Transition finance for hard-to-abate sectors in Vietnam: A practical guide

Confronted with escalating climate risks and the global push toward a net-zero economy, businesses operating in hard-to-abate sectors must undertake ambitious and credible transition journeys. Transition finance for hard-to-abate sectors in Vietnam provides a strategic resource to guide corporates, investors, and policymakers through this complex process. This guide aims to bridge the gap between climate ambitions and practical actions, focusing on high-emission sectors such as steel, cement, and basic chemicals. It aligns with global frameworks such as the Paris Agreement and Climate Bonds screening methodologies, offering clear guidance on developing credible, science-based transition plans.

This guide serves as a manual for diverse stakeholders. For corporates, it offers a structured approach to developing transition plans that integrate sustainability into core business strategies while enhancing competitiveness. Investors and financial institutions can leverage the guide’s detailed framework for assessing corporate transition plans, identifying credible investment opportunities, managing climate-related risks, and designing innovative financial products to support impactful decarbonisation projects. Policymakers can use its insights to create effective regulatory frameworks that accelerate Vietnam’s transition to a low-carbon economy.