MPI Deputy Minister Nguyen Thi Bich Ngoc and UNDP resident representative Caitlin Wiesen were discussing the CPEIR

On February 23, at the headquarters of the MPI, Deputy Minister Nguyen Thi Bich Ngoc received UNDP resident representative Vietnam Caitlin Wiesen.

Wiesen announced organising a conference for the launch of the CPEIR. With the assistance of six ministries and 29 cities and provinces, the review provides trends on allocating climate change finance and a proper way for mobilising resources for Vietnam. The CPEIR is a useful reference for all ministries and agencies of Vietnam to review and assess the mobilisation and allocation of finance in the global fight against climate change.

Caitlin Wiesen said that UNDP would like to work with the MPI to carry out research projects, develop a climate finance strategy, mobilise climate finance for strategic development in Vietnam, and develop a national programme.

She highly appreciated Vietnam's commitment at COP26 on reaching net zero by 2050 and endorsing the statement on a clean transition away from coal, which has received positive comments from numerous countries around the world.

MPI Deputy Ngoc highly appreciated UNDP's support in implementing these activities in collaboration with the MPI in recent years. She said that the CPEIR is important to confirm the transparency and accountability of Vietnamese agencies to the international community and to be the basis for improving the implementation of important policies on climate change and green growth in Vietnam.

The report also helps donors with specific assessments of Vietnam in the implementation of its commitments at COP26 and is expected to be a useful tool to effectively allocate funding and resources for sustainable development and green growth.

The deputy minister emphasised that the MPI will work closely with UNDP to successfully organise the CPEIR announcement workshop.

After COP26, the prime minister directed the establishment of a National Steering Committee to effectively implement Vietnam's commitments.

The deputy minister stated that the MPI will closely coordinate with UNDP to implement all activities. UNDP is expected to continue to act as a bridge to help the ministry access appropriate financial resources such as the Green Climate Fund, develop an appropriate climate finance strategy for Vietnam, and effectively implement the national strategy on climate change and green growth.