LEGAL FRAMEWORK FOR CARBON CREDIT MARKETS, INTERNATIONAL EXPERIENCES, IMPLEMENTATION PRACTICES, AND SOLUTIONS FOR REFINEMENT IN VIETNAM

Abstract

Within the scope of this article, the author analyzes international regulations and Vietnamese legal provisions governing the
carbon credit market. By evaluating Vietnam's legal framework, specifically the 2020 Law on Environmental Protection and its guiding
documents, the article identifies limitations in the enforcement mechanisms of carbon market regulations in Vietnam. Based on a study of
carbon market models implemented in various countries around the world, the article proposes the legal amendments of these mechanisms into
the Vietnamese legal system to enhance the validity and efficiency of carbon credit market enforcement.