The challenge for Vietnam right now is to both achieve its goal of joining the group of middle- and high-income countries and meet its emissions reduction commitments. To overcome the challenge, it needs a more specific and drastic plan, taking advantage of resources from the non-State sector and ensuring the rights of people affected by a green transition.
On July 18, at a meeting with Mr. Axel van Trotsenburg, World Bank (WB) Executive Director, Prime Minister Pham Minh Chinh suggested that the bank continue to support Vietnam in climate change adaptation, with a safe and flexible response including reductions in carbon and methane emissions in agriculture and the introduction of policies to build an independent and self-reliant economy.
The United States Agency for International Development (USAID) and the Korea International Cooperation Agency (KOICA) signed an MOU on June 8 on cooperation to reduce pollution and climate change in the Mekong Delta and to help Vietnam accelerate its transition to clean energy. The two sides will pursue common development goals such as reducing plastic waste and other types of pollution, improving solid waste management, reducing emissions in agriculture, and promoting the development and deployment of renewable energy at the central level and in urban areas.
The “South-South cooperation to replicate value chain initiatives to adapt to climate change” project, which has been implemented in Laos, Cambodia, China, and Vietnam, contains 60 effective agricultural production models for deployment and replication. Vietnam contributed 42 of these models.
The Ministry of Natural Resources and Environment will finish the National Strategy on Climate Change to 2050, develop an Action Plan to reduce methane emissions by 2030, and implement the National Green Growth Strategy, among other tasks, as a part of Vietnam's COP26 commitments. The greatest challenge for the country is a lack of relevant human resources.
On November 2, in a speech at the announcement of a commitment to reduce global methane emissions at COP26, Prime Minister (PM) Pham Minh Chinh called on wealthy countries to support developing countries in gas finance. He also proposed shortening the gap between emissions reduction commitments and the development levels between countries to achieve carbon neutrality.
The United Nations Development Program (UNDP), the Ministry of Agriculture and Rural Development, and five provinces in the central highlands and south-central coast have launched a $30 million climate change adaptation project funded by the Green Climate Fund (GCF), to strengthen the resilience of small-scale agriculture and water security.