Activities for Viet Nam

On March 25, 2025, a workshop on green finance was held in Hanoi, Vietnam, under the initiative of the Ministry of the Environment, Japan (MOEJ), in collaboration with the Center for Climate Change Adaptation and Carbon Neutrality (CCC), Ministry of Agriculture and Environment, Vietnam, and the Energy and Environment Consultancy Joint Stock Company (VNEEC) and The workshop aimed to discuss the latest international trends and legal frameworks for promoting green finance, as Vietnam works toward achieving net-zero emissions by 2050.

Vietnamese speakers provided an overview of the current state and regulatory framework of green finance in Vietnam. The PaSTI Secretariat presented an outline of green taxonomy regulations and shared updates on the latest international developments, risks, and opportunities in green finance. The outcomes of the two online seminars held on March 19 and March 24 were also reported. In addition, case studies of green finance initiatives by Vietnamese commercial banks were introduced, sparking active discussions among participants.

In the concluding discussion, participants shared their views on specific challenges and opportunities related to green finance. They reached a consensus on the necessity of tailoring taxonomy and green bond standards to fit Vietnam's unique circumstances while considering examples from developed nations, such as Japan, and other ASEAN countries. Looking ahead, enhancing international collaboration and further promoting efforts in green finance in Vietnam are anticipated.

Online seminars on GHG emission reporting and carbon credits were held in collaboration with the Ministry of Agriculture and Environment of Vietnam (the former Ministry of Natural Resources and Environment) and other relevant organizations. The seminar aimed to strengthen the GHG emission reporting framework in the Asian region and promote the use of carbon credits to achieve a decarbonized society.

In the first seminar, the latest efforts on GHG emission reporting and international disclosure standards were introduced. Case studies from Thailand and Japan were presented, and discussions were held on linking ESG/green finance with emission reduction initiatives. Practical examples from private sector companies were also shared.
In the second seminar, the use of carbon pricing and Emissions Trading Schemes (ETS) was discussed. The seminar covered trends in ASEAN countries, Japan's GX League, and the Tokyo Metropolitan Government's initiatives. Participants exchanged opinions on how to bridge GHG emission reporting with financial incentives.

The seminars generated active discussions among private sector participants from Vietnam and other Asian countries, providing valuable insights into specific strategies for advancing decarbonization. Moving forward, the outcomes of the seminar will be used to support private companies in each country to strengthen their GHG reduction efforts.

A Training on GHG Inventory and the Utilization of the Online Facility-Level Reporting System for the Chemical Sector and the Thermal Power Sector was held in Hanoi, Vietnam. It was conducted in two parts, morning and afternoon, in a hybrid format. Both sessions were filled, and participants engaged in lively discussions.

The training aimed to support the implementation of the facility-level GHG emissions reporting system introduced under Decree No. 06/2022/NĐ-CP on the Reduction of GHG Emissions and Protection of the Ozone Layer. Using an online reporting system developed with the cooperation of Japanese donors, designated reporting entities from Vietnam learned practical GHG reporting methods by entering actual data into the system.
The training began with an overview of Japan’s GHG accounting system by the Japanese Ministry of the Environment. This was followed by presentations from the Vietnamese government on the GHG emissions situation in each sector and an explanation of the online GHG reporting system.
In the group work session, participants used calculation tools based on the GHG recording methodologies established by the Vietnamese government. Instructors were assigned to each group to provide hands-on training.

This training provided a valuable opportunity for designated facility representatives to strengthen their capacity to comply with the new reporting obligations under the recently introduced regulations. It helped ensure a smooth start to the system's implementation in Vietnam.

A workshop concerning the implementation of a GHG Reporting and Reduction Efforts by Vietnamese companies was held in Hanoi, Vietnam on April 11, 2024.

The first session focused on case studies of GHG MRV system and green finance by Vietnamese enterprises. It began with an introduction to the PaSTI initiative supporting Vietnam's regulatory framework and promoting green finance. Policy trends on carbon neutrality from Vietnam's Ministry of Finance and examples of green finance initiatives in Thailand by a financial expert from Thailand were shared.
Following sessions included presentations on initiatives by Vietnamese and Japanese financial institutions, as well as sustainable funding support by Japan's Ministry of the Environment and its role.

Discussions highlighted the importance of generating a collaborative effort between government and private sectors to foster the movement for green finance.