Strengthening City Disaster Risk Financing in Viet Nam

Abstract

Disaster risk financing instruments provide funding for disaster relief, early recovery, and reconstruction. Adequate financing arrangements are essential in ensuring timely recovery in the wake of disasters and in minimizing their impact on socioeconomic development. This paper presents a summary of a technical assistance project on the development of disaster risk financing solutions for the cities of Can Tho and Hue and, by extension, for other cities in Viet Nam. Many of Viet Nam’s cities face significant risk from natural hazards such as typhoons, flooding, landslide, and drought. The project included the development of disaster risk models, financing gap analysis, and review of legislative and regulatory considerations. Disaster risk financing solutions were identified, focusing on insurance, credit, and capital market instruments.