HANOI, June 12 : Vietnam will need US$368 billion or 6.8 per cent of GDP per year, through 2040 to tackle climate change, the Vietnam News newspaper reported on Monday. Vietnam's latest power development plan estimated that the country would need US$134.7 billion to shift away from coal-fired power toward renewable energy, developing new power plants and power grids, between 2021 and 2030, the report said. Working toward the dual targets of becoming a high-income country and achieving carbon emission neutrality in the next 30 years will require Vietnam to raise large funding, according to the International Finance Corporation.

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