Việt Nam must scale-up budget for climate change adaptation
Việt Nam increased its public expenditure for climate change in 2016-2020, however, more investment is needed to address climate risks and to mobilise more support from international and private sources, according to experts at a workshop held on Friday (11/3) to launch a report on Climate Public Expenditure and Investment Review of Việt Nam.
The climate change budget represented a relatively stable proportion of the total provincial budget, varying between 16-21 percent of the total budget. While the domestic budget allocation was stable, ODA tended to increase. The provinces’ climate expenditure was focused on concrete interventions, such as food and water security, response actions to sea level rise and forest development.
