The Climate Finance Accelerator (CFA) is a global technical assistance programme funded by the UK government to directly support climate projects to access finance. The CFA operates in nine countries (Viet Nam, Colombia, Nigeria, Mexico, Türkiye, South Africa, Peru, Egypt, Pakistan) with the aim of encouraging the flows of finance required to deliver on countries’ ambition to limit global warming to 1.5°C.
Delivery of the CFA in Viet Nam is led by PwC (Vietnam) Limited. The CFA programme provides project developers with support and training from technical, financial and gender equality and social inclusion experts. It also facilitates knowledge sharing and learning with financial institutions and public bodies, both nationally and internationally. Following the training, CFA Viet Nam will bring project developers and financiers together for workshops planned in Ha Noi. This will enable projects to meet potential investors and present their projects.
The CFA programme in Viet Nam will select 8-12 projects to receive training in technical, financial, mitigation potential and gender and social inclusion aspects. The objective is to help them to obtain financing with different national and international investors.
CFA in Viet Nam targets to benefit projects in but not limited to renewable energy; energy / resource efficiency; e-mobility; water supply; wastewater treatment; waste management; waste to energy; low carbon manufacturing; green agriculture; decarbonisation of construction.
The CFA Programme in Viet Nam is planning to hold an in-country event in Ha Noi in Spring 2023 to connect selected project developers with local and international financiers, business associations, and policymakers.
CFA Viet Nam is a practical and deal-oriented programme that supports climate projects to improve their bankability and appeal to financiers.
Preparing projects that are attractive to investors is challenging. Low carbon projects are often perceived as higher risk as new technologies and business models are not widely understood. Regulatory and policy barriers can also create blockages in accessing capital at scale.
The CFA offers a range of support to assist climate mitigation projects in accessing finance.
Please note that the CFA does not provide financing to projects.
Program applications are open, selected projects will be announced in February.
For your questions, you can email us
Project developers will gain valuable insights and develop capabilities to make projects attractive and ready for investors. This includes benchmarking projects against what a bankable / successful project looks like, gaining confidence in speaking to financiers, and learning how to structure project financing. Exchanges of best practices with other CFA countries will also be enabled.
The CFA provides project developers greater opportunities to access finance by working directly with potential investors to understand their needs and develop their projects accordingly. Through the CFA’s reach, project developers have the opportunity to reach commercial and concessional investors, operating both nationally and internationally.
Project developers will have the opportunity to raise their profile and expand their network with stakeholders across the climate finance landscape, including local and international financiers, policy makers, researchers and other private sector organisations, in addition to a cohort of projects facing similar challenges. The network will provide project developers with long-lasting benefits to current and future low carbon opportunities.
The CFA supports projects to realise and communicate their positive impacts. The CFA has access to climate, sectoral and social impact specialists and can assist projects to support local and national climate ambitions, as well as helping to unlock co-benefits such as poverty reduction, improved gender equality and social inclusion, and tackling biodiversity loss.
The CFA supports low carbon projects that are seeking finance.
Candidate projects should:
For further information on whether your project is suitable, please get in touch here
|15 December 2022||09 January 2023||15 January 2023||March 2023||April 2023||May 2023|
|Call for proposals opens||
CFA Viet Nam Information Session (3 - 5pm)
|Call for proposals closes||Announcement of selected projects||Capacity building for selected projects||CFA Viet Nam workshop event|
* These dates may change.
As we enter a key decade for climate action, both local and international financial institutions are critical in supporting the development and implementation of low carbon projects to achieve national climate commitments.
The flows of climate finance depend on various elements including, crucially, a stock of strong projects being financed by willing investors, with these transactions being supported by a conducive enabling environment. Finance providers often lack familiarity with low-carbon opportunities in these markets, hence have a lower risk appetite or willingness to invest.
The Climate Finance Accelerator (CFA) has been established to support project developers and financiers work together to fund low carbon opportunities.
The CFA provides local and international financial institutions in Viet Nam early visibility of, and closer engagement with, a credible pipeline of profitable low carbon projects. The projects supported by the CFA will be socially and environmentally sustainable, contributing to sustainable and inclusive development.
