Vietnam Climate Change

Germany stands ready to cooperate with Vietnam on energy transition through the Just Energy Transition Partnership (JETP).

The goal is to establish a transparent and publicly accountable carbon credit market based on determining total emissions and allocating emission quotas to regions, sectors, and even individual emitters.

Once a barren land where locals faced numerous challenges in their struggle to make a living and overcome poverty, it has undergone a remarkable transformation, thanks to flourishing asparagus farming.

Dozens of events on the agenda demonstrate Vietnam’s determination to address critical climate issues in a concrete and substantive way on its low-carbon path.

Preparations by Earth Journalism Network’s 16-year-old climate partnership program are expected to produce quality media coverage on the global pressing issues.

Climate response is included in the two countries’ joint statement on the Comprehensive Strategic Partnership, which would govern multisectoral cooperation in the future.

The World Bank fully supports Vietnam’s strategic directions and expects future cooperation to bring about transformational changes in the country’s development over the next decade.

The Government’s estimations indicate that this new revenue stream, once implemented, could increase annual revenues by approximately VND1.2 trillion (US$50 million).

The World Bank would share experience and enhance capacity building to help Vietnam establish the necessary regulatory framework and implement projects that promote sustainable development.

The economic objective outlined for 2021-2030 is an average annual GDP growth rate of around 7%.