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Vietnam reaffirms 2050 net-zero goal as green transition needs reach $28 billion

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At Vietnam’s Autumn Economic Forum 2025, Prime Minister Pham Minh Chinh reaffirmed the 2050 net-zero goal. (Photo: Vietnam Government Portal)

Vietnam is facing a significant funding deficit in its green transition. At the Autumn Economic Forum 2025 in Ho Chi Minh City on Nov. 26, experts cited Vietnam’s latest Nationally Determined Contribution (NDC), estimating the nation requires approximately USD 28 billion to push its green transformation by 2030. The government meanwhile reiterated its commitment to achieving net-zero emissions by 2050.

Speakers stressed that meeting these goals hinges on effective capital-mobilization mechanisms and practical support policies. Economist Tran Du Lich, who coordinated the forum’s high-level policy dialogue, warned that in an increasingly competitive global environment, countries delaying both green and digital transformation risk falling behind.

HCMC requires $38 billion for green shift over next decade

A joint report by the Ho Chi Minh City Institute for Development Studies and international partners shows that the city alone will require nearly USD 38 billion (VND 990 trillion) over the next decade for its green and digital transformation, equivalent to about USD 4 billion annually. The city’s estimate underscores the scale of funding needs at both national and local levels.

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