HCMC – Vietnam will require an estimated US$55-92 billion between 2021 and 2030 to implement climate change adaptation measures, according to the country’s updated National Adaptation Plan (NAP).
The figure, equivalent to 3-5% of Vietnam’s 2020 GDP, underscores the scale of resources needed to strengthen resilience against increasingly severe climate change impacts. The Government estimates that an additional US$2.7-6 billion must be mobilized each year from non-state budget sources to meet financing needs.
The updated NAP, approved by the prime minister in November 2024, was submitted to the United Nations Framework Convention on Climate Change (UNFCCC). Vietnam is among 65 nations to have filed the report, which outlines national strategies for reducing climate vulnerability and supporting the country’s commitments under the Paris Agreement, reported the Vietnam News Agency.
The report highlights Vietnam’s geographic exposure to climate risks. With a long coastline, thousands of islands, and densely populated deltas, the country faces threats from rising sea levels, extreme weather, and shifting rainfall patterns. Observations show temperatures in Vietnam are rising faster than the global average, while floods, storms, and droughts have become more frequent and unpredictable.
Progress has been made in disaster response policies, international cooperation, and public awareness. However, the report notes persistent challenges, including limited financial resources, outdated legal frameworks, and insufficient capacity in early warning systems and climate technology. Community and private sector participation also remain underdeveloped.
The updated NAP envisions climate adaptation as an integral part of all national development strategies. Its objectives include reducing climate-related risks and enhancing the resilience of natural, economic, and social systems.
Vietnam has emphasized that meeting these goals will require stronger global cooperation in finance, technology, and capacity-building. By submitting the updated plan, the country seeks to demonstrate both its responsibility as a Paris Agreement signatory and its commitment to pursuing sustainable, low-carbon development.
