Shifting Investment Flows Towards Green Transformation

Vietnam has set two ambitious goals: becoming a high-income country by 2045 and achieving net-zero emissions by 2050. Achieving both targets depends on sustainable, low-carbon growth fuelled by green finance. 

 The SHIFT project supports this transition by accelerating green innovation and strengthening the investment environment to mobilise vital funding for Vietnam’s green transition and sustainable development. 

Vietnam’s green transition requires significant structural change and large-scale investment, estimated at USD 2.4 trillion by 2050. 

 While the Government of Vietnam has introduced key strategies such as the National Green Growth Strategy and Power Development Plan VIII, a gap remains between policy ambition and implementation. Unlocking green transformation requires stronger financial instruments, improved implementation capacity, and better alignment between financial institutions and businesses. 

SHIFT aims to create favourable framework conditions for green investment, with a strong focus on the energy transition, while enhancing the capacity of key stakeholders. 

The project works across financial and energy sectors to bridge gaps between investors and enterprises, strengthen collaboration between policymakers, financial institutions, and the private sector, and support businesses in testing, piloting, scaling, and replicating clean energy solutions. 

By improving access to green finance and fostering dialogue across stakeholders, SHIFT helps channel investment into climate-friendly solutions and accelerate a low-carbon, climate-resilient economy. 

A key component under SHIFT is the Green Innovation Grants Initiative (GIGI), implemented by SNV. GIGI supports innovative small and medium-sized enterprises (SMEs) through non-refundable grants, capacity-building, and investor matchmaking, enabling them to pilot and scale clean energy solutions and to strengthen their investment readiness. 

SHIFT supports Vietnam’s transition towards a low-carbon, climate-resilient, and inclusive economy by strengthening green finance and energy transition frameworks, enhancing stakeholder capacity, and accelerating the adoption of green technologies and practices. 

The programme works across both the supply and demand sides of green investment to help mobilise finance, support innovation, and advance sustainable growth in Vietnam.  

As part of SHIFT, the Green Innovation Grants Initiative (GIGI)  supports SMEs in strengthening investment readiness and scaling innovative clean energy solutions that contribute to Vietnam’s green transition.