Policy on green credit development in Vietnam

Globally, the trend of green credit growth has been developing for a long time through projects focusing on energy saving, renewable energy, and clean technology, aimed at achieving economic growth while protecting the environment. In Vietnam, recognizing the importance of green credit, in March 2015, the State Bank of Vietnam (SBV) issued Directive No. 03/CT-NHNN to promote green credit growth and manage environmental and social risks in credit activities. Additionally, SBV issued the Action Plan of the Banking Industry to implement the National Strategy on Green Growth until 2020, which includes solutions such as: enhancing the capacity of the banking system in implementing green banking and credit; promoting the deployment of green banking and credit products, supporting enterprises in achieving green growth; and increasing awareness and dissemination of green banking and credit activities. Keywords: Green Credit, Policy, Vietnam