- Asia
Carbon Trading Regulations In Vietnam: What’s New In The First Half Of 2025
The first half of 2025 has been a busy period for the issuance of new carbon trading regulations in Vietnam. On January 24, 2025, the Prime Minister issued Decision No. 232/QD-TTg Approving the Project on the Establishment and Development of a Carbon Market in Vietnam (“Decision 232”). Decision 232 builds on the foundational principles set out in Decree No. 06/2022/ND-CP on Mitigation of Greenhouse Gas (“GHG”) Emissions and Protection of the Ozone Layer (“Decree 06”) by setting out a more detailed implementation plan and timeline for establishment of a carbon market in Vietnam. Decree No. 119/2025/ND-CP (“Decree 119”), which was issued on June 9, 2025, amends Decree 06 to clarify the responsibilities of emitting entities, establish a clearer path for carbon trading, and...To read the full article, please see the PDF file
-
Asia Newsletter
Download PDF [193 KB]
Authors
Nghia has substantial experience as both in-house and outside counsel, and has worked at a leading law firm and a multinational investment fund in Vietnam. He joined Nishimura & Asahi in 2013, providing legal advice to numerous domestic and multinational clients, including Vietnamese and Japanese corporations, with a focus on M&A, Real Estate, Construction, Infrastructure and PPP, and Energy in Vietnam. He works closely with clients’ business and legal teams to implement innovative solutions to legal challenges.
In addition to his advisory work, he frequently contributes his knowledge of different focus areas to publications, media, and speaking engagements. He has demonstrated his commitment to mentorship and community outreach through his active participation in pro bono work and numerous internal committees during his tenure.
Related Knowledge
-
-
ESG Disputes and Arbitration in Global Supply Chains
Malaysia
External Seminars
-
-
Vietnam’s New Privacy Law: Key Regulations and A Comparative Analysis of Existing Frameworks
Asia
Data Protection
-
-
Vietnam: Beneficial Ownership Requirements and Major Updates to the Enterprise Law
Asia
- VU Le Bang
- Isamu IMAIZUMI
- NGUYEN Khanh Lam and others
-
-
Vietnam: Official Introduction of Vietnam’s First AI Act
Asia
Data Protection
-
-
Doing Business In Vietnam
Doing Business In Series
- Hikaru OGUCHI
- Kazuhide OHYA
- Taro HIROSAWA and others
-
-
Asia Legal Update First Quarter 2025 (January - March)
Asia
- Hiroki KAGA
- Aya OKADA
- Taeko SUZUKI and others
Sean Conaty is a project finance and M&A lawyer. He advises clients (including sponsors, borrowers, lenders and governments) on the development, financing, acquisition, and divestiture of greenfield and brownfield energy and infrastructure projects. His practice has a particular focus on cross-border investments into Southeast Asia.
Sean has over two decades of experience and an extensive track record of leading teams on some of the region's largest and most complex "first-of-a-kind" landmark projects, including in the areas of renewable energy (solar, onshore and offshore wind, geothermal, hydro), thermal power (including gas-to-power and LNG-to-power), waste-to-energy, LNG, airports, seaports, and water treatment facilities. His expertise spans project development work (including structuring and negotiating concession, offtake, and other project agreements) through to project financing (including structuring and negotiating multi-source financings involving MLAs, ECAs, and other financial institutions). He is ranked by leading directories including Chambers and IFLR.