companies must embrace green finance initiatives

Companies must embrace green finance initiatives

Green and digital transition is an inevitable process for all businesses, despite the challenges it presents. Vu Minh Tien, vice chairman of VIAD Group, spoke with VIR’s Huong Duong about how to seize on the transition and overcome obstacles through carbon credits and greener financing.
ifcs record climate financing in vietnam supports green transition

IFC’s record climate financing in Vietnam supports green transition

Boosting its support for Vietnam's green transition and sustainable development, the International Finance Corporation (IFC) scaled up its long-term investment in the country with a strong focus on climate finance in the last fiscal year.
lenders seek regulations to disburse green finance

Lenders seek regulations to disburse green finance

Many banks are increasing their focus on implementing green finance packages, but unlocking these promising capital sources still requires suitable mechanisms.
banks sharpen focus on scale up of sustainability

Banks sharpen focus on scale-up of sustainability

Banks have demonstrated their determination to achieve sustainability in Vietnam by partnering with regional lenders and global investors, emphasising green finance and rigorous due diligence.
greater green finance measures can entice investors

Greater green finance measures can entice investors

Attaining green finance faces significant challenges in Vietnam, including the absence of a legal framework and policy, as well as a lack of coordinated incentives.
experts tackle nations sustainable reporting

Experts tackle nation’s sustainable reporting

International organisations and associations are working with banks to arrange green finance for the business community, including agriculture, and simultaneously support them to access these crucial capital resources.
china speeds up investment in vietnam

China speeds up investment in Vietnam

An upward trend has been recorded in Chinese recent investments in Vietnam, which is hoped to help fuel the industries the country has demand for such as high technology, renewables, supporting industries, electronics, and green finance.
new usaid and standard chartered deal promotes clean energy in vietnam

New USAID and Standard Chartered deal promotes clean energy in Vietnam

The United States Mission to Vietnam announced the signing of an MoU between the United States Agency for International Development (USAID) and Standard Chartered Bank Vietnam on April 16.
australia commits aud245 million to boost vietnams renewable energy and climate resilience

Australia commits AUD245 million to boost Vietnam's renewable energy and climate resilience

The Australia-Vietnam Green Economy Summit took place in Ho Chi Minh City on April 16, attracting nearly 200 businesses, investors, and experts from both countries.
green finance discord to be addressed

Green finance discord to be addressed

Establishing a detailed green classification system and independent evaluation are recognised as key elements for steering Vietnam’s green finance sector in line with international standards.
opportunities to unlock in vietnams green finance arena

Opportunities to unlock in Vietnam’s green finance arena

In recent years, financial institutions have pivoted from solely emphasising green finance to investing in businesses that both adapt to and mitigate climate risk impacts.
ifc considers 150 million investment in ocb

IFC considers $150 million investment in OCB

International Finance Corporation (IFC), a member of the World Bank Group, is considering investment of up to $150 million in Vietnam-based OCB.
100m risk sharing agreement to promote green trade in asia

$100m risk sharing agreement to promote green trade in Asia

On January 18, the Asian Development Bank (ADB) and British International Investment (BII), the UK's development finance institution and impact investor, announced a new partnership to finance up to $100 million of green trade transactions in South and Southeast Asia, beginning in Vietnam.
the status of green finance stemming from recent impacts

The status of green finance stemming from recent impacts

Embracing research and selectively learning from other countries is urgent for green finance to become a reality. Le Vu Thanh Tam from the Institute of Economics and Finance under the Academy of Finance, considers the practical significance in Vietnam combined with promoting the potential of greening the economic and financial system.
vietnamese enterprises use cop28 event to expand reach

Vietnamese enterprises use COP28 event to expand reach

Vietnamese companies are expected to reap bonanzas from taking part at COP28, in addition to their aims to mobilise green finance for their projects.