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2019 | OriginalPaper | Chapter

29. Green Finance in Viet Nam

Barriers and Solutions

Authors : Trong Co Nguyen, Anh Tu Chuc, Le Ngoc Dang

Published in: Handbook of Green Finance

Publisher: Springer Singapore

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Abstract

Viet Nam’s energy sector has made considerable strides in recent years in achieving a high percentage of nationwide electrification and a relatively diversified energy mix that is dominated by hydropower, followed by gas and coal. However, sustaining those achievements including addressing gradually depleted domestic resources, keeping pace with growing energy demand from the energy-intensive economy, and meeting ambitious climate change targets under the nationally determined contributions in the Paris Agreement need large sums of new investment, particularly in renewables. If those necessary investments are not satisfied, it will further increase Viet Nam’s dependence on imported coal to cater for its future energy needs with substantial negative environmental, health, climate change, and economic consequences. Based on the existing challenges, the chapter makes recommendations including establishing more conducive conditions for private investment and strengthening the domestic funding environment through a functional financial market.

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Metadata
Title
Green Finance in Viet Nam
Authors
Trong Co Nguyen
Anh Tu Chuc
Le Ngoc Dang
Copyright Year
2019
Publisher
Springer Singapore
DOI
https://doi.org/10.1007/978-981-13-0227-5_35

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