1104_Country_study_VietnamV10x

Vietnam faces high vulnerability to climate change and rapidly growing emissions, projected to reach 387 Mt by 2030, primarily driven by energy supply. While the government has established the National Target Program and various energy efficiency laws, the report finds that existing and planned projects are likely to harvest only 12% of the available abatement potential between 2015 and 2030. Major barriers include low electricity and coal prices, limited technical and financial capacity among stakeholders, and institutional overlaps. The study recommends a coordinated national mitigation programme and specific sector-level interventions in REDD+, wind policy, industrial energy efficiency, and waste management.

• Vietnam's greenhouse gas emissions are projected to grow at over 3% per annum from 2005 to 2030, reaching 387 Mt by 2030, excluding emissions from land use, land use change and forestry (LULUCF).
• The energy supply sector is expected to become the dominant source of emissions, accounting for 49% of total emissions by 2030, driven by the addition of new coal-fired capacity.
• Current and planned emission reduction projects are estimated to capture only 12% of Vietnam's total available abatement potential for the medium term period of 2015-2030.
• Low electricity tariffs and coal prices act as primary financial barriers, disincentivising investment in energy efficiency and renewable energy technologies.
• The Clean Development Mechanism (CDM) has primarily targeted the waste, energy supply, and fugitive emissions sectors, with a heavy concentration on hydro power projects.
• Significant abatement potential remains unharvested in the forestry sector, particularly through forest protection and the expansion of REDD+ initiatives beyond capacity building.
• Industrial energy efficiency is hindered by a small Energy Service Company (ESCO) market and a lack of technical expertise and capacity within commercial banks to assess clean energy projects.
• The report proposes that SECO fund specific initiatives, including wind policy assessments, ESCO capacity building in cement and iron & steel, and a technical needs assessment for industrial energy efficiency.
• Regulatory barriers include institutional overlap and a lack of clear division of authority among government bodies, which complicates the approval process for mitigation projects.
• In the transport sector, significant potential for reduction exists through the introduction of electric motorcycles and shifting road freight to waterways and railways.

APA

Climate Strategies (n.d.). 1104_Country_study_VietnamV10x. https://climatestrategies.org/wp-content/uploads/2014/11/cs-public-finance-market-mechanisms-country-study-vietnam-final.pdf

Chicago

Climate Strategies. 1104_Country_study_VietnamV10x. n.d. https://climatestrategies.org/wp-content/uploads/2014/11/cs-public-finance-market-mechanisms-country-study-vietnam-final.pdf.

Wikipedia

{{cite report |author=Climate Strategies |title=1104_Country_study_VietnamV10x |url=https://climatestrategies.org/wp-content/uploads/2014/11/cs-public-finance-market-mechanisms-country-study-vietnam-final.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatestrategiesnd1104countrystudyvietnamv10x, author = {{Climate Strategies}}, title = {{1104\_Country\_study\_VietnamV10x}}, institution = {Climate Strategies}, url = {https://climatestrategies.org/wp-content/uploads/2014/11/cs-public-finance-market-mechanisms-country-study-vietnam-final.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }