A new project aimed at boosting Vietnam’s readiness to achieve net-zero emissions was officially launched in Hanoi on April 17, with a focus on improving access to climate technology finance for small and medium-sized enterprises (SMEs) and startups.
The initiative is jointly implemented by the Ministry of Finance, the Korea International Cooperation Agency (KOICA) and the Global Green Growth Institute (GGGI) Vietnam. It will prioritise key activities such as developing a pipeline of potential investment projects, launching acceleration programmes for climate-tech enterprises, and providing training, advisory services and connections to domestic and international investors.
The project will also develop toolkits to help classify green projects, propose policy recommendations, and integrate green transition goals into local socio-economic development plans.
Experts noted that while Vietnam has made significant progress in improving policy frameworks and the investment environment, challenges remain in scaling markets and accessing finance, particularly for smaller firms.
Funded by KOICA and implemented by GGGI through 2027, the project is expected to address both immediate business needs and structural bottlenecks in climate finance.
It will focus on high-potential sectors including agriculture, the circular economy, waste management, transport and energy, while fostering stronger links between businesses, investors and international partners to support sustainable growth.
Google translate