Steps being taken to promote green credit
Given the importance of green credit to sustainable economic development, the Prime Minister issued the national green growth strategy for 2021 – 2030 with a vision to 2050, and the development strategy for the banking sector by 2025 with orientations towards 2030, which includes orientations for green credit and green banking.
By the end of 2022, outstanding credit for green projects approximated 500 trillion VND (21.3 billion USD), accounting for some 4.2% of total outstanding loans. It focuses on such fields as renewable and clean energy (47%) and green agriculture (over 30%).
