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Green Finance in Viet Nam

Barriers and Solutions
  • Trong Co Nguyen
  • Anh Tu Chuc
  • Le Ngoc DangEmail author
Living reference work entry
Part of the Sustainable Development book series (SD)

Abstract

 Viet Nam’s energy sector has made considerable strides in recent years in achieving a high percentage of nationwide electrification and a relatively diversified energy mix that is dominated by hydropower, followed by gas and coal. However, sustaining those achievements including addressing gradually depleted domestic resources, keeping pace with growing energy demand from the energy-intensive economy, and meeting ambitious climate change targets under the nationally determined contributions in the Paris Agreement need large sums of new investment, particularly in renewables. If those necessary investments are not satisfied, it will further increase Viet Nam’s dependence on imported coal to cater for its future energy needs with substantial negative environmental, health, climate change, and economic consequences. Based on the existing challenges, the chapter makes recommendations including establishing more conducive conditions for private investment and strengthening the domestic funding environment through a functional financial market.

Keywords

Renewable energy Green finance Energy security Viet Nam 

JEL Classification

F21 H23 Q42 Q54 Q58 

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Copyright information

© Asian Development Bank Institute 2019

Authors and Affiliations

  1. 1.Academy of Finance, Ministry of FinanceHa NoiVietnam
  2. 2.International Finance DepartmentAcademy of Finance, Ministry of FinanceHa NoiVietnam

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