In Vietnam, green credit has been rolled out and has achieved many encouraging results across a range of sectors:
- Energy efficiency: Green credit projects have supported energy savings and the optimised use of resources.
- Renewable energy: Green credit has contributed to the development of renewable energy projects such as solar, wind and hydropower.
- Clean agriculture and high-tech agriculture: Green credit projects have supported the development of clean agriculture using modern technology.
However, many obstacles and challenges remain in implementing green credit. To promote the development of this activity in the future, efforts should focus on:
- Taking a more proactive approach: Researching and identifying international funding organisations with financial support programmes for green projects.
- Considering the motivations of funders: Gaining a clear understanding of the criteria and requirements of green funding organisations.
- Anticipating information requirements: Being prepared and responding quickly when needed.
- Creating support mechanisms: Establishing mechanisms to help credit institutions access long-term, concessional capital.
- Cooperating with international partners: Seeking out and accessing green capital from international organisations.
These measures will help Vietnam make the most of green capital to promote sustainable development and protect the environment.
VietESG provides solutions to help Vietnamese businesses access green credit programmes through:
- Supporting businesses to improve their access to green capital
- Advising on the criteria and requirements of green capital
- Building corporate systems that meet sustainable development standards!
