Unlocking climate-resilient economic development in Vietnam

On 25 November, 60 participants met in Hanoi for a kick-off workshop for the IKI global programme “Policy Advice for Climate Resilient Economic Development (CRED)”, which is financed through the International Climate Initiative (IKI). Over the next three years, CRED is supporting Vietnam, Kazakhstan, and Georgia to develop methods and tools for modelling the economic impacts of climate change and to integrate the results into policy processes. The programme supports the development of human and technical capacity in the economic and planning ministries, subordinate sectoral authorities, as well as in the institutes responsible for economic modelling. As a result, evidence-based adaptation measures will have the potential to unlock climate-resilient economic development in the three partner countries.

The kick-off workshop was jointly organized by GIZ and the Central Institute for Economic Management (CIEM), the implementing partner of CRED in Vietnam. Representatives from the MPI, CIEM, as well as other relevant sectoral ministries and institutes shared their knowledge on existing national adaptation plans (NAPs), political planning processes, modelling capacity, and on the availability of economic, social, and environmental data. The workshop served as an initial step to give participants a basic understanding on the benefits of the CRED Project and to set the stage for future cooperation.

During the workshop, it became clear that in Vietnam the interest in evidence-based, climate-resilient economic development is growing. Together with the MPI as political partner and CIEM as implementing partner, the CRED Project will work over the next three years to mitigate the vulnerability of economic sectors and secure income and employment in Vietnam. As a next step, CRED and CIEM will organise a workshop in early 2020 to enhance human and technical capacity in modelling the impacts of climate change in Vietnam.