Climate change is an emergency issue that is having significant imnpacts to the global citizens andentities in many aspects. Beside direct impacts from changes in the environment conditions with increasingextreme natural disasters, climate change also imposes considerable risks to the financial system fromphysical losses, reducing productivity as well as uncertainties from the transition of the economy towordsustainable development. Vietnam is one of the countries that is significantly exposed to the climate change,yet having low adaptation ability. In this study, we provide a systematic review on the impacts of climatechange to the financial system and examine the international experience on the policies to tackle climaterelated risks to the financial stability from several central banks globally. Consequently, we propose somepolicy implications to the Vietnamese regulators accordingly