NDF - Financing for climate change and development projects

NDF to assist Vietnam in responding to Climate Change

10.09.2010

NDF will finance a project in Vietnam with the objective of increasing the capacity to design and implement climate change response measures.

"Vietnam is one of the most vulnerable countries to climate change, among the top ten countries to be affected by global warming. At the same time, rapid economic growth threatens to increase CO 2 emissions. It is against this background that the government of Vietnam has made tackling these threats a key priority,” says NDF’s Country Program Manager Martina Jägerhorn .
In December 2008, the Government of Vietnam approved the National Target Program (NTP) as a response to the climate change threats. The NTP requires action plans for different sectors and provinces, but there is not a comprehensive approach or a set of guidelines for designing these action plans.
”That is why the primary goal of the project is to assist the government directly in setting these guidelines in certain key sectors that have not yet received any support,” says Jägerhorn.
The key sectors are transport, energy, industries and urban planning.
The main objective of the project is to develop and put into operation detailed action plans and to strengthen institutions for planning and design of climate change projects. The project will also aim at supporting community awareness campaigns and designing climate change pilot projects.
The project will provide technical assistance to develop and implement the detailed action plans in support of the National Target Program. The technical assistance will support the Ministry of Industry and Trade, the Ministry of Transport, the Thanh Hoa province and two cities, Da Nang and Ho Chi Minh in developing plans that can serve as examples for other sectors and municipalities.
The Ministry of Transport will be the Executing Agency for the technical assistance. The Ministry of Transport and the people’s committees of Thanh Hoa, Ho Chi Minh City and Da Nang will function as implementing agencies under the overall coordination of the Executing Agency.
An international consulting firm together with local consultants will provide the consulting services.
The total project funding amounts to EUR 2.41 million. The NDF grant is EUR 2.21 million. The Asian Development Bank will act as partner agency. The project period is two years starting from October 2010.
More information
Support for the National Target Program on Climate Change