The development of a Green Climate Fund Country Profile for bankable private sector projects in Vietnam

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To carry out the task of providing consultancy support for the development of a Green Climate Fund (GCF) Country Profile for bankable private sector projects in Vietnam that have access to the GCF under the Climate Finance Readiness Program (GIZ). Program-CF Ready, funded by the German Ministry for Economic Cooperation and Development, the Ministry of Environment of the Czech Republic, the USAID and the Green Climate Fund, the Ecology and Environment Institute (EEI), Enviros, SRO of the Czech Republic, implemented in the period 9 /2017-2/2018.

Vietnam is one of the fastest growing economies in Southeast Asia. However, Vietnam, with its long coastline, is also considered one of the most severely affected by climate change. The Government of Vietnam has seen great potential for coping with climate change through access to global climate finance sources, including the GCF Green Climate Fund. The development of a national project portfolio will enable access to the Green Climate Fund to be conducted strategically and strategically for Vietnam.

After a period of implementation, the consultant team has completed: Synthesis report of potential climate finance sources for Vietnam, review report, synthesis of national policies related to climate finance, a list of feasible projects for banks and investors to lend, especially to private sector projects in energy and agriculture. Within the framework of the mandate, the consultants have developed a project selection tool to help the Ministry of Planning and Investment identify suitable potential projects to propose to Green Climate Funds, of which Taking into account national policies on climate finance, the mechanisms applied to the private sector and GCF project selection criteria. These important results have helped prepare the Ministry of Planning and Investment to update the GCF Green Program.

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