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
Jason Lee
Deputy Director and Head of Emerging Economies Asia & Viet Nam Country Representative
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 • 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 […]
News • August 6, 2021
Training opens for green bond verifiers in Viet Nam
The Global Green Growth Institute and The Viet Nam’s Ministry of Finance have started a capacity-building program with a series of training events for Viet Nam’s green bond market within the framework of a collaboration initiative. Under the guidance of the Ministry of Finance, the Global Green Growth Institute (GGGI), in partnership with Climate Bonds […]
News • July 28, 2021
Việt Nam Học Tập Kinh Nghiệm Từ Các Chuyên Gia Quốc Tế Hàng Đầu Về Trái Phiếu Xanh
Thí điểm phát hành trái phiếu xanh thông qua các loại hình tổ chức phát hành khác nhau (doanh nghiệp, nhà nước, địa phương) là một trong những bước cần thiết để đẩy nhanh sự phát triển của thị trường trái phiếu xanh của Việt Nam, đây là một trong các khuyến nghị được đưa […]
News • July 28, 2021
Vietnam Picked Up Insights From International Leading Experts On Green Bonds
Pilot green bond issuance through different issuer types (corporate, sovereign, municipal) is one of the steps to accelerate the development of Vietnam’s green bond market, recommended in the freshly launched report by GGGI. On June 25, the Global Green Growth Institute (GGGI) launched its report “Green Bonds Make More Cents?” which analyzes trends of green […]
News • May 17, 2021
Green Bonds Peaked Vietnamese Investment Community’s Interest
On March 26, 2021, Global Green Growth Institute (GGGI) Viet Nam and Vietnam Community of Investment Professionals (A CFA Society in formation) co-organized the webinar “Green Bonds – The fast-emerging market” to share international practices on Green Bond and insights into the Vietnamese market. Mr. Vinh Vo, CFA – Chairman of Vietnam Community of Investment […]
News • May 7, 2021
Trái phiếu xanh thu hút sự quan tâm của giới đầu tư Việt
Ngày 26 tháng 3 năm 2021, Viện Tăng trưởng Xanh Toàn cầu (GGGI) Việt Nam và Cộng đồng Chuyên gia Đầu tư tại Việt Nam (cộng đồng các thành viên Viện CFA) đã đồng tổ chức hội thảo trực tuyến “Trái phiếu xanh – Thị trường tăng trưởng nhanh” để chia sẻ các thông lệ […]
News • December 17, 2020
Five years since the Paris Agreement: The race to net zero is on
Frank Rijsberman, Ingvild Solvang, Kristin Deason, Julie Godin, Hanh Le, Siddhartha Nauduri, and Marcel Silvius, Global Green Growth Institute In the wake of the worldwide COVID-19 pandemic, there are both challenges and opportunities in ensuring that COP26, a UN climate change summit, builds confidence in the Paris Agreement as an effective tool to avoid climate […]
News • December 17, 2020
Viet Nam’s Ministry of Finance and GGGI sign a Memorandum of Understanding on green finance cooperation
Hanoi, December 17, 2020 – Viet Nam’s Ministry of Finance and the Global Green Growth Institute (GGGI) will collaborate to strengthen, exchange, and share experience in green finance, thereby creating the foundation for the long-term development of a green financial market, and promoting green growth and sustainable economic development. A Memorandum of Understanding (MoU) was […]
News • December 11, 2020
GGGI selected as Technical Assistance Providers for Burkina Faso and Viet Nam by K-CEP
December 10, Hanoi and Ouagadougou – The Kigali Cooling Efficiency Program (K-CEP), a philanthropic collaboration, has selected the Global Green Growth Institute (GGGI) as technical assistance providers to improve access to and the efficiency of cooling in Burkina Faso and Viet Nam. K-CEP was launched in 2017 to support the Kigali Amendment of the Montreal […]
News • August 7, 2019
Greenpreneurs 2019: Mid-Program Update
Greenpreneurs 2019 is well underway with the 15 selected teams now deepening their skills to develop their green enterprises. The entire program will run over 12-weeks, from June to September 2019. As part of the support and development phase of the Greenpreneurs program, the selected shortlisted candidates are continuing to develop their businesses through weekly […]
News • June 12, 2019
15 shortlisted participants of the Greenpreneurs 2019 program to take part in a global competition
June 12, Seoul, Republic of Korea – Out of more than 200 participants, 15 were shortlisted from GGGI’s Member countries and countries where GGGI has operations, including Cambodia, Colombia, Ethiopia, India, Jordan, Morocco, Nepal, the Philippines, Rwanda, Uganda, the UAE, and Vanuatu. This year, GGGI is pleased to have a variety of project ideas designed […]
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 |
|
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 |
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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 |
|
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 |
|
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 |
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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 |
|