Fiscal Impact of Natural Disasters in Vietnam

Strengthening disaster risk management is a priority for the Government of Vietnam (GoV). In  November 2007, the GoV approved the National Strategy for Natural Disaster Prevention, Response, and Mitigation. This strategy recommends the development of disaster risk financing solutions (including insurance) to complement disaster risk management strategies. The GoV requested the World Bank to conduct a study on the fiscal impact of natural disasters to facilitate the development of this financial strategy.