While businesses need large, low-cost funding to green their operations, current regulations remain incomplete, and practical obstacles persist, leaving many companies stuck in a dilemma. Funding still lags behind Green credit has drawn strong interest from regulators, commercial banks, and capital market participants since Vietnam pledged to achieve net-zero emissions by 2050 at the UN Climate Change Conference held in Glasgow, Scotland, United Kingdom in 2021 (COP26). According to Agribank, the bank had disbursed VND28.8 trillion for green projects and activities as of June 30, 2025. Renewable energy accounted for 52.5% of the total, green agriculture for 22.7%, and sustainable forestry for 24%. VietinBank has also disbursed more than US$2 billion (about VND53 trillion) to green projects and activities. The bank has introduced several preferential lending programs, including a package to support one million hectares of high-quality, low-emission rice in the Mekong Delta, and the “Green Up” package worth VND5 trillion for projects that deliver environmental and social benefits. Providing further insight into green credit trends, Pham Thi Thanh Tung, deputy director of the State Bank of Vietnam’s (SBV) Credit Department, said that after a decade of promoting green credit, credit institutions have extended loans across 12 categories of green […]
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