Legal framework critical to boosting green credit
The recent amendment of the plan on green banking development in Vietnam is expected to create conditions for credit institutions to effectively promote green credit.
Green finance brings both new opportunities, challenges to Vietnam: Experts
The promotion of green and sustainable financial development has created both new opportunities and challenges for the financial system in Vietnam, according to experts.
Vietnam needs comprehensive regulatory framework to attract green financing
Vietnam needs a clear regulatory framework and solutions to promote the green finance market and encourage private capital flows into green fields, experts have said.
Green credit balance accounts for about 4.2% of total: Central bank
Vietnam’s green credit balance accounted for about 4.2% of the economy’s total credit balance by June 30, 2023, according to the State Bank of Vietnam (SBV).
Banks join in promoting green credit
Commercial banks in Vietnam have been actively offering loans for green projects and expanding green credit through mobilising capital from international credit institutions.
Green credit – an important financial source of economy
Permanent Vice Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has stated that green credit is an important financial source of the economy.
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