Local and international financial institutions in Viet Nam that engage with the CFA will benefit from the opportunity to better understand alternative financial mechanisms, such as innovative approaches to blended and green finance, as well as a deeper understanding of where projects are across the ‘climate finance supply chain’ - from project origination, to development, financing and refinancing.
The CFA will enable local financial institutions to raise their profile and expand their networks. Deeper contacts will be fostered with other financiers, project developers, government representatives at national and local level, national and international development banks & agencies. The network will provide project developers with long-lasting benefits to current and future low carbon opportunities.
Local and international financial institutions in Viet Nam can share their knowledge and skills with project developers, to support them in building projects that are more investment-ready. This in turn will help financiers to see the level of readiness of projects.
is a producer of biogas from rice straws using a dry-digestion system. The production of biogas can create energy and a high-grade digestate that can be utilised as a fertiliser.
is a tech company providing automation solutions in the energy and agriculture sectors. CAS has two smart agriculture projects participating in the CFA Viet Nam. Their Circular Rooftop Farming project focuses on developing and implementing advanced solutions for farming on rooftops, urban houses, and building spaces to promote productive green areas in big urban centres. Meanwhile, their Circular Agrisolar Farms seeks to implement high-tech greenhouses using solar and biowaste renewable energy in rural areas.
is Viet Nam’s first domestic electric motorbike company. With a mission to drive mass adoption of green transportation in Viet Nam, Dat Bike’s proposed project aims to manufacture modern, tech-driven electric bikes for the mass market and develop solar-powered battery charging infrastructure.
is a subsidiary of Deep C Industrial Park - an aspiring eco-industrial park in Viet Nam. Deep C Green is looking to expand the installation and operations of rooftop solar panels on tenants’ roofs and through which, enhance energy efficiency and reduce carbon footprint for Deep C Industrial Park.
is a supplier of biogas electricity for livestock farms. With its system of biogas-fueled electricity generators, Egreen can help farms cut biogas emissions and significantly reduce electricity costs.
is a company in industrial waste management using circular economy principles. To increase and enlarge the scope of business, Hoabinh have created a new entity to collect, transport and treat industrial and hazardous waste and trade wastes and products after recycling. This project is an extension of the successful first phase of HoaBinh High Tech Environment JSC.
is implementing a project that focuses on treating and reusing coal-fired power fly ash to produce Autoclaved Aerated Concrete (AAC) bricks and other types of unburnt bricks, which are alternatives to traditional burnt clay bricks, contributing to the decarbonisation of construction materials sector in Viet Nam.
is the manufacturer of bamboo products such as bamboo boards, bamboo panels for flooring and building materials, activated carbon, pellet fuels and handicrafts. The project partners with forestry partners with sustainable cultivation practices and aims to increase the economic value of bamboo across its value chain in the Viet Nam’s Central Highlands.
No. The CFA does not provide or guarantee funding for projects. The CFA facilitates access to suitable investors, and provides capacity building, networking opportunities, and visibility for projects to achieve their low carbon project objectives.
Of course! There is no limit to the number of projects that apply to the call for proposals as long they meet the requirements described above.
No, projects are only considered in Viet Nam. It is possible for projects with different branches or partner projects in different countries to take part in the CFA, as long as the main project is in Viet Nam.
Yes, cogeneration-related projects are most welcome. Please specify how the project will cause GHG emission reductions.
Once the online application has been submitted to the Accelerator, no changes can be made. A new application must be filled out if changes are required and you should notify us by email to consider only one proposal.
Yes, if you believe your project will make substantial positive impacts to climate in Vietnam. We will consider smaller projects on a case-by-case basis, however projects with finance need of at least US$5M are prioritised.
Financial instruments offered by the financiers and investors will depend on the project and its characteristics, and different instruments may be used, such as green bonds, loans, equity investments and public-private partnerships, among others.
Yes, but we suggest doing it sooner rather than later as we review proposals on a rolling basis.
Giang My Huong
Senior Manager, Capital Projects and Infrastructure, PwC Vietnam
Tel: +84 976 065 886
Nguyen Thuy Linh
Senior Associate, Capital Projects and Infrastructure, PwC Vietnam
Tel: +84 90 32 28 580