State bank launches tool to facilitate green finance

State bank launches tool to facilitate green finance

As of March 2025, 58 credit institutions in Vietnam had outstanding green loans, a sharp increase from 15 in 2017. The average growth rate of outstanding green loans in the 2017-2024 period reached over 21% per year, higher than the growth rate of outstanding loans for the economy.
Vietnam steps up efforts to reduce agricultural carbon footprint

Vietnam steps up efforts to reduce agricultural carbon footprint

Vietnam is actively implementing its commitments from the COP26 Climate Change Conference, aiming towards the net zero goal by 2050 through its National Strategy for Green Growth. Following this general trend, the agricultural sector is also promoting the application of environmental, social, and governance (ESG) standards and investing in green technology, thereby enhancing competitiveness and deeper participation in global value chains.

Vietnam, GGGI continue cooperating in green growth

The Ministry of Planning and Investment (MPI) and the Global Green Growth Institute (GGGI) have launched the Vietnam-GGGI Country Planning Framework (CPF) for the 2024-2028 period to enhance their cooperation in the next five years, according to the ministry.

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.

Tourism to become truly spearhead, green industry by 2030

Vietnam aims to turn tourism into a truly spearhead economic sector with green growth and world leading development capacity by 2030.

Pioneering force for green growth

Determined not to accept the model of “growing first, cleaning up later”, Vietnam hopes foreign direct investment (FDI) enterprises will be the "pioneering” force in implementing the green growth strategy.

Prime Minister highlights pioneer role of FDI firms in green growth

Prime Minister Pham Minh Chinh on March 19 chaired a meeting with FDI enterprises and the annual Vietnam Business Forum (VBF) in Hanoi.

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).

Businesses in Vietnam invest 9 billion USD in green growth, development: workshop

The corporate sector, including both FDI and domestic enterprises, has invested about 9 billion USD in fields related to green growth and green development, an official said at a workshop named “FDI Enterprises in Vietnam’s Green Growth” held on April 27.

Vietnam’s green economy expected to reach 300 billion USD by 2050

Vietnam has set a target of increasing its green economy's contribution to GDP from 6.7 billion USD in 2020 to 300 billion USD by 2050, which requires drastic and breakthrough steps, Minister of Planning and Investment Nguyen Chi Dung has said.
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