VIE/039
Finance for resilience

The project Finance for resilience aims to enhance the climate and economic resilience of farmers and small businesses in Thua Thien Hue province, in Vietnam.

The project focuses on empowering women through: 

1. Climate-smart agricultural practices: promotion of sustainable farming techniques that increase productivity and resilience to climate change. 

2. Strengthening inclusive finance and market access. This includes: 

• capacity building for Agribank in climate-smart agriculture finance and gender financing. The project marks the first collaboration with a commercial bank in Vietnam for development project implementation. Agribank will receive technical assistance and subsequently offer financial services to the project’s beneficiaries and beyond;
• enhancing financial literacy, market access, and business management skills for farmers, cooperatives, traders, and aggregators. 

3. Improving sector level knowledge and awareness: elevating understanding and practices among regulators (Banking Strategy Institution/ State Bank of Vietnam, Ministry of Finance), research  and training institutions and social organisations through exposure to knowledge-sharing opportunities and international best practices in financial inclusion and climate-smart financing. 

The project is strategically designed to complement the Green Climate Fund funded CARe Hue project, specifically in supporting access to climate-smart agriculture financing, a crucial component of Thua Thien Hue’s strategy for climate change adaptation. 

The project is a pivotal step towards building a resilient agricultural sector in the province, addressing climate challenges, and promoting economic stability with a gender-inclusive approach. By leveraging partnerships with public and private actors and research institutions and focusing on sustainable practices, the project sets a precedent for future climate adaptation and financial inclusion initiatives in Vietnam.