HSBC aims to arrange $12 billion into Vietnamese market

November 17, 2023 | 12:32

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At the Sustainable Development conference on November 16, Lam Thuy Nga from HSBC Vietnam spoke to VIR's Bich Ngoc about the bank's ambitions.

HSBC aims to arrange $12 billion into Vietnamese market

Lam Thuy Nga, Large Corporate Wholesale Banking, HSBC Vietnam

As soon as the prime minister of Vietnam announced at COP26 that Vietnam would achieve net-zero emissions by 2050, banks, government agencies, and customers felt very excited. HSBC has set out its ambition to arrange to have $12 billion injected, both directly and indirectly, into the Vietnamese market. After two years, around $2 billion has already been disbursed.

During discussions with government agencies, customers, and banks, HSBC noticed a great determination from banks and investors to dedicate credit sources for green and sustainable development activities, which can lead to truly sustainable projects for businesses.

The amount of investment capital that banks and ambitious investors provide to the market is massive. However, to be able to meet the standards for disbursing these amounts, the businesses themselves have to meet certain criteria.

HSBC has very strict internal policies that are consistent with those internationally. If the relevant benchmarks are met, the bank will consider the long-term commitment from the customers to sustainable development. We will continue to elevate the process to consider arranging and disbursing green and sustainable capital as we move forward.

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By Bich Ngoc

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