As Vietnam advances its roadmap to establish a carbon market under Decree 06/2022/NĐ-CP and Decision 01/2022/QĐ-TTg, Navisoft is participating in the implementation of a pilot carbon trading system at the Hanoi Stock Exchange (HNX). This initiative represents a key step toward achieving the country’s net-zero emissions target by 2050 and aligning with international standards such as the EU’s Carbon Border Adjustment Mechanism (CBAM).

Currently, carbon credit transactions in Vietnam remain fragmented and largely voluntary, with no centralized mechanism for transparent price discovery. The trading system at HNX is designed to serve as a centralized platform for listing, order matching, and price formation. In this project, Navisoft acts as the system implementation partner, collaborating with relevant stakeholders to build the technology foundation for the trading component.

 

High-Performance Trading Platform

The system is designed based on a modern microservices architecture, meeting the stringent requirements of financial market infrastructure. At its core is a high-performance Trading Engine capable of processing large volumes of orders in real time with ultra-low latency. The platform supports multiple trading methods, including periodic auctions, continuous matching, and negotiated transactions.

 

To achieve this level of performance, Navisoft leverages:

• In-memory processing to handle tens of thousands of orders per second
• Low-latency messaging to ensure fast and reliable data transmission
• Real-time risk checks prior to order execution

 

Asset Management and Market Surveillance

The platform enables full lifecycle management of carbon credits and emission quotas, from listing and trading to retirement. It also provides comprehensive management of trading members, accounts, and balances, ensuring compliance with regulatory requirements.

 

 

In addition, built-in market surveillance tools allow monitoring of price movements, detection of abnormal trading behaviors, and support for regulatory oversight.

 

High Availability and System Integration

The system is deployed with a High Availability (HA) architecture, ensuring 24/7 operation with no single point of failure. It combines traditional database systems with high-speed in-memory data layers to balance performance and data integrity.

The platform is also designed for seamless integration with registry and clearing & settlement systems, supporting a closed-loop transaction flow based on the Delivery versus Payment (DvP) principle.

 

Demonstrating Navisoft’s Capabilities

Navisoft’s participation in the pilot carbon trading system at HNX highlights its capability to design and implement complex financial trading systems that require high performance, accuracy, and continuous availability.

Beyond this project, Navisoft remains committed to contributing to the development of Vietnam’s carbon market infrastructure and supporting the broader transition toward a sustainable and low-carbon economy.