Keyword: "green credit"

According to the State Bank of Vietnam (SBV), by the end of November 2025, outstanding green credit was estimated at around 750 trillion VND (28.55 billion USD), with an average growth rate exceeding that of overall credit in the economy.

A UNDP representative said Vietnam still has substantial room to improve resource efficiency, cut waste, and promote industries that create green value.

In 2024, the World Bank committed a 350 million USD loan to the Vietnamese Government to implement the one-million-hectare project which associated with green growth in the Mekong Delta.

State-owned Vietcombank currently leads the banking system with total assets exceeding 85 billion USD and a market capitalisation of over 20 billion USD, while maintaining strong financial safety indicators. Its non-performing loan ratio remains the lowest in the sector at 0.97%.

Many banks have established green transition steering committees, embedded the ESG criteria in their business strategies, and expanded funding for environmentally-friendly sectors.

Green growth is no longer a choice but a pressing necessity, particularly for developing nations like Vietnam, according to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Amid growing climate challenges and the global shift towards sustainable development, green credit has emerged as a key pillar of Vietnam’s financial system.

Clear regulations, bankable projects, the pooling of concessional and commercial capital, and climate capacity are four keys that can unlock the climate finance market, a forum heard in Ho Chi Minh City on September 19.

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.

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 a clear regulatory framework and solutions to promote the green finance market and encourage private capital flows into green fields, experts have said.

Among the 12 green fields that the State Bank of Vietnam guides credit institutions to lend, outstanding loans focus mainly on renewable energy, clean energy (accounting for 45%), and green agriculture (31%).

Experts have shared a view that green credit and green growth play an important role in implementing the National Green Growth Strategy in the 2021-2030 period with a vision until 2050 as they create resources for environmentally-friendly projects and programmes.

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).

Commercial banks in Vietnam have been actively offering loans for green projects and expanding green credit through mobilising capital from international credit institutions.

In efforts to develop a green and circular economy, Vietnam is taking steps to boost green credit, the Lao dong (Labour) daily reported.

Green credit growth in Vietnam has remained limited due to the lack of a clear legal framework, according to industry insiders.

As a rapidly growing economy, Vietnam is facing many difficulties in ensuring energy security, green and sustainable development, insiders have said.

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.

The International Finance Corporation (IFC) has provided a 100 million USD long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.