A workshop discussing international experience in green finance and banking took place in Hanoi on June 25.

Jointly organised by the German Society for International Cooperation (GIZ) and the State Bank of Vietnam (SBV), the workshop is part of the macroeconomic reform programme conducted by GIZ in Vietnam.
At the workshop, foreign participants shared their experiences in green finance and environmental tax in reforming financial policy. They also introduced green credit limits in developed countries.

Vietnamese delegates analysed the relationship between green growth strategy and green finance, environmental tax related issues, environmental risks in bank credit and stock listing.

Nguyen Kim Anh, a representative from SBV underlined the significant role of green finance and banking for emerging countries like Vietnam.

He said the country’s ministries and sectors need to work together to create a balance between the benefits of environmental protection and economic growth.

In September last year, the Vietnamese Government approved the National Green Growth Strategy for the 2011-2020 period, with a vision to 2050.

The programme, along with the National Climate Change Prevention Programme, not only contributes to protecting the environment and reducing gas emissions , increasing energy use efficiency, creating jobs and improving quality of life, but also helps the sustainable development of Vietnam’s economy.-VNA