Intended Nationally Determined Contribution of Viet Nam

Viet Nam’s INDC includes a mitigation and an adaptation component. The mitigation component includes both unconditional and conditional contributions. The unconditional contributions are measures that will be implemented using domestic resources, while the conditional contributions are measures that could be implemented if new and additional international financial support, technology transfer and capacity building are received. Viet Nam’s INDC identifies the GHG reduction pathway in the 2021-2030 period. With domestic resources GHG emissions will be reduced by 8% by 2030 compared to the Business as Usual scenario (BAU). The above-mentioned contribution could be increased up to 25% with international support. The adaptation component describes the climate change adaptation actions that are currently being implemented. It also identifies adaptation gaps in terms of institutional and policy arrangements, financing, human resource capacity and technology and prioritized adaptation measures for the 2021-2030 period. It is estimated that the national budget will be able to meet approximately one third of the financial needs to implement adaptation measures in this period, and will seek international support and private sector investment for the remainder.