The State Bank of Vietnam (SBV) published highlights from a roundtable on sustainability reporting in banking and AI, where Deputy Governor Pham Thanh Ha positioned sustainability reporting as a core part of financial sector strategy and a key tool for transparency. The update also reiterated SBV’s direction for commercial banks to embed sustainable development tasks, solutions and targets into strategies, business plans and operational processes, while encouraging credit institutions to publish sustainability reports and disclose their “green” commitments. SBV referenced sector action plans for the 2030 Agenda for Sustainable Development (Decision 1731/QD-NHNN) and for implementing the national green growth strategy and COP26 outcomes (Decision 1408/QD-NHNN), alongside training and outreach under its green banking development work and cooperation with partners including ACCA and GIZ. It reported that 2024 saw a record 33 organisations publish standalone sustainability reports, with almost all credit institutions integrating sustainability content into annual reports under Circular 96/2020/TT-BTC; around 13–15 commercial banks had issued standalone sustainability reports, and a further six did so in 2024 and early 2025. On green finance, 58 credit institutions had green credit outstanding of more than VND 704,244bn at end-Q1 2025, up 3.57% from end-2024 and equal to 4.3% of total credit, concentrated in renewable and clean energy (over 37%) and green agriculture (over 29%); average growth in green credit during 2017–2024 was 21.2% per year. SBV officials also pointed to barriers such as high reporting and advisory costs and the lack of a legal framework for defining green and sustainable investment portfolios, and highlighted priorities including issuing a national green taxonomy, expanding international cooperation, and strengthening training and advisory capacity.
State Bank of Vietnam 2025-05-21
State Bank of Vietnam promotes AI-enabled sustainability reporting and reports VND 704,244bn in green credit
The State Bank of Vietnam prioritized sustainability reporting in banking, urging banks to integrate sustainable development and disclose "green" commitments. In 2024, 33 organizations published standalone sustainability reports, with green credit reaching over VND 704,244bn by Q1 2025. Challenges include high reporting costs and the lack of a legal framework for green investments, with priorities on developing a national green taxonomy and enhancing international cooperation.