Policy Brief: For a climate-resilient infrastructure in Viet Nam

From climate risk assessment services to climate-informed investment decisions

Viet Nam is identified by IPCC as one among the top ten countries likely to be most affected by climate change (IPCC 2017) due to its extensive coastline, vast deltas and floodplains, location on the path of typhoons as well as its large population in poverty. In response to the climate change crisis, Viet Nam has invested millions of dollars into long-lived infrastructures but like all countries around the world, Viet Nam is still facing an infrastructure gap. Following the Medium-term public investment plan (Resolution No. 26/2016/QH14), 2 million billion VND of the state budget is available for infrastructure investment between 2016 – 2020, equivalent to 400,000 billion VND or USD 20 billion per year or around 9% of GDP. Though already considerable, this funding will only meet 30 % of the investment needs of ministries and localities (MoF Report, 2018). At the same time, natural disasters and extreme events caused direct losses of around 0.625% of GDP each year (ICPP, 2017).