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Financial Instruments for Green Growth in Viet Nam

To tackle the limitations of its economic growth model, the Government of Viet Nam introduced policies to restructure the economy and reform the growth model with a view to promoting economic efficiency, quality and competitiveness. The National Green Growth Strategy (VGGS) sets an ambitious framework for a shift towards green growth and an inclusive green economy.

The report “Financial Instruments for Green Growth in Viet Nam” explores the status of green growth implementation in Viet Nam with a focus on tax policies, public expenditure, and financial market instruments. Building on research, theoretical analysis, and international experience the authors propose a set of recommendations to reform Viet Nam’s economic growth model 2021-30.

The publication is a result of the cooperation between the National Institute for Finance (NIF) and the Macroeconomic Reforms/Green Growth Programme implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).

Please download the file here.

Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH

Registered offices
Bonn and Eschborn, Germany

Friedrich-Ebert-Allee 36 + 40
53113 Bonn, Germany
T +49 228 44 60-0
F +49 228 44 60-17 66

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65760 Eschborn, Germany
T +49 61 96 79-0
F +49 61 96 79-11 15


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Local court (Amtsgericht) Bonn, Germany: HRB 18384
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Chairperson of the Supervisory Board

Jochen Flasbarth, State Secretary in the Federal Ministry for Economic Cooperation and Development

Management Board

Thorsten Schäfer-Gümbel (Chair)
Ingrid-Gabriela Hoven (Vice-Chair)
Anna Sophie Herken

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In charge of this newsletter:
Daniel Herrmann,
IKI Interface Vietnam
GIZ Office Vietnam
Project “Support to Vietnam for the Implementation of the Paris Agreement”

Editor: Tran Xuan Quynh

Photo Credits:

The IKI Vietnam Newsletter is administered by the IKI interface in Vietnam hosted by GIZ. It informs regularly about news of climate change and biodiversity projects in Vietnam financed by the International Climate Initiative (IKI). The International Climate Initiative (IKI) is an important part of the German government’s international climate finance commitment. Since 2022 the IKI is implemented by the Federal Ministry for Economic Affairs and Climate Action (BMWK) in close cooperation with the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV) and the Federal Foreign Office (AA).

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