New policy promotes green banking development in Vietnam
The State Bank of Vietnam (SBV) is pushing all credit institutions to go green in terms of banking and credit. They have issued a decision (Decision No 1663/QD-NHNN) aimed at making it easier to access green capital for green projects and the SBV requires all credit institutions to participate.
According to Nguyen Duc Lenh, Deputy Director of the SBV’s HCM City branch, under the decision, the requirement to develop green banking and green credit is not only the task of commercial banks but also the task of all credit institutions, including non-bank credit institutions including finance companies, financial leasing companies and people’s credit funds.
