The State Bank of Vietnam published an update on the “Green Credit – Green Industrial Parks” forum in Da Nang, where Standing Deputy Governor Dao Minh Tu underscored green credit as a financing pillar for the shift towards green industrial parks and broader net-zero objectives, and indicated the SBV will continue improving the legal framework and measures to promote green lending. The SBV described its approach as directing credit institutions to embed green banking in sector strategies, issue guidance to prioritise low-carbon sectors and clean energy, and strengthen environmental and social risk management, alongside banks’ rollout of green credit products and use of green bonds to mobilise funding. As of 31 March 2025, 58 credit institutions had recorded green loan balances of over VND 704.244 trillion, up 3.57% from end-2024 and equal to 4.3% of total credit. It also referenced work with international organisations to develop a list of 12 priority green sectors and noted a 2024 lending programme for a low-emission, high-quality rice value chain in the Mekong Delta. SBV officials flagged obstacles including the absence of a national green taxonomy and a dedicated assessment framework for green industrial parks, as well as capacity constraints among banks and businesses and external pressures such as the European Union’s Carbon Border Adjustment Mechanism. SBV leadership asked credit institutions to build suitable frameworks and lending processes and to clearly classify priority areas such as green sectors so that preferential credit policies can be applied, alongside coordinated support from ministries and local authorities.
State Bank of Vietnam 2025-05-10
State Bank of Vietnam reports VND 704.244 trillion in green credit and signals further legal work to support green industrial parks
The State Bank of Vietnam emphasized green credit's role in transitioning to green industrial parks and achieving net-zero goals, with plans to enhance the legal framework and promote green lending. By March 2025, 58 credit institutions reported green loan balances exceeding VND 704.244 trillion, 4.3% of total credit. Challenges include the absence of a national green taxonomy and capacity constraints, with calls for improved frameworks and coordinated support from ministries and local authorities.