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Wednesday, May 28, 2025

Green finance no longer optional for businesses

By Thu Tra

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Green finance has become a global trend, including in Vietnam, and is no longer a choice—it is a necessity. For businesses aiming to secure preferential funding and achieve long-term sustainable growth, embracing green finance is now a fundamental requirement.

Speaking at the seminar “Green Finance and the Net Zero Roadmap: Challenges – Opportunities – Actions”, Tran Minh Hai, vice president of the School of Public Policy and Rural Development, said that the rapid expansion of green finance presents significant opportunities for companies striving toward sustainability. Common forms of green finance include green credit, green bonds, and climate funds.

“As the world pushes toward net-zero emissions by 2050, green finance is evolving into a strategic competitive advantage. Businesses slow to adapt will face rising costs and heightened risks over time,” Hai stated. He pointed out that in 2023 alone, over US$550 billion in green bonds were issued worldwide, with leading institutions and organizations such as the World Bank, IFC, Apple, and Tesla actively participating—either as issuers or investors. Green bonds have now become a critical financing instrument for environmental projects.

Le Hoang The, director of VOS Holdings Ecosystem Company and a green finance consultant, emphasized that businesses should first evaluate their capabilities and set clear objectives before entering the carbon credit market. This involves determining the amount of credits they can generate and assessing whether the potential returns justify the investment.

At the same time, businesses must familiarize themselves with various green funding sources, documentation requirements, and strategies to ‘green’ their applications—enhancing their chances of securing sustainable financing.

Nguyen Huy, general director of Intertek Vietnam, pointed out that many companies still struggle with a lack of credible green credentials, trained personnel, and financial resources needed to establish effective monitoring systems.

He advised businesses to build an in-house team well-versed in green finance and to proactively collaborate with consultants in crafting comprehensive, long-term sustainability strategies.

IBS rolls out green finance training program

On May 23, the Institute of Business Solutions Training and Consulting JSC (IBS) officially launched its operations, aiming to support Vietnamese businesses in their journey toward sustainable development.

At the launch event, IBS also opened enrollment for its flagship course, ‘Green Finance Specialist: Mastering the Net Zero and Carbon Credit Roadmap.’ This program provides practical knowledge and specialized skills in emission measurement, reporting, and verification (MRV), equipping businesses with a strong foundation for green transition.

This initiative represents a significant step forward in workforce development and reinforces IBS’s commitment to advancing corporate sustainability goals.

For more information, please contact Ms. Mai Anh, hotline +84 961 516 243 or visit here

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