Overall Objective
GGGI’s objective in Viet Nam is to increase green energy production, reduce GHG emissions, increased capacities on access to climate finance and to develop green master plans and bankable projects for Vietnamese cities.
Strategic Outcome Targets
GHG Reductions | |
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Green Jobs | |
Sustainable Services | |
Air Quality | |
Ecosystem Services | |
Enhanced Adaptation to Climate Change |
Contact
Resource Partner
GGGI Core Funding
UNEP DTU
Luxembourg: The government of the Grand Duchy of Luxembourg; Ministry of Environment, Climate and Sustainable Development; Ministry of Finance
Norwegian Ministry of Climate and Environment
UNICEF
Delegation of the European Union to Vietnam
Clean Cooling Collaborative (formerly known as K-CEP)
U.S. Department of State
Implementation Partner
World Bank (WB)
Asian Development Bank (ADB)
Luxembourg Green Exchange (LGX); Luxembourg for Finance; University of Luxembourg; Luxembourg Finance Labelling Agency (LuxFLAG)
Climate Bonds Initiative (CBI); International Capital Market Association (ICMA); International Finance Corporation (IFC); Centre for Finance, Technology and Entrepreneurship (CFTE); Vietnam Bond Market Association;
UNICEF
UNEP
Conservation International (CI)
Green Climate Fund (GCF)
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
Hanwha Corporation
Institute of Labor Science and Social Affairs (ILSSA) Vietnam
Korea International Cooperation Agency (KOICA)
Organization for Economic Co-operation and Development (OECD)
Viet Nam Energy Partnership Group (VEPG)
United Nations Development Programme (UNDP)
Government Counterpart
Ministry of Agriculture and Rural Development (MARD)
Ministry of Planning and Investment (MPI)
Ministry of Industry and Trade (MOIT)
Ministry of Construction (MOC)
Ministry of Natural Resources and Environment (MONRE)
Ministry of Finance (MOF)
City People’s Committees (CPC)
SME Development Fund
Vietnam Institute for Urban and Rural Planning (VIUP)
Institute of Labor Science and Social affairs (ILSSA)
Small and Medium Enterprise Development Fund (SMEDF)
Key Documents
Context
Viet Nam has identified the importance of shifting away from traditional models of growth in order to sustain the development gains of recent decades. The country has adopted a National Green Growth Strategy (VGGS) and developed a corresponding Green Growth Action Plan. However, the cost to implement the VGGS is estimated to be at least $30 billion, requiring a significant increase to current financing levels.
The country’s economic growth in recent decades has been accompanied by significant rural to urban migration, which has led to increased social and environmental challenges. Over the past decade, 700 square kilometers of land have been converted into urban areas and inhabited by 7.5 million new city residents.
Viet Nam’s GHG inventory (2010) reveals a 602% increase since 1990, with emissions per unit of GDP surpassing all other Asia-Pacific developing countries except for China. This is fueled by domestic coal consumption, which has increased by 21% between 2013 and 2014 alone. Coal currently accounts for 36% of electricity supply, and is projected to increase 56% by 2030. Over 98% of the population is connected to the grid, and demand will increase by a further 10% a year until 2030.
GGGI’s program in Viet Nam is supporting government at the national and sub-national level to increase green energy production, reduce, increased their capacity on access to climate finance and to develop green master plans and bankable projects for Vietnamese cities.
