Vietnam’s climate investment opportunities are projected to reach $757 billion U.S. The goal is to allocate billions of dollars by 2030 towards renewable energy, green construction, energy efficiency, and transportation. However, the country faces challenges in aligning these opportunities with environmental goals.
The International Finance Corporation (IFC) recommends a shift in bank operations and a focus on scaling green infrastructure, particularly in green energy, transport, energy efficiency, and buildings. The IFC also suggests a transition from “brown” and heavy industries to sustainable and low carbon pathways.
The Vietnamese government is introducing a green finance classification system to promote sustainable investments. Vietnam has committed to achieving net-zero emissions by 2050, phase out coal power by 2040, and reduce methane emissions by 30% by 2030.