Status of Climate Finance in Vietnam

adelphi supported the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and the Climate and Development Knowledge Network (CDKN) with the implementation of the project "Strengthening Public and Private Climate Finance in Indonesia and Vietnam". Against the backdrop of an increasingly complex and diverse international climate finance landscape the project aims at equipping developing countries with the capacities they require for getting access to as well as effectively and efficiently deploying financial resources for climate change adaptation.

During the first phase of the project, country assessment reports based on fact finding missions in Vietnam and Indonesia were jointly prepared with GIZ and Castlerock Consulting. The reports examined the existing institutional structures for climate finance and analysed the financial flows in the current funding architecture of the two countries. Particular attention was given to a structured portrayal of the legal and institutional framework, planning capacities, private sector engagement, access to climate finance funds and Good Financial Governance.

Building upon these results, the country assessment reports identify the potentials and shortcomings of the present climate finance architecture for facilitating future planning and provide an insight into the current status of Climate Finance Readiness (CFR) in Indonesia and Vietnam. With the help of the insights gained in the reports, in a next step the existing challenges for CFR can systematically be addressed in order to strengthen the climate finance structures together with the national governments as well as other development partners.

The second report on Indonesia can be downloaded here.