Viet Nam

The Climate Finance Accelerator in Viet Nam

CFA Viet Nam is led by our delivery partner PwC Vietnam. CFA Viet Nam has just completed its third call for proposals, with selected businesses to be announced in the Spring. 

The CFA has been active in Viet Nam since 2022, supporting the development of a robust pipeline of climate-aligned investments. So far across two cycles, 21 businesses have received in-depth capacity building and curated matchmaking, connecting them with a network of more than 40 financiers. CFA engagement has strengthened local capacity and investor readiness, contributing to progress towards Viet Nam’s NDC. 

Climate policy in Viet Nam

Viet Nam’s robust economic growth of about 7% annually has been accompanied by a steep rise in greenhouse gas emissions. In response, the government has set ambitious climate targets under its revised Nationally Determined Contribution (NDC), aiming to reduce emissions by 43.5% by 2030 and achieve net zero by 2050 through sector-specific strategies in energy, agriculture, waste, and industry.

Although investor interest in climate projects is growing, funding remains concentrated in small, short-term initiatives due to a limited pipeline of large, investment-grade projects and low domestic risk appetite. Closing the climate finance gap will require stronger collaboration and innovative partnerships to mobilise capital and enhance the investment readiness of scalable climate solutions.