in Vietnam	Mr. Pham Van Tin, Vietnam Country Manager, Shizen Energy Inc.
	Our Approaches to Creating Carbon Credits in the Vietnamese Agricultural Sector	Mr. Asahi Hiromitsu, General Manager, Business Strategy Dpt. & General Administration Dpt., IDEMITSU VIETNAM CO., LTD.
	The Demonstration of Producing Green Hydrogen Utilizing Surplus Electricity from Renewable Energy and Providing System Solutions in the Socialist Republic of Viet Nam	Mr. Nguyen Tran Nguyen Trong, Director, Kenzen Trading and Consulting Co. Ltd
15:30–15:45	Q&A session
15:45-16:30	Panel discussion on promoting implementation of carbon credit projects:	Moderated by Iino Satoru, Director, Global Environmental Bureau, MOEJ and Komiya Yuko, Senior Researcher, OECC, Japan
16:30-16:45	Closing Remarks	Ministry of the Environment, Japan
		Ministry of Agriculture and Environment, Vietnam

■ Overview of Business and Investment Consultation Meeting on the JCM and Carbon Market in Vietnam

On July 24, 2025, MOE Japan held an information and consultation session on business and investment related to the JCM and carbon markets in Ho Chi Minh City. The aim was to introduce the potential for decarbonization investment in Vietnam using the JCM, as well as to hold individual consultation sessions for Japanese and foreign companies interested in the JCM and other carbon markets. A total of 162 people participated in the event, with 79 attending in person and 83 joining online. There was a sincere exchange of opinions.

Date and Time: July 24, 2025, 9:00-18:00

Venue: Saigon Prince Hotel, Ho Chi Minh City, Vietnam

Format: In-person and online

Hosted by: Ministry of the Environment of Japan

Partner Organizations: Overseas Environmental Cooperation Center, Japan (OECC), Institute for Global Environmental Strategies (IGES)/ A6IP (Paris Agreement Article 6 Implementation Partnership) Center, Energy and Environmental Consultancy Joint Stock Company (VNEEC)

Participants: 162 (79 in-person)

Languages: Vietnamese and English (simultaneous interpretation was provided)

■ Agenda:

Time	Content	Presenters
8:30 – 9:00	Registration
9:00 – 9:30	Welcome Remarks and Recent Developments and Progress for the JCM	Ministry of Environment of Japan (MOEJ)
9:30 – 9:45	Summary of Hanoi Forum on Promoting Business Engagement in the JCM in Vietnam towards Readiness for Vietnam’s Carbon Market	Article 6 Implementation Partnership (A6IP) Center
9:45 – 10:00	JCM in Practice: Success Stories and Opportunities in Vietnam's Key Decarbonization Sectors	Overseas Environmental Cooperation Center (OECC)
10:00 – 10:30	Questions and answers
10:30 – 11:30	Project Development Experience from Vietnamese and Japanese companies Introduction of regional collaboration project to promote carbon neutrality in southern Vietnam: Case example of JCM Project Development
	Lesson learned from project development	TAKEDA, Tomoe, Deputy Manager in Charge, Nippon Koei Co., Ltd. and Mr. Matsumoto Naohiro, Manager, Osaka Gas Co., Ltd.
	Wind power carbon credit projects - Experiences as a project owner	DANG Hong Hanh, Co-Founder, Managing Director of Energy and Environment Consultancy JSC (VNEEC)
11:30 – 13:00	Networking Lunch
13:00 – 17:00	Business & Investment Consultation Meetings

Contact

Office for the Joint Crediting Mechanism and International Carbon Market, Global Environment Bureau, Ministry of the Environment, Japan

Direct number: +81-3-5521-8246
E-mail: jcm-contact@env.go.jp

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