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Technical workshop to support planning for a green bond to mobilize finance for sustainable agriculture in Viet Nam

Hanoi, Viet Nam, 25 March 2025









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    Countries in Asia and the Pacific are working to mobilize innovative finance for sustainable, climate-resilient agriculture. At the same time, smallholder farmers remain highly vulnerable to climate change impacts and face persistent barriers in accessing finance. Green bonds offer a promising tool to accelerate investment and target proceeds to small-scale producers and agri-SMEs for adopting climate-smart practices and technologies at scale, as needed to implement national climate action plans and agricultural priorities. This report summarizes outcomes of a high-level Regional Knowledge Exchange hosted by FAO with support from Viet Nam’s Ministry of Agriculture and Environment in collaboration with the Climate Bonds Initiative. Held in Hanoi, the exchange convened agricultural policymakers, financial institutions and development partners to share experiences and co-develop pathways for leveraging green bonds in agriculture. Case studies from Bangladesh, Cambodia, India, Philippines, Thailand, and Viet Nam highlighted opportunities to align green bond issuances with national and regional objectives. Working sessions applied new Agriculture Criteria to green bond frameworks and identified use of proceeds targeting smallholder farmers and agri-SMEs. Participants also addressed key challenges in developing green bonds and capacity strengthening needs across financial institutions and agricultural value chains. The exchange concluded with a shared commitment to regional collaboration, including advancement of an ASEAN Green Bond for Sustainable Agriculture—an emerging initiative to drive climate-resilient investment across the region’s food systems.
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    The Mekong River Delta, Viet Nam's primary rice production region, confronts intensifying climate challenges that threaten both agricultural productivity and environmental sustainability. This report documents outcomes from the national event "The transformation to a sustainable, high-quality, and low-emission rice sector in Viet Nam: Participatory workshop on climate actions and resilience" that examined strategic approaches for transforming rice cultivation systems toward high-value, low-emission practices aligned with national green growth objectives. The document outlines a comprehensive investment framework targeting sustainable water management and climate-smart rice production across one million hectares in the delta. The proposed initiative integrates four complementary elements: climate-resilient cultivation techniques, irrigation infrastructure modernization, strengthened market linkages for premium rice varieties, and knowledge transfer mechanisms to support adoption. By applying climate foresight methodology, stakeholders identified context-specific interventions that address projected changes in temperature patterns, water availability, and soil conditions. Part of the Agriculture Sector Readiness project for enhanced climate finance in Southeast Asia, this workshop demonstrates how strategic climate investments can simultaneously enhance production quality, reduce greenhouse gas emissions, and improve farmer livelihoods in vulnerable rice-producing regions of the Mekong Delta.
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    Envisioning sustainable agricultural futures in Malaysia: National participatory workshop on climate actions and resilience
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    Malaysia's agrifood systems face mounting challenges from climate change, requiring strategic transformation toward resilience while maintaining food security and economic stability. This report documents outcomes from the "Envisioning sustainable agricultural futures in Malaysia" national participatory workshop, which established a vision for the country to embrace sustainable, resilient, and climate-smart agriculture ensuring access to safe, nutritious, and affordable food for all. The workshop identified six key drivers of change affecting agricultural transformation: climate change, food prices, geopolitical instability, consumption patterns, population dynamics, and emerging uncertainties. Through collaborative stakeholder engagement involving multiple key institutions, four strategic project concepts were developed to address these challenges: an agroecological transformation initiative, utilization of genetic resources and emerging technologies to enhance rice farming resilience, biodiversity conservation for climate adaptation, and modernized climate information systems for agriculture. The document outlines how these initiatives align with Malaysia's climate commitments while providing practical implementation pathways. Part of the Agriculture Sector Readiness project for enhanced climate finance in Southeast Asia, this workshop demonstrates how targeted climate-smart agricultural investments can simultaneously address decarbonization goals, enhance food security, and build systemic resilience in national agrifood systems facing climate uncertainties.

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