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 […]
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 […]
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 […]
Vietnamese logistics companies that fail to adopt green practices swiftly may face significant challenges and risk losing international market share.
Green initiatives
Environmental standards in logistics...
HCMC – Vietnamese electric vehicle (EV) manufacturer VinFast has signed a memorandum of understanding (MOU) with PT Bank Negara Indonesia (BNI) to accelerate green...
Support for the green movement may no longer be unanimous, particularly in the United States, but a full-scale reversal of the trend remains unlikely,...
As countries and territories worldwide aim for carbon neutrality by 2050, carbon pricing policies are emerging as a crucial tool in achieving this target....
HCMC - The Ministry of Planning and Investment (MPI) has announced that 4,000 domestic businesses have received technical assistance from international organizations to transition...
HCMC – The World Bank (WB) has reaffirmed its commitment to supporting Vietnam in its pursuit of becoming a high-income nation by 2045.
The pledge was...
HCMC – Switzerland has provided a US$5-million grant to Vietnam to aid sustainable urban development and climate resilience in key cities, as per an...
As environmental, social, and governance (ESG) practices become a guideline, can companies in Vietnam strike an effective balance between profitability and social impact?
The profit...