Sổ tay hướng dẫn tài chính chuyển đổi cho các lĩnh vực khó giảm phát thải khí nhà kính tại Việt Nam

The "Sổ tay hướng dẫn tài chính chuyển đổi cho các lĩnh vực khó giảm phát thải khí nhà kính tại Việt Nam" is a strategic guide published by the Climate Bonds Initiative (CBI) in April 2025. It provides a comprehensive framework for businesses, investors, and policymakers in Vietnam to implement credible, science-based transition plans for high-emission sectors, specifically steel, cement, and basic chemicals. The guide details a five-step 'hallmark' process for transition planning, establishes sector-specific decarbonization criteria aligned with the Paris Agreement, and offers a classification system for financial institutions to assess the maturity and ambition of corporate transition efforts.

• The guide establishes five core principles for a credible transition plan: alignment with the 1.5°C global warming limit, reliance on climate science rather than individual organizational goals, exclusion of offsetting mechanisms (while including upstream Scope 3 emissions), prioritization of technological feasibility over economic advantage, and a requirement for actual adherence to the transition pathway rather than mere policy commitments.
• CBI proposes a five-step 'Hallmark' framework to ensure transition plans are effective and transparent: 1) Performance targets aligned with the Paris Agreement, 2) Robust plans, 3) Implementation actions, 4) Internal monitoring, and 5) External reporting.
• In the steel sector, which accounts for approximately 7% of global CO2 emissions, the guide emphasizes that 71% of current coal-fired blast furnaces will reach the end of their operational life by 2030, presenting a critical window for reinvestment in sustainable production.
• The Vietnamese steel industry is a major economic pillar, producing 20 million tons of steel in 2023 (ranking 12th globally). However, it faces significant risks from the EU's Carbon Border Adjustment Mechanism (CBAM), as steel accounts for 7-9% of Vietnam's total emissions and 46% of its industrial emissions.
• Vietnam is the world's third-largest cement producer, with 90 production lines and a total capacity of approximately 140 million tons per year. Cement production is highly carbon-intensive, with roughly 60% of direct emissions resulting from the calcination process (chemical reactions during clinker heating) and 30% from fuel combustion.
• The basic chemicals sector is the largest industrial energy consumer globally, accounting for approximately 10% of world energy demand. Within this sector, basic chemicals represent nearly 60% of energy consumption and 75% of Scope 1 and 2 GHG emissions.
• For the chemicals industry, Scope 3 emissions are critical, accounting for approximately 64% of total emissions. The guide highlights that the production of olefins and aromatics for plastics accounts for 35% of these Scope 3 emissions.
• CBI provides a five-level classification system for financial institutions to assess corporate transition maturity: 1) No action, 2) Committed, 3) Aligning, 4) Aligned, and 5) Net Zero. This allows investors to distinguish between substantive transitions and superficial commitments.
• The guide recommends using Sustainability-Linked Bonds (SLBs) and Sustainability-Linked Loans (SLLs) as flexible financial tools. These instruments should be tied to challenging and material Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs) that cover all material emission scopes (1, 2, and 3).

APA

Gupta, S., & Wong, C. X. (2025). Sổ tay hướng dẫn tài chính chuyển đổi cho các lĩnh vực khó giảm phát thải khí nhà kính tại Việt Nam. Climate Bonds Initiative. https://www.climatebonds.net/files/documents/publications/Vietnam-Report_Vietnamese.pdf

Chicago

Gupta, Shaurya, and Chi Xiang Wong. Sổ tay hướng dẫn tài chính chuyển đổi cho các lĩnh vực khó giảm phát thải khí nhà kính tại Việt Nam. Climate Bonds Initiative, 2025. https://www.climatebonds.net/files/documents/publications/Vietnam-Report_Vietnamese.pdf.

Wikipedia

{{cite report |last1=Gupta |first1=Shaurya |last2=Wong |first2=Chi Xiang |title=Sổ tay hướng dẫn tài chính chuyển đổi cho các lĩnh vực khó giảm phát thải khí nhà kính tại Việt Nam |publisher=Climate Bonds Initiative |date=April 2025 |url=https://www.climatebonds.net/files/documents/publications/Vietnam-Report_Vietnamese.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{gupta2025tay, author = {Gupta, Shaurya and Wong, Chi Xiang}, title = {{Sổ tay hướng dẫn tài chính chuyển đổi cho các lĩnh vực khó giảm phát thải khí nhà kính tại Việt Nam}}, institution = {Climate Bonds Initiative}, year = {2025}, month = apr, url = {https://www.climatebonds.net/files/documents/publications/Vietnam-Report_Vietnamese.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }