Climate Business is one of the strategic priorities of the World Bank Group. The Financial Institutions Group (FIG) of IFC provides investment and advisory services to financial institutions (FIs) to help them establish profitable climate business and scale up financing of climate friendly projects. The focus is to support FIs; especially IFC’s clients build viable and scalable climate finance operations; leverage their client base and partnerships between FIs and market players such as energy service companies; equipment vendors; international supply chains and various players who support the promotion of climate smart investments and emission reduction.In the course of its climate agenda; IFC is leveraging its expertise through the Blue Finance Program; towards developing financial market solutions to address depletion of the blue economy and scarcity of clean water resources in order to create an enabling environment and upscale the movement of capital towards blue projects. IFC has also published in 2022; the guidance for Blue Finance which identifies eligible blue project categories to guide IFC’s investments to support the blue economy; in line with the Green Bond Principles and Green Loan Principles. This document will form the basis for the activities laid out in this ToR (https://www.ifc.org/en/insights-reports/2022/guidelines-for-blue-finance).For Viet Nam as the green business grows there is a need to look closely at establishing a Blue Finance Program. For this; there is a need to develop insights to identify potential blue sectors; business models; opportunities; market gaps; financing needs and potential partners/clients IFC has an opportunity to collaborate with in the area of Blue Finance in Viet Nam.