Viet Nam

Viet Nam is up six places in this year’s CCPI to 21st, as it remains a medium performer. The country receives a medium rating for Renewable Energy and Climate Policy and low for GHG Emissions and Energy Use.

According to the CCPI country experts, Viet Nam’s current policies are moving toward the 2050 net zero target. An important new policy this year is Power Development Plan 8 (PDP 8), a roadmap for implementing the National Electricity Development Plan 2021 to 2030, with a vision toward 2050. PDP8 indicates Viet Nam will have no new coal-fired power plants after 2030 and no new gas-fired power plants after 2035. Establishing a Direct Power Purchase Agreement was also pivotal and is expected to further boost renewable energy development. Despite progress, climate action in Vietnam has been marred by a restricted civil society and the imprisonment of climate activists.

A Series of Policy Strengths, Though with Needs for Mitigation and Adaptation

The share of renewable energy in Viet Nam’s grid generally remains high. The ongoing feed-in tariff continues to support solar and wind energy projects.

Viet Nam is also preparing for the pilot phase of its national emissions trading system (ETS), which is due to start in 2025. An updated version of Decree 06/2022/ND-CP, expected by the end of 2024, will provide clearer guidance on the ETS, though the experts indicate businesses have limited time to adapt.

The experts also see climate policy strength in the start of GHG inventory at the facility level as a basis for future mitigation actions.

The experts recommend that climate change mitigation continue, especially in the energy sector, with more funding for implementing mitigation solutions. Climate adaptation is also needed, especially in the vulnerable Mekong Delta.

Key Outcomes

CCPI Experts

The following national experts agreed to be mentioned as contributors for this year’s CCPI:

• Hoang Tung Duong