Global Green Growth Institute
room19F Jeongdong Bldg., 21-15 Jeongdong-gil, Jung-gu Seoul 04518
arrow_backSee all Activities

Enhanced Policy for Increased Green Finance in Viet Nam

IATI Identifier: XM-DAC-47136-VN1
Published in IATI IATI
  • date_range Jan 01, 2017 - Dec 31, 2019
  • autorenew Closed (Status)

Viet Nam has decided to shift away from traditional models of growth towards a sustainable green growth development model targeting a low-carbon pathway by 2030. Hence the country has adopted the Viet Nam Green Growth Strategy (VGGS) and a corresponding Green Growth Action Plan. However, the cost of implementing the VGGS is estimated to be at least USD 30 billion. Due to limitations in domestic financing and ceasing of ODA and concessional loans by 2017 because of Viet Nam’s MIC status means that the country will have to diversify its funding sources and explore innovative funding mechanisms. To this end, the VGGS calls for increased investment across all sectors including through public-private partnerships (PPP) and international sources, and specifically calls for a scaled-up financing of green growth. Mobilizing finance to support the implementation of VGGS and the Country Planning Framework (CPF) will necessitate technical support to develop and strengthen green growth financing policies and institutions.

more_horiz
Sectors:
  • Environmental policy and administrative management error
    Sector code:
    41010 - Environmental policy and administrative management
    Sector vocabulary:
    1 - OECD DAC CRS Purpose Codes (5 digit)
  • Reporting Organisation error
    Sector code:
    MS - Reporting Organisation
    Sector vocabulary:
    99 - Reporting Organisation

Participating Organisations

Organisation Name Organisation Type Organisation Role
Global Green Growth Institute Multilateral Implementing
Global Green Growth Institute Multilateral Funding

Transaction

Transaction Value Provider Receiver Type Date
Not Available circle Provider N/A circle Receiver N/A Expenditure date_rangeJan 01, 2018
266,538 USD (Valued at Dec 31, 2018) circle Provider N/A circle Receiver N/A Incoming Funds date_rangeJan 01, 2018
338,159 USD (Valued at Dec 31, 2017) circle Provider N/A circle Receiver N/A Expenditure date_rangeJan 01, 2017

Budget

694,599 USD
340,891 USD (Valued at Dec 31, 2018) date_range Jan 01, 2018 - Dec 31, 2018
353,708 USD (Valued at Dec 31, 2017) date_range Jan 01, 2017 - Dec 31, 2017
access_timeUpdated on Aug 03, 2020 14:08:54
View XML file here