Vietnam has committed to achieving net-zero emissions by 2050 to contribute to global efforts to respond to climate change. It has determined that applying a carbon pricing tool, specifically a compliant carbon market, will support the goal of reducing greenhouse gas emissions. To achieve its goal of reducing emissions, in addition to energy conversion solutions, energy savings, the application of advanced technology to reduce emissions, and increasing the afforestation area to absorb carbon are among other measures. The development of the carbon market in Vietnam will contribute to the goal of reducing greenhouse gas emissions at low cost to business and society, promoting the development of low emissions technology towards developing a low carbon economy.