Information on Green Finance in Viet Nam has been published.
Upon exchanging the letters, the Ministry of Environment, Japan and the Ministry of Natural Resources, Vietnam has agreed with PaSTI supports on improving monitoring, evaluation and reporting system and facilitating private sector engagements in climate actions. The partnership contributes to implementing the Paris Agreement with the “PaSTI”.
Online / March 2022
The PaSTI-Viet Nam project holds two seminars in March 2022.
First one is the Introductory Seminar on Development of Incentives for Private Sector’s Climate Action and GHG Transparency. Involvement of financial institutions are considered as one of important factors to create an enabling environment for direct investments into environmentally friendly production to mitigate risks and sustainable development. It is in fact a remarkable trend that they develop and deliver Green/ESG financial products as part of their business operation. The first seminar is organized to cultivate awareness of private sector, finance institutions and relevant ministries by introducing initial information regarding practices to increase incentives in other countries, such as Japan.
Second one is the Progress tracking of NDC implementation for the cement sector in order to get acquainted with possible methodologies to track progress of mitigation in cement sector and identify data gaps to improve progress monitoring of NDC implementation.
Hanoi, Viet Nam and Tokyo, Japan / March 2021
On March 3rd, 2021, the first PaSTI-Viet Nam online training course “Demonstration of carbon reporting in the building sector in Viet Nam” was successfully completed jointly by the Ministry of Natural Resources and Environment (MONRE) and the Ministry of the Environment, Japan (MOEJ). Under the environmental protection law revised in 2020, reporting of energy consumption and GHG emissions by business sector will be mandated in order to achieve the greenhouse gas reduction target set by the national plan called “Nationally Determined Contribution (NDC)” . Energy-saving diagnosis, which is enabled through data collection activities, is expected to play a key role to achieve the GHG reduction target in Viet Nam, while it would also be useful for reducing the energy costs for the private sector and energy demand at the national level. The reporting system for the energy usage, which seeks measurements of similar data sets for the energy-saving diagnosis is already institutionalized in Ho Chi Minh City. The following contents were prepared for the half-day online training course in order to support Viet Nam's both national and city level initiatives.
About 70 individuals of the relevant private sector in the City, administration offices at the City and at the national levels, and research institutes participated in this online training course.
Hanoi, Viet Nam / October 2019
On October 11th of 2019, the representatives of the Ministry of Environment, Japan (MOEJ) and the representatives of the Ministry of Natural Resources and Environment, Viet Nam (MONRE) met for the first Political Dialogue to kick-off the PaSTI project in Viet Nam, following the exchange of letters.
The political dialogue started with the Opening Remarks from Minister Okabe Daisuke of the Embassy of Japan, Viet Nam, and Dr. Tang The Cuong, the Director General of the Department of Climate Change (DCC), MONRE.
With both parties recognizing the importance of transparency in the climate change policies, they have confirmed to cooperate together in the PaSTI Project.
In the following information exchange session, the both parties discussed the work plan in details, and information on current MRV status of Viet Nam was shared.