Carbon EX Inc. and FPT information System Corporation, sign strategic partnership to drive Vietnam’s carbon credit market

Carbon EX Inc. and FPT Information System Corporation, a leading solution and product developer, system integrator, and IT service provider in Vietnam and the region, signed a Memorandum of Understanding for a strategic partnership. Through their collaboration, the two companies will collaborate to develop carbon credit, and carbon marketplace business in Vietnam to reduce greenhouse gas emissions.

Vietnam has announced its policy to operate a carbon credit exchange on a pilot basis by 2025 and officially begin operating it in 2028, according to MONRE’s draft carbon market development plan. The carbon credit business is also attracting attention, as the Law on Environmental Protection stipulates a mechanism that allows trading of CO2 emission allowances and credits for reductions in greenhouse gas emissions. In recent times, Vietnam has seen over 300 programs and projects registered for implementation under various mechanisms such as carbon credit exchange, offsetting, etc. Among them, approximately 150 programs and projects have been issued 40.2 million carbon credits and traded on the global carbon market. Carbon EX is a carbon credit/renewable certificate trading platform where we connect developers, sellers, traders, and buyers to trade carbon credits. Carbon EX also provides consultation to help procure carbon credit on demand, and consultation to develop new carbon credit projects around the world. FPT Information System Corporation, a leading solution and product developer, system integrator, and IT service provider in Vietnam and the region. It possesses a number of technical capabilities that play a key role in driving green initiatives. In alignment with the Vietnamese government and businesses on the journey to achieve the Net Zero target by 2050, FPT IS is actively investing in research and collaborating with industry-leading experts and consultants on green transformation solutions for enterprises. The company is focusing on developing two strategic solutions: Carbon accounting (VertZéro) and ESG reporting. These solutions aim at comprehensive digitization of the entire process of environmental data collection, calculation, management, greenhouse gas reporting, and monitoring commitment implementation progress, ensuring compliance with international standards. Leveraging the strengths of both parties, we will cooperate to develop internationally standardized carbon credits and the carbon credit business in Vietnam.

In signing this MOU, we will consider the following initiatives.

1. Supply and sale of carbon credits
2. Support for the establishment of new carbon credit projects
3. GX(Green Transformation) support in collaboration with Vietnamese companies and business community

Company Name: FPT Information System Corporation Representative: Chairman Tran Dang Hoa Establishment: 1994 Head office: 22nd floor, Keangnam Landmark Tower, E6 Pham Hung Road, Me Tri Ward, Nam Tu Liem District, Hanoi, Vietnam WEB site: https://fpt-is.com/en/

Carbon EX was established in June of this year as a new company backed by Asuene, which provides sustainability management support services to corporations, and SBI, a financial services company with expertise in various financial services businesses and the operation of proprietary trading systems (PTS). Carbon EX is proud to launch Japan’s first reliable carbon credit and emissions rights trading platform. It is worth noting that this marks the first-ever announcement of a major Japanese financial institution group opening a carbon credit and emissions rights trading platform. (According to SBI/Asuene research) Carbon EX offers a wide range of credits, including voluntary carbon credits, J-Credits, and non-fossil certificates, both in Japan and internationally. Our platform is available in both Japanese and English, making it accessible to companies not only in Japan but also around the world. – Website: https://carbonex.co.jp/en