Vietnam is making significant strides in its commitment to sustainable development, and a key driver in this ambitious journey is the remarkable expansion of ‘green credit’. This innovative financial mechanism is proving instrumental in channeling capital towards environmentally friendly projects and initiatives across the nation.
According to recent figures from the State Bank of Vietnam (SBV), the landscape of green financing is flourishing. By the end of November 2025, outstanding green credit in Vietnam was estimated to reach an impressive 750 trillion VND (approximately 28.55 billion USD). What’s even more encouraging is that the average growth rate of green credit has consistently exceeded that of overall credit in the economy, signaling a strong and growing appetite for sustainable investments.
This robust growth isn’t just a number; it reflects a strategic alignment with Vietnam’s national green growth strategy. Green credit is actively driving this strategy by supporting various sectors in transitioning to more sustainable practices. From renewable energy projects to eco-friendly manufacturing, these dedicated capital sources are making a tangible impact.
A prime example of this commitment can be seen in Vietnam’s proactive efforts to collaborate with international partners. The nation is actively seeking green credit from the World Bank to boost low-emission rice production, a crucial initiative for both environmental sustainability and the livelihoods of countless farmers. This demonstrates a clear intent to leverage global partnerships for local, green solutions.
In essence, green credit is not just a financial tool; it’s the engine powering Vietnam’s transition to a greener, more resilient economy. As capital sources continue to expand and innovate, they are paving the way for a truly sustainable future, ensuring that economic growth goes hand-in-hand with environmental stewardship. The increasing availability and uptake of green credit underscore Vietnam’s unwavering dedication to fostering a prosperous and ecologically balanced nation.
Source: Original Article
