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Construction of O Mon III Combine Cycle Power Plant with capacity of 1,050 MW
This policy note develops recommendations for implementing Viet Nam’s clean-energy transition while maintaining the financial sustainability of power-sector utilities and the wider sector.
In this technical assistance, ETP, in a close cooperation with MOF and relevant government agencies, will conduct assessments and consultations with relevant governmental authorities, international development agencies, exchange and financial institutions, potential market makers and players and other key stakeholders to evaluate the existing legal, institutional and infrastructure conditions of Vietnam and to identify the gaps to be fulfilled for development of the carbon market and carbon trade exchange (CTX) in Vietnam.
The project combines infrastructure investment and technical assistance to improve the management of large hydropower reservoirs through real-time monitoring, supervision and decision-support systems in the Hong–Thai Binh River Basin.
The proposed operation will support the Government of Vietnam’s effort to promote a more inclusive, green and digital-friendly economic recovery in the aftermath of the COVID-19 pandemic.
As part of the Asia and the Pacific programme, the CFN will support Viet Nam to mobilise and effectively manage, utilise, track and report finance sources for climate change responses in Viet Nam. This will cover activities across all the six workstreams, with a focus on creating policy framework, building capacity and enhancing governance to mobilize and combine climate finance, including domestic finance, international finance and private sector’s investment. Strategic policy analysis and dialogues on climate change response measures as defined in Viet Nam’s Nationally Determined Contribution (NDC), including energy transition, circular economy, will be undertaken to inform enhanced actions and investments by the government, cities, businesses, private sectors and women and men, youth and all Vietnamese people.
The OECD programme strengthens clean energy policies in Viet Nam and helps create an enabling environment for clean-energy finance and investment through policy analysis, technical assistance and engagement with investors.