The State Bank of Vietnam, through Deputy Governor Nguyen Ngoc Canh’s remarks at a workshop on diversifying capital for sustainable development, highlighted the need to broaden funding sources for green growth and a sustainable economy beyond bank credit. He cited Ministry of Finance estimates that, under a carbon-neutral scenario to 2050, Vietnam’s long-term investment needs for a green and sustainable economy are around USD 670-700 billion, including about USD 368 billion for climate adaptation (roughly 6.8% of GDP per year). The Deputy Governor noted that the central bank has been strengthening the legal and policy framework to promote green credit and to identify, assess and manage environmental and social risks in lending; as of 30 November 2025, outstanding green credit was about VND 750 trillion and had grown by an average of 21% per year from 2017 to September 2025. He also pointed to the need to develop green capital-market channels, including encouraging issuance of green and sustainability bonds and ESG-linked equities, alongside carbon markets and international funding.
State Bank of Vietnam 2025-12-15
State Bank of Vietnam urges broader green finance channels as green credit reaches VND 750 trillion
The State Bank of Vietnam, via Deputy Governor Nguyen Ngoc Canh, stressed diversifying funding for sustainable development beyond bank credit. Vietnam's green economy investment needs are estimated at USD 670-700 billion by 2050, focusing on climate adaptation. The central bank is improving the legal framework for green credit and promoting green capital-market channels, including green bonds and ESG-linked equities.