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Wednesday, May 14, 2025

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green finance

Catalyst for HCMC’s sustainable future

Green finance is emerging as a cornerstone in HCMC’s ambition to become an international financial center, while also enabling the city’s shift toward a sustainable economy and its goal of reaching net-zero emissions by 2050. Leading the way with sustainable growth strategy Half a century after national reunification, HCMC has remained the driving force behind Vietnam’s economic growth. From 1990 to 1995, the city achieved an average annual economic growth rate of over 12%. The city has also served as a testing ground for innovative economic models and breakthrough policies. Notably, the Tan Thuan Export Processing Zone in District 7 was the first of its kind in Vietnam, established to attract foreign investment. HCMC was the first locality to propose creating an urban development investment fund and to pilot municipal bond issuance. It further marked a milestone with the launch of the Hochiminh Stock Exchange (HOSE), laying the foundation for the country’s stock market. Sound policies and a spirit of innovation have helped raise HCMC’s GRDP per capita from US$700 in 1996 to US$7,600 in 2024. In recent years, HCMC’s economic growth has slowed. Between 2011 and 2015, the city’s average growth rate was 1.22 times higher than the national […]
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Unlocking green funds

Green finance is not only creating new development opportunities but also delivering environmental benefits, promoting more sustainable growth models for economies worldwide, including Vietnam. Experts,...

Unlocking finance for green growth

Raising funds for green growth remains challenging due to various factors, including legal gaps. High demand for green finance Recognizing the importance of sustainability, the Vietnamese...

Swift action on ESG needed

An overarching message from the ESG Forum 2024 held in HCMC last week was clear: ESG is no longer an option for businesses. It...

France backs Vietnam’s green finance drive

HCMC – France will stand firmly behind Vietnam in advancing fair energy transition practices, helping to steer the nation toward a sustainable and environmentally...

Making the most of Vietnam JETP

Since COP26, everyone has started to talk about JETP, making the acronym popular in news articles and social media. It stands for Just Energy...

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