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Carbon Market Governance for Greenhouse Gas Mitigation in Vietnam: Legal Insights from the European Union

ベトナムにおける温室効果ガス削減のための炭素市場ガバナンス：EUからの法的示唆 (AI 翻訳)

Ngoc Minh Tran, Hoa Thanh Ha

Jambe Law Journal📚 査読済 / ジャーナル2026-08-10#炭素価格経営インパクト: 調達リスク対象セクター: cross_sector
DOI: 10.22437/e364aj51
原典: https://doi.org/10.22437/e364aj51

🤖 gxceed AI 要約

日本語

本研究は、ベトナムの炭素市場を法的ガバナンスの観点から分析し、EU ETSとの比較を通じて、キャップ設定、排出量データの信頼性、取引管理、コンプライアンスなどの課題を明らかにする。ベトナムは法的枠組みを整備したが、制度の断片化、透明性不足、市場操作のリスクが残る。EU ETSの単純な複製ではなく、法的確実性と市場整合性を強化した適応が求められる。

English

This study analyzes Vietnam's emerging carbon market from a legal governance perspective, comparing with the EU ETS to identify challenges in cap-setting, data reliability, trading management, and compliance. Vietnam has established a legal framework but faces institutional fragmentation, transparency gaps, and market manipulation risks. It argues for adaptation rather than replication of the EU ETS, emphasizing legal certainty and market integrity.

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

📝 gxceed 編集解説 — Why this matters

日本のGX文脈において

日本では2026年度のGX排出量取引本格稼働を控え、制度設計やガバナンスの課題が共通する。ベトナムの事例は、アジアの炭素市場構築における法的枠組みの重要性を示し、日本の制度運用や国際連携に示唆を与える。

In the global GX context

As carbon markets expand globally under Article 6 and regional initiatives, Vietnam's governance challenges mirror those in other emerging systems. The study's governance-function framework offers insights for ensuring market integrity and international compatibility, relevant to the EU, Asia, and global carbon pricing discussions.

👥 読者別の含意

🔬研究者:Provides a governance-function framework for analyzing carbon market legal design, useful for comparative climate policy research.

🏢実務担当者:Highlights governance risks (double-counting, manipulation) that companies should monitor when engaging in emerging carbon markets.

🏛政策担当者:Offers lessons for designing robust carbon market governance, especially for countries developing ETS.

📄 Abstract（原文）

This study analyzes the emergent carbon market of Vietnam from the perspective of legal governance rather than the traditional view of greenhouse gas mitigating policy. It hypothesizes that the trading of carbon units would be ineffective without the law’s ability to create credible scarcity, provide a reliable emissions data, secure carbon units, manage the trading activities, and govern the law’s compliance. The study uses qualitative legal research, doctrinal analysis, and comparative law as well as case-study methodology to evaluate the recent legal acts of Vietnam, including the Law and decrees on Environmental Protection. Methodologically, it aims to gather insights based on the European Union Emissions Trading System (EU ETS), specifically regarding cap-setting, allowance allocation, monitoring, reporting, verification and registry governance, along with market stability, leakage effect, and trading safety. The study determines that Vietnam has advanced significantly beyond mere legal recognition, and has implemented the initial design of a trading system. However, a number of governance issues remain, such as institutional fragmentation, poor transparency and protection, and unregulated market manipulation as well as the risk of double-counting. Its principal legal contribution is a governance-function framework demonstrating that Vietnam is expected to adapt, rather than replicate, the EU ETS by strengthening legal certainty, market integrity, institutional coordination, and compatibility with international carbon-market rules

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