Vietnam: Key trends and policies across Vietnam’s major industries

KPMG Vietnam

10th October 2025

The update covers a list of key Key recent legislative changes that have an ESG impact.

Vietnam’s Environmental, Social, and Governance (ESG) regulatory system is evolving rapidly, creating a clearer and more enforceable foundation for sustainable business practices.

Key recent requirements include:

Required ESG information disclosure for listed companies to promote transparency of non-financial information in their annual reports.
Integrated Environmental Risk Management in banking and investment activities to promote sustainable finance.
Issued specific regulations for greenhouse gas (GHG) inventories, emission quotas, and carbon-credit trading.
Expanded Extended Producer Responsibility (EPR) obligations to promote circularity and flexible recycling systems.

Taken together with foundation policies, these developments mark a shift from fragmented actions to a more coherent regulatory system.

Sectors on the Move

Key trends and policies across Vietnam’s major industries:

Sectors

Key Trends

Key Policies / Frameworks

Banking & Finance

• Sustainable Finance

• ESG Risk Management

• Financed Emission

• Circular 17/2022/TT-NHNN

• Decision 1408/QĐ-NHNN

• Decision 21/2025/QĐ-TTg (National Green Taxonomy)

Energy

• Transition to Renewable Energy

• Energy Efficiency and Carbon Emission Reduction

• Power Development Plan VIII – PDP8 (Decision 500/QĐ-TTg, 2023)

• Decree 119/2025/NĐ-CP

Infrastructure / Real Estate

• Green Building

• Eco Industrial Park

• Urban Planning and Infrastructure Resilience

• Law on Housing (2023)

• Decision 21/2025/QĐ-TTg (Green Taxonomy)

Automobile / Transportation

• Transition to Electric Vehicles

• Urban Mobility and Public Transport Development

• Decision 19/2024/QĐ-TTg

• Directive 20/CT-TTg (2025)

Manufacturing / C&R

• Circular Economy & Extended Producer Responsibility (EPR)

• Environmental Impact Assessment (EIA) & Environmental Licensing

• Industrial Emissions & Pollution Control

• Decree 05/2025/NĐ-CP

• Circular 02/2023/TT-BTNMT

Agriculture

• Climate-Smart Agriculture (CSA) & Low-Emission Farming

• Organic and Safe Food Production

• Water Resource Management & Irrigation Efficiency

• Decision 150/QĐ-TTg (2022)

• Decree 156/2025/NĐ-CP

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