Green Growth Strategy Facility (GGSF)

The Vietnamese Green Growth Strategy is implemented The green growth strategy of Vietnam is motivated by the understanding that the efficiency of the use of natural resources can be improved and that climate change is an increasingly crucial topic to Vietnam requiring actions both in the fields of adaptation and mitigation. The awareness is growing that Vietnam faces increasing problems related, at least, to air pollution, water pollution, poor energy efficiency and waste management. The Vietnamese green growth strategy is launched against a backdrop of expected reductions in donor funding in Vietnam, and a few years of relatively low economic growth, requiring a revitalization of Vietnamese economics in a competitive environment. To reflect and emphasize the alignment of the project with the adopted Vietnamese green growth strategy, the Green Economy Support Facility (GESF) has become the Green Growth Strategy Facility (GGSF). The Green Growth Strategy Facility aims at supporting the Vietnamese Government in the implementation of its Green Growth Strategy and the setup of the related Facility. To do so, it will develop a model that is designed to be attractive and easy-to-use for other donors.

A Facility to support the implementation of the Vietnamese Green Growth Strategy enables Green initiatives