NATIONAL SUPPORT TO
SUB-NATIONAL
GOVERNMENTS IN
VIETNAM
Department of Climate change, MONRE Vietnam

Vientiane, 22nd August, 2023

Presentation’s agenda
1. Vietnam’s commitments toemission reduction
2. Policy actions
3.Practical actions
4.Conclusion

1. Vietnam’s commitments to emission reduction

1. Vietnam’s commitments to emission reduction

20152021

2022

First NDC

Net-zero commitment

Updated NDC

Committed to reduce 8%by 2030 compared to theBAU. This could be
increased to 25% withinternational support

Committed to reach netzero by 2050 at COP26

Committed to reduce
15.8% by 2030 comparedto the BAU. This could be
increased to 43.5% withinternational support

01030205

04

Updated NDC

Methane reduction

Committed to reduce 9%
by 2030 compared to theBAU. This could be
increased to 27% withinternational support

Set a target to cut
methane emissions 30%by 2030

2020

2021

2. Policy actions

2. Policy actions

2020

2022

2022

Environmental protection law

Decision 01/2022/QD-TTg

Circular 17/2022

Concretized regulations
for addressing climatechange and promoted thedevelopment of thedomestic carbon market

Regulated nearly 2000
enterprises in 6 fields tocarry out a GHG Inventory
once every 2 years

Provided guidelines for
MRV of GHG reduction
actions, GHG Inventory inWaste sector

0103020504

Decree 06/2022/ND-CP

Circular 01/2022/TT-BTNMTIntroduced regulations on
GHG Inventory, MRV for
GHG reduction actions,and ozone layer
protection

Provided guidelines for theimplementation ofEnvironmental protection
law, regarding climatechange responding articles

2022

2022

2. Policy actions

Other strategies and action plans after COP26
Decision 888/QD-TTg approval for scheme setting out tasks and solutions for theimplementation of the COP26

Decision 896/QD-TTg approving the national strategy for climate change until 2050

Decision 942/QD-TTg approving action plan for methane emissions reduction by 2030

3. Practical actions

3.1. Actions to support local government

Many structural and non-structural solutions
have been implemented to support local
government in achieving net-zero targets- Promulgating a scheme to plant 1 billion trees to absorb emissions,enhance adaptability and protect the environment;- Guiding localities to carry out GHG Inventory at the sectoral andlocal levels;- Making climate change one of the first priorities in local
developments strategies and plans;- Encouraging localities to make commitments to reduce GHG
emissions;- Strengthening the implementation of green solutions to reduce GHG
emissions in urban areas;- Allocating state budget over VND 21,000 billion (USD 800 million)
per year for environmental protection activities.

3.2. Actions to support businesses

Solutions to support businesses in achieving
net-zero targets- Guiding enterprises in many sectors (Waste, F&B, Cement, etc.) toimplement GHG and MRV inventories in mitigation actions;- Introducing and guiding the implementation of GHG reduction
models;- Implement tax incentives for businesses investing in green andenvironmental protection projects;- Cooperating with the private sector and international organizations
for activities to reduce emissions through the formation anddevelopment of green financial markets;- Finalizing the legal framework on green bonds;- Developing domestic carbon market.

4. Conclusion

4. Conclusion

Since 2020, Vietnam has
issued many strategies
and policies to fulfill its
commitments onclimate changeNHẬN THỨCTÁC ĐỘNGKhốiNHUKTTN
CẦU chịuNGUỒNKhốiKTTNLỰCthiếuCác DNtiếp
nhiềutáccầnđộng
củasáchsựNgânđầu tưvàonhàcácCƠHỘIcậnthêmvớithiêntai, BĐKHnướcphụcvụhoạtđộnggiảmDNứng chínhphó vớinhiều
sáchứngrủiphóthiểuroBĐKHthiên
BĐKH là ưu điểmtailà không đủ và ưu đãi để ứngđểphó
tiếpvới
cậnBĐKH
cácnhà đầu tư lớn

The government has
actively supported localities
and businesses with thecommon goal of responding
to climate change

4. Conclusion
Common targets
Awareness

Achieving emissions
reduction commitments

Raising awareness forlocalities and businesses onclimate change

Opportunities

FinancialReducing pressure on thestate budget, opening up
financial opportunities forbusinesses through thegreen financial markets

Leveraging resources
between the Government,international organizations
and businesses

Institutions and policies
Improving the efficiency of state
management; strengthening theimplementation of policies on
climate change response

THANKYOU