Legal framework critical to boosting green credit
Green growth and sustainable development is now an inevitable trend and a goal that all countries are striving for, including Vietnam, as it faces environmental problems heavily impacted by climate change.
There remain many barriers to green credit supply. Among them, there is still a lack of green taxonomy – a basis for the State Bank of Vietnam (SBV) to evaluate the effectiveness of the credit solutions to realise the national green growth target. This is also an important basis for credit institutions to identify investment levels while designing suitable banking products and services.
