Hanoi (VNA) - The Ministry of Finance is working with relevant ministries to issuegreen bonds next year, an official has said.

Nguyen HoangDuong, Deputy Director of the Ministry of Finance's Department of Banking andFinancial Institutions, unveiled the information at a seminar held in Ho Chi MinhCity on November 9.

Green bondsare a type of debt issued by public or private institutions which use the fundsfor environmental purposes.

Due to theimpact of the COVID-19 pandemic and the slow progress of some public investmentprojects, the plan to issue green bonds has also been extended, Duong said.

He said theMinistry of Finance has worked with donors and a number of businesses to boostthe issuance of green bonds in the near future.

The ministryhas also sought international funds to support businesses in green bondissuance and consulting.

Green bondswere an investment field with great potential for development, said Head ofInvestment, Public Equities & Fixed Income at VinaCapital Nguyen Hoai Thu.

Thu saidgreen bonds were related to clean investment, including environment, societyand corporate governance as well as clean energy.

In Vietnam,the Government's sustainable development orientation to 2030 also focuses ongreen growth as well as green financial products, including green bonds.

According toexperts, green bonds are also a type of debt, but the proceeds from green bondissuance must be used to implement green projects.

This will bean important capital channel for investors interested in sustainabledevelopment factors, especially in the context of climate change, creatingfavourable conditions to attract large capital for green growth and sustainablegrowth in the future./.