News
News • January 25, 2024
Technical consultations discuss policy mechanisms to promote innovative startups in energy efficiency in Viet Nam
Ho Chi Minh city, 25 January 2023 – The Department of Energy Efficiency and Sustainable Development, Ministry of Industry and Trade (DEESD, MOIT) and the Delegation of European to Viet Nam (EUD), in partnership with the Global Green Growth Institute (GGGI), hosted two technical discussions on “Mechanisms to promote innovative startups in the field of […]
News • December 14, 2023
Switch Garment: Exposure Visit on Decarbonization of Garment and Textile Factory in Vietnam
14 December 2023, Ho Chi Minh City – 22 delegates, under the support of the Switch Garment project, including CGTI, garment manufacturers and representatives of the Ministry of Environment, Ministry of Industry, Science, Technology & Innovation, Ministry of Mine and Energy and SG team members, were in Vietnam for an exposure visit. Switch Garment is […]
News • November 8, 2023
Knowledge exchange for the Viet Nam delegation on a study tour on green bond in Luxembourg
Five days of insightful, diverse, and progressive exchanges of best practices in developing sustainable finance markets brought together an inter-ministerial delegation from the Government of Viet Nam and key sector players in Luxembourg’s sustainable finance ecosystem. Luxembourg, November 8, 2023 — Continuing their commitment to support the development of a robust green bond market in […]
News • November 8, 2023
Việt Nam học tập và trao đổi kinh nghiệm từ thị trường trái phiếu xanh Luxembourg
Phái đoàn liên Bộ của Chính phủ Việt Nam và các đơn vị chủ chốt trong hệ sinh thái tài chính bền vững của Luxembourg đã có tuần thăm và làm việc với trao đổi sâu về các thực hành tốt nhất cho phát triển thị trường tài chính bền vững. Luxembourg, November 8, 2023 […]
News • September 7, 2023
GGGI triển khai đào tạo nâng cao năng lực thị trường Trái phiếu xanh, Xã hội và Bền vững tại Việt Nam
(This article is available in English) Hồ Chí Minh, ngày 15 tháng 8 năm 2023. Vừa qua, Bộ Tài chính và Viện Tăng trưởng Xanh Toàn cầu (GGGI) đã phối hợp tổ chức khóa đào tạo kỹ thuật về phát hành trái phiếu Xanh, Xã hội và Bền vững (GSS) cho hơn 70 đại diện […]
News • September 7, 2023
GGGI Launched Training on Green, Social and Sustainability Bonds in Viet Nam
(Đọc bản Tiếng Việt tại đây) Ho Chi Minh, 15 August 2023. The Ministry of Finance and Global Green Growth Institute (GGGI) has successfully conducted a training program on Green, Social, and Sustainability (GSS) bond issuance for public and private sector professionals in Viet Nam’s bond market. This marks the third technical training organized within […]
News • August 8, 2023
Giải Pháp Làm Mát Bền Vững Tại Khu Vực Đô Thị Ở Việt Nam
Hà Nội, ngày 17 tháng 5 năm 2023 — GGGI và Cục Biến đổi khí hậu phối hợp với UNEP và liên danh tư vấn Trung tâm Phát triển các-bon thấp (VN-LOCAD) và Trung tâm nghiên cứu biến đổi khí hậu (CCRC) vừa qua đã tổ chức “Hội thảo về giải pháp làm mát bền […]
News • August 8, 2023
Solutions for Sustainable Urban Cooling Tackling Extreme Heat in Viet Nam’s Cities
Hanoi, 17th May 2023 — GGGI and the Department of Climate Change, in collaboration with UNEP, the Center for Low Carbon Development (VN-LOCAD) and the Center for Climate Change Research (CCRC), recently held a Workshop on Solutions for Sustainable Urban Cooling Tackling Extreme Heat in Viet Nam’s Cities on May 17, 2023 in Hanoi. The […]
News • July 11, 2023
Tập huấn Xây dựng Kế hoạch hành động và Tích hợp tăng trưởng xanh cấp tỉnh đối với khu vực miền Nam
Cần Thơ, ngày 8-9 tháng 6 năm 2023 — Trong hai ngày 8-9/06/2023, Vụ Khoa học, giáo dục, tài nguyên và môi trường, Bộ Kế hoạch và Đầu tư tổ chức “Tập huấn xây dựng Kế hoạch hành động và Tích hợp tăng trưởng xanh cấp tỉnh đối với khu vực miền Nam” tại Thành […]
News • July 11, 2023
Training on “The Green Growth Action Plan Development and Green Growth Integration for the Southern Region”
