Vietnam Climate In...

Vietnam Climate Innovation Center (VCIC)

Vietnam is one of five countries most vulnerable to climate change in the East Asia Pacific region. The country has suffered from typhoons, floods, and saline intrusion associated with rising sea levels. In recognition of this growing threat, the government established a national green growth strategy to promote clean technologies and reduce greenhouse gas emissions.

The Vietnam Climate Innovation Center (VCIC) supports this national strategy by providing business incubation and early-stage financing for clean technology entrepreneurs in Vietnam. By accelerating the growth of green businesses, the VCIC will contribute to low-carbon development and climate resilience, while creating high-value jobs and promoting national competitiveness.

Facts at a Glance: Press Release 

  • The center will support 48 clean technology businesses in its first three years, and provide over 1,700 households with greater access to climate-smart products and services.
  • The center will contribute to a national strategy to reduce greenhouse gas emissions.
  • The center is an initiative of the World Bank Group’s Climate Technology Program and supported by the Australian Department of Foreign Affairs and Trade and the UK Department for International Development.
  • The global network of Climate Innovation Centers includes business incubators in the Caribbean, Ethiopia, Ghana, Kenya, Morocco, and South Africa.

Brochure: A New Clean Tech Hub to Promote Green Growth

Video: How to Build Climate Resilience While Creating Jobs

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