Guide to Identifying Projects under Decree 112/2026/ND-CP: Opportunities for Carbon and Hydrogen Investors
April 5, 2026 – by VAHC Secretariat
Vietnam has officially issued Decree 112/2026/ND-CP, establishing a legal framework for participating in the Paris Agreement through Article 6.2.
The decree defines eligible project categories for internationally transferred mitigation outcomes (ITMOs) with corresponding adjustments, which are critical for accessing global climate finance.
1. Two Key Project Categories
Priority List (Category 01)
Large-scale, high-impact projects:
- Renewable energy, hydrogen, ammonia
- Energy storage (ESS)
- CCUS, DAC
- Waste-to-energy
- Low-carbon agriculture
Encouraged List (Category 02)
Smaller, scalable projects:
- Biomass, nearshore wind
- LNG transition
- Energy efficiency
- Waste and agriculture solutions
- Forestry (REDD+)
2. Hydrogen as a Strategic Sector
Hydrogen and green ammonia are now priority sectors, enabling:
- Access to international carbon finance
- Participation in mechanisms like Joint Crediting Mechanism (JCM)
- Export-oriented clean energy projects
3. Article 6.2 Process in Vietnam
Key steps include:
- Project idea registration
- Approval
- Implementation and MRV
- Credit issuance
- International transfer approval
- Reporting
4. Investor Insights
- International investors: focus on Category 01
- Local developers: start with Category 02
- Consultants: ensure MRV compliance and credit buyers
5. Conclusion
Decree 112/2026/ND-CP opens the door for Vietnam to integrate into the global carbon market.
For hydrogen and energy players, this is a critical moment to align projects, secure financing, and scale internationally.
Click to Find details of Decree 122/2026/NĐ-CP dated April 1, 2026 by Vietnam Government (in Vietnamese language)
