IMPACT OF CLIMATE CHANGE ON VIETNAM'S FINANCIAL SYSTEM

Abstract

The recent increase in natural disasters is a warning bell about the impact of climate change. As one of the most heavily affected countries, Vietnam is expected to suffer a loss of about 12-14.5% of GDP each year due to the impacts of climate change if there are no appropriate response and mitigation measures. fit. That is why climate change impacts still pose great risks to the financial system due to losses from physical damage, reduced labor productivity of businesses as well as uncertainties in the transition process. economic changes and policies of management agencies. In this study, the author systemizes the impact of risks from climate change on the financial system and on that basis proposes a number of appropriate  recommendations for Vietnam.