Vietnam

Country indicators

GDP per capita - gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. (Source: World Bank)

GDP per capita
(USD):

2,123.46

Fossil fuel subsidies (USD, billions) - All consumer and producer pre-tax subsidies. Pre-tax consumer subsidies exist when energy consumers pay prices that are below the costs incurred to supply them with this energy. (Source: IMF)

Fossil fuel subsidies (USD, billions):

1.11

Fossil Fuel Subsidies as % of GDP - All consumer and producer pre-tax subsidies as percent of a country’s GDP. (Source: IMF)

Fossil fuel subsidies
(% of GDP):

0.5

Fossil Fuel Subsidies with externalities as % of GDP - All consumer and producer post-tax subsidies. Post-tax consumer subsidies exist if consumer prices for energy are below supply costs plus the efficient levels of taxation. (Source: IMF)

Fossil fuel subsidies with externalities (% of GDP):

-10.54

Revenue from environmentally related taxes as % of GDP - All revenue from environmentally related taxes - defined as any compulsory, unrequited payment to general government levied on tax-bases deemed to be of particular environmental relevance – as percent of a country’s GDP. (Source: OECD)

Revenue from environmentally related taxes (% of GDP):

n/a

Carbon pricing gap - Measure of how much countries fall short of pricing carbon emissions in line with a EUR 60 benchmark value (midpoint estimate of the carbon costs in 2020 and a low-end estimate for 2030). The difference is presented as percentage: If the Effective Carbon Rate (ECR) on all emissions is at least as high as the benchmark, the gap is zero, and if the ECR is zero throughout, the gap is 100%. (Source: OECD)

Carbon Pricing Gap
(%):

n/a

News

P4G Seoul Summit unites world leaders for inclusive green recovery, serves as stepping stone for next climate COP

2021-06-14

P4G Seoul Summit wrapped up on May 31, proclaiming global inclusive green growth in Seoul Declaration. The Summit called for global cooperation in climate change response; developed countries announce support for

Vietnam implements carbon pricing strategy for lowering greenhouse gas emissions (Saigon online)

2020-07-20

Vietnam has been implementing carbon pricing strategy for lowering greenhouse gas emissions by participating the World Bank’s program “Partnership for Market Readiness”. To read the full article, refer to the

Hanoi will not charge motorbike drivers to enter the city

2018-11-19

09.11.2018 – Hanoi is planning to collect fees from car drivers and the level of this vehicle charge depends on the scope of pollution levels and the congestion of the areas.

Reports

Green Finance in Vietnam: Barriers and Solutions (ADB)

2018-12-06

According to a report published by the Asian Development Bank (ADB), key factors such as the low-regulated price of electricity and uncertainty of the creditworthiness of Vietnam’s state-owned utility EVN

Power Trip: Southeast Asia’s journey to a low carbon economy (Eco-Business)

2018-11-08

According to this report by Eco-Business, insufficient regulation and fossil fuel subsidies are holding back Southeast Asia’s transition to a low carbon economy. The report outlines the challenges and potential

Vietnam

Country indicators

News

P4G Seoul Summit unites world leaders for inclusive green recovery, serves as stepping stone for next climate COP

Vietnam implements carbon pricing strategy for lowering greenhouse gas emissions (Saigon online)

Hanoi will not charge motorbike drivers to enter the city

Reports

Green Finance in Vietnam: Barriers and Solutions (ADB)

Power Trip: Southeast Asia’s journey to a low carbon economy (Eco-Business)

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