Tenders are invited for Consultancy to Assess Nexus of Blended Climate Financing with Adaptation Focus for Vietnam Red Cross Society. Closing Date: 21 Nov 2025 Type: Consultancy Themes: Climate Change and Environment/Disaster Management Background Vietnam remains one of the most hazardprone countries in the AsiaPacific, exposed to typhoons, floods, droughts, heat waves, landslides, and forest fires. Its long 3,260 km coastline, mountainous terrain, and dense river systems magnify vulnerability to natural hazards, many of which are intensified by climate change. In September 2024, Typhoon Yagithe strongest storm to strike Vietnam in decadesmade landfall over Qung Ninh and Haiphong with winds exceeding 200 km/h. The disaster resulted in over 320 deaths and missing, nearly 2,000 injuries, and more than 102,000 houses destroyed or damaged. The estimated economic damage reached 83.7 trillion VND ( US $3.33.5 billion)equivalent to roughly 0.6% of Vietnams 2023 GDP and causing projected downward revisions of GDP growth by 0.150.35 percentage points. One of the worlds most climate-vulnerable countries[1], without adaptation Vietnam could lose 12.5% of GBP by 2050, alongside significant loss of life. The country requires $233 billion in adaptation investments by 2050, but limited access to blended and climate finance[2] by a key national actor the Viet Nam Red Cross Society (VNRC) is delaying progress. VNRCs auxiliary status to the Vietnamese government legally mandated to lead disaster response with accelerated authorisation structures, its nationwide access and 30 years experience in climate adaptation, uniquely places it to significantly scale climate action. A recent World Bank Report[3] recommends leveraging public-private-donor finance models to increase climate finance for the country. The British Red Cross (BRC) Society in partnership with Vietnam Red Cross (VNRC) Society has recently secured flexible funding through Climate Action for a Resilient Asia (CARA) project, a UK Government initiative supporting climate adaptation and resilience across Indo Pacific in Vietnam. This project provides a catalytic opportunity to support VNRC to improve its access to nexus of blended climate finance, which will, i) enable delivery of climate adaptation, resilience and disaster response programming at scale; and ii) develop a replicable model for the Red Cross Movement using Vietnam as a pilot case and that can be replicated by other Red Cross (RC) National Societies regionally. This project will run through from September 2025 September 2026, with final deliverables expected to be achieved by July 2026. The BRC is commissioning a professional consultant to develop an actionable investment case and roadmap for VNRC to access and effectively mobilise sustainable blended climate finance that have an explicit adaptation focusat national, regional and international level. 2. Rationale of the consultancy To strengthen VNRCs capabilities in effectively mobilising sustainable finance, enabling locally led climate resilience, response programming and Nature based solutions at scale that will support Vietnams climate goals[4] in protecting vulnerable communities and also form a foundation for other national societies around climate blended financing within the region. 3. Objective The overall objectives of this consultancy are to Map out the nexus of blended climate related financing landscape, that has an explicit adaptation focus. Develop a clear investment roadmap for VNRC to access and manage climate financing. Using Vietnam as a pilot case, to provide guidance note with clear pathways for the Red Cross Movement to replicate in accessing / using blended finance instruments with an explicit adaptation focus by other Red Cross National Societies across the region. 4. Methodology The consultancy firm has to bring in a group of domain experts who will work as a team to deliver the outputs as mentioned below under section 6 of the ToR. At the start of contract, the consultancy firm will prepare an inception report with a detailed methodology/technical approach including a clear work plan to produce key deliverables as specified in the TOR. The consultancy firm will maintain regular communication with agreed time intervals to share the progress with project strategic group comprising of representatives from VNRC, BRC, FCDO, climate finance expert from IFRC and external agencies for strategic guidance. For day-to-day operations and coordination, the consultants will communicate with BRC and VNRC team lead. 5. Scope of work A. Analyse feasibility of financial tools (like loans, bonds, parametric insurance, results-based finance, and other innovative instruments), focusing on how they can be blended especially with insurance and other suite of investments options into a broader disaster risk finance that fits with Vietnams legal framework and explore how the approach could be scaled and adapted for use by other Red Cross Societies