Accelerating the expansion of green credit scale

Information shared by TS. Nguyen Quoc Hung, Vice Chairman and General Secretary of the Vietnam Banks Association, at the "Credit Market and Macroeconomic Issues" Forum, held on December 24 in Hanoi. However, TS. Nguyen Quoc Hung also pointed out that the scale of green credit in Vietnam is still limited. With a total system debt of around 18.2 trillion VND, new green credit debt reached about 750 billion VND, less than 1 trillion VND. The average