Central bank approves project on green bank development

The State Bank of Vietnam has recently issued a decision on approving a project on green bank development.

The State Bank of Vietnam has recently issued a decision on approving a project on green bank development.

The central bank will issue guidelines on developing green banks and credit, provide them with incentives such as preferential loans from international organisations and development partners.

Credit organisations were asked to build a strategic framework on green banks depending on their business orientations, market segment, target products and clients, capacity and strength, which must be reported to the central bank.-VNA

VNA