Vietnam stands at an inflection point, primed to take advantage of strong policies and human and natural capital to build its competitive advantage in a low-carbon economy. Our analysis with Vivid Economics highlights how Vietnam is already a specialist in components required for smart grids and energy storage with promising opportunities in other technologies such as solar PV and wind power. A low-carbon industrial strategy can help realign Vietnam’s economy towards these increasingly profitable sectors and help maintain its high economic growth. If implemented, Vietnam stands to gain substantially from this strategy, with some estimates indicating savings of over US$23 billion to 2030. These savings are predicted to come from a renewables-led pathway where renewable energy generation capacity will quadruple in the same period.

SMART Tool [PDF 164.78 KB]

This Strategic Mitigation, Adaptation and Resilience (SMART) Tool is a downloadable Excel resource which accompanies the Horizon to horizon guide. It has been designed to help Pacific Island leaders identify and better understand interactions between mitigation actions and adaptation and resilience priorities. Please refer to the SMART guide and briefing paper for information on how to use this SMART Tool.