in the region. B. Analyse the political and governance system to understand the different roles that specific Government of Vietnam departments, linked entities, domestic financers, bankers and broader stakeholder have in influencing and regulating access to blended climate financing, with explicit adaptation focus. C. Map nexus of blended climate related financing landscape, that have an explicit adaptation focusavailable at national and international climate finance options with a focus on the role that blended finance can play viz. the Growth Investment Partnership such as BII / PIDG, Green Bonds etc that are backed by local banks and potentially attractive for humanitarian settings. This could include selecting 3-4 priority instruments (e.g., loans, credit lines via local banks, green/blue bonds, blended financing structures insurance, results-based finance etc.). For each instrument, check Vietnams fit based on legal requirements, set-up time, financial risks, controls needed). Build simple selection tools: Decision Matrix or Decision Tree to assess applicability of different instruments. D. Assess VNRCs funding architecture, income generation potential, and institutional readiness for managing climate financing, identify structural gaps in relations with government of Vietnam regulations / policies and recommend mechanisms to address them. E. Return on investment analysis to assess the impact that blended financing could have to justify the choice of instrument in terms of cost effectiveness and efficiency of operations during emergency and long-term programming while cross referencing case studies developed by Red Cross under component 1 of CARA project. F. Develop a clear blended climate financing roadmap (with short term, mid term and long term objectives and associated action plans) for VNRC that have an explicit adaptation focus and that has a scope for replication across the region to enhance climate resilience, disaster risk reduction and sustainable humanitarian actions. G. Develop an actionable funder-ready investment case for VNRC based on various analysis undertaken under the scope of this work that include purpose, problem statement built on latest climate research, governance, budget, risk/mitigation measures. H. Using Vietnam as a pilot case, to provide guidance note with clear pathways for the Red Cross Movement in accessing / using the nexus of blended climate finance instruments with explicit adaptation focus by other Red Cross-National Societies across the region. 6. Deliverables/expected outputs A. A clear blended climate financing roadmap (with short term, mid term and long term objectives and associated action plans) for VNRC and that has a scope for replication across the region to enhance climate resilience, disaster risk reduction and sustainable humanitarian actions. B. An actionable funder-ready investment case for VNRC based on various analysis undertaken under the scope of this work including application tool kit. This application kit to include editable templates and models commonly required by public and private institutions such as policies, financials, logical frameworks, draft MoU templates. C. Return on investment analysis with a clear framework to demonstrate the impact of blended climate financing to justify the choice of instrument in terms of cost effectiveness and efficiency of operations during emergency and long-term programming. This could include simple climate finance screening tool/Process (Excel/low-code tool) to scan, score and triage opportunities (based on eligibility and strategic fit). D. Two policy briefs and recommendations on climate financing and blended financing in resilience and humanitarian setting ensuring they are tailored to the audience which should cut across blended finance providers as well the humanitarian community. E. Using Vietnam as a pilot case, to provide guidance note with clear pathways for the Red Cross Movement in accessing / using blended finance instruments with explicit adaptation focus by other Red Cross National Societies across the region. 7. Timeline 01 December 2025 to 31 July 2026 8. Payment schedule Payment will be made to the consultancy firm against the agreed work plan. 9. Consultancy firm/consultants profile Essential criteria Each of the team members identified by the consultancy firm should have at least ten (10) years of experience in the domain of deliverables with a clear demonstrated understanding of international frameworks and initiatives related to environment and climate finance, blended financing, climate change, biodiversity and environment, humanitarian actions and relevant policy environment. Experience in policy frameworks at the national, and regional on climate finance, blended financing, climate change, environment, natural resource management and humani Tender Link : https://reliefweb.int/job/4181585/consultancy-assess-nexus-blended-climate-financing-adaptation-focus-vietnam-red-cross-society
