Hanoi (VNA) – 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.
Since 2015, the SBV has issued a number of documents guiding banking activities in eco-friendly fields.
According to the SBV’s Credit Department for Economic Sectors, the total green outstanding debts surged from over 71 trillion VND (3 billion USD) in late 2015 to over 340 trillion VND in late 2020. As of the late October, the whole economy’s credit had reached nearly 9.99 quadrillion VND, resulting in a hike in green credit, mostly in the field of green agriculture and renewable energy.
A representative from the Vietnam Maritime Commercial Bank (MSB) said the lender will continue gearing credit into eco-friendly projects, considering it a driver of growth in terms of asset, revenue and profit this year.
Despite the COVID-19 pandemic this year, foreign direct capital still poured into green projects. Recently, Proparco - the Development Finance Institution of France - provided a 50 million USD loan for HDBank to serve green projects while the International Finance Corporation (IFC) offered 100 million USD loan to the Orient Commercial Bank (OCB) in🍎 a bid to help the private sector contribute more to green and sustainable development in Vietnam.
At a branch of LienVietPostBank (Photo: hanoimoi.com.vn)
However, the ratio of green credit remains modest, mostly in large-scale banks as renewable energy projects have long payback period, high capital and market risks,
A study showed that each country needs to create a legal corridor for green credit activities to effectively perform relevant policies.
SBV Governor Nguyen Thi Hong said the SBV will continue perfecting the legal framework with specific standards on green credit and list of sectors 🦂in green field, thus making it easier for credit organisations to evaluate and monitor projects in need of green credit./.
VPBank and Proparco - the private sector financing branch of Agence Française de Développement (AFD) have signed a 50-million-USD loan with the aim of supporting climate-friendly initiatives, green and energy efficient projects, as well as small-and-medium enterprises (SMEs) in the country.
The Bank for Investment and Development of Vietnam (BIDV) announced on May 27 that it has signed an agreement on the SUNREF green credit line with the French Development Agency (AFD) to finance businesses investing in the fields of environmental protection, climate change response, and green growth.
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.
Proparco, the private sector financing branch of Agence Française de Developpement (AFD), has granted a 50 million USD loan to HDBank to finance green projects and promote sustainable development in Vietnam.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative image (Photo: tapchitaichinh.vn)
At a branch of LienVietPostBank (Photo: hanoimoi.com.vn)