Can Tho, June 8-9, 2023 – On June 8-9, 2023, GGGI Viet Nam supported the Department of Science, Education, Natural Resources and Environment, Ministry of Planning and Investment (MPI) in organization of a training on “The Green Growth Action Plan Development and Green Growth Integration for the Southern Region” in Can Tho City in collaboration […]
News • April 10, 2023
Phái đoàn Liên minh Châu Âu và Viện Tăng trưởng Xanh toàn cầu hợp tác thúc đẩy đổi mới trong lĩnh vực sử dụng năng lượng hiệu quả tại Việt Nam
Hà Nội, 30 tháng 9 năm 2022 – Phái đoàn Liên minh Châu Âu tại Việt Nam và Viện Tăng trưởng Xanh Toàn cầu (GGGI) Việt Nam công bố chương trình “Thúc đẩy khởi nghiệp sáng tạo trong lĩnh vực hiệu quả năng lượng” (AIS4EE) kéo dài ba năm nhằm thúc đẩy khởi nghiệp trong […]
News • November 23, 2022
Delegation of European Union and Global Green Growth Institute join forces to foster innovation in energy efficiency in Viet Nam
Hanoi, 30 Sept 2022 – The Delegation of European Union (EUD) to Viet Nam and Global Green Growth Institute (GGGI) Viet Nam announced a three-year program “Accelerating Innovative Startups for Energy Efficiency” (AIS4EE) to promote entrepreneurship in energy efficiency and the Nationally Determined Contributions (NDC). Viet Nam is one of the most energy-intensive economies in […]
News • July 27, 2022
Capitalizing on the opportunity of carbon finance for green growth in Viet Nam
On 12 July 2022, the Viet Nam Ministry of Planning and Investment (MPI) and GGGI successfully kicked off the workshop “Mobilizing resources for green growth in Viet Nam through carbon credit exchange” with support from the Government of Norway. The event was honored by the presence of the Ambassador of Norway to Viet Nam, Ms. […]
News • July 15, 2022
Accelerating the green transition: First onshore verified green bond issuance in Viet Nam
Hanoi, 15 July 2022 – With technical support from the Global Green Growth Institute (GGGI), the first onshore, local currency, internationally verified green bond was issued in Viet Nam by EVN Finance Joint Stock Company (EVNF). The value of the issuance is USD 75 million (VND 1,700 billion equivalent). “Green finance is increasingly becoming a […]
News • February 28, 2022
Hướng đến tài chính xanh: Nâng cao năng lực thị trường trái phiếu xanh Việt Nam
Viện Tăng trưởng Xanh Toàn cầu gần đây đã tổ chức chương trình đào tạo dành cho các tổ chức tài chính trên thị trường trái phiếu Việt Nam. Đây là sự kiện đào tạo thứ hai trong chuỗi chương trình đào tạo nhằm nâng cao năng lực cho các đơn vị chủ chốt tham […]
News • February 28, 2022
Capital market professionals get training in green bonds
The Global Green Growth Institute, in partnership with the Luxembourg Green Exchange, recently organized a training program for financial institutions in Vietnam to enhance the capacity of key players in the green bond market. Over 40 representatives from stock exchanges, Vietnam Securities Depository, commercial banks (Vietcombank, Vietinbank, Agribank, HDbank, etc.), securities firms (Techcombank Securities, VNDirect, […]
News • November 16, 2021
Zooming Ahead in Sustainable Economic Growth – Digitally
By Tanja Leimgruber – Programme lead, Digital Transformation for Green Growth, Global Green Growth Institute in Vietnam Over the past three decades, Vietnam’s socioeconomic growth has been a remarkable success story. However, rapid economic development and industrialization has come at a cost. Energy consumption has tripled over the past decade, making Vietnam one of the […]
News • October 8, 2021
Thông báo Mời nộp Hồ sơ Quan tâm: Dự án “Vườn ươm Tài chính và Đầu tư cho Nông lâm nghiệp” tại Việt Nam
GIỚI THIỆU VỀ GGGI & DỰ ÁN Viện Tăng trưởng Xanh Toàn cầu (GGGI) là một tổ chức liên chính phủ quốc tế dựa trên hiệp ước nhằm hỗ trợ và thúc đẩy tăng trưởng kinh tế mạnh mẽ, bao trùm và bền vững ở các nước đang phát triển và các nền kinh tế […]
News • October 8, 2021
Request for Expression of Interest: Forest Finance Investment Incubator (FFII) Vietnam
The Global Green Growth Institute (GGGI) is a treaty-based international organization, a neutral, trusted advisor and strategic development partner focused on supporting developing and emerging economies to achieve sustainable, inclusive economic growth. GGGI’s operating model maximizes the potential to translate green growth strategies and policies into green investment plans, mobilizing green finance commitments needed to bolster […]
News • August 6, 2021
Chương trình đào tạo chuyên biệt cho các đơn vị đánh giá Trái phiếu xanh tại Việt Nam
Bộ Tài chính vừa khởi động chuỗi chương trình đào tạo dành riêng cho thị trường trái phiếu xanh tại Việt Nam trong khuôn khổ chương trình hợp tác với Viện tăng trưởng xanh toàn cầu (GGGI) về phát triển tài chính xanh. Sự kiện đào tạo đầu tiên nhấn mạnh vai trò của các […]
Projects
VN07
Thematic Areas
Countries
VN07 Accelerating Innovative Start-ups for Energy Efficiency
Start Date | Q4 2022 |
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Funding Source | |
Actual Budget (USD) | 2,555,000 |
Status | Active |
Thematic Area |
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VN13
Thematic Areas
Countries
VN13 MSWTE Finance Facility in Viet Nam
Start Date | Q1 Jan 07, 2021 |
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Funding Source | |
Actual Budget (USD) | 3,000,000 |
Status | Active |
Thematic Area |
|
VN12
Thematic Areas
Countries
VN12 Clean Energy for Climate-Smart Schools in Viet Nam
Start Date | Q1 Jan 01, 2021 |
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Funding Source | |
Actual Budget (USD) | 99,000 |
Status | Active |
Thematic Area |
|
VN11
Thematic Areas
Countries
VN11 Sustainable Urban Cooling in Viet Nam Cities
Start Date | Q1 Jan 01, 2021 |
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Funding Source | |
Actual Budget (USD) | 1,000,000 |
Status | Active |
Thematic Area |
|
VN10
Thematic Areas
Countries
VN10 Viet Nam Green Bond Readiness Program
Start Date | Q1 Jan 01, 2020 |
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Funding Source | |
Actual Budget (USD) | 2,396,000 |
Status | Active |
Thematic Area |
|
VN3
Thematic Areas
Countries
VN3 Vietnam Urban Green Growth Action, Phase II
Start Date | Q1 20170101 |
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Funding Source | |
Actual Budget (USD) | 86,995 |
Status | Complete |
Thematic Area |
|
VN04
Thematic Areas
Countries
VN04 Viet Nam Distributed Solar – Solar Rooftop Leasing Finance Facility
Start Date | Q1 Dec 1, 2018 |
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Funding Source | |
Actual Budget (USD) | 108,671 |
Status | Complete |
Thematic Area |
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VN05
Thematic Areas
Countries
VN05 Transitioning to a new model of urban development in Viet Nam
Start Date | Q1 Dec 1, 2018 |
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Funding Source | |
Actual Budget (USD) | 119,186 |
Status | Complete |
Thematic Area |
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VN06
Thematic Areas
Countries
VN06 Promoting Greenovation through SMEs and start-ups in Viet Nam
Start Date | Q1 Jan 1 2019 |
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Funding Source | |
Actual Budget (USD) | 239,632 |
Status | Complete |
Thematic Area |
|
Thematic Areas
Countries
Viet Nam Urban Green Growth Action, Phase II
Start Date | Q1 2017 |
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Funding Source | |
Actual Budget (USD) | 1,119,000 |
Status | Active |
Thematic Area |
|
Thematic Areas
Countries
Enhanced Policy for Increased Green Finance in Viet Nam
Start Date | Q1 2017 |
---|---|
Funding Source | |
Actual Budget (USD) | 677,000 |
Status | Active |
Thematic Area |
|
Thematic Areas
Countries
Scaling up Biomass Waste-to-Energy in Viet Nam
Start Date | Q1 2017 |
---|---|
Funding Source | |
Actual Budget (USD) | 702,000 |
Status | Active |
Thematic Area |
|