Vietnam’s rise to middle-income country status has been almost singular in its pace, typified by threefold growth in per-capita GDP over the past twenty years and an 11 per cent decline in the poverty rate in the last decade alone.

Accelerated economic growth and inwards foreign investment spurred demand for energy especially in carbon intensive sectors.

Between Vietnam’s rapidly rising emissions, future energy demand, and signals of growing climate ambition, there is significant opportunity and a need to adapt Vietnam’s robust investment environment to incentivise higher flows of capital into low-carbon activities.

Developed as part of the Australia-Vietnam Green Economy Program, led by Asialink and Climateworks Centre and supported by the Department of Foreign Affairs and Trade, this policy brief addresses the landscape of sustainable finance policy and market development in Vietnam, focusing on the country’s clean energy transition.

The Australia-Vietnam Green Economy Program aims to foster collaboration between government and business in the green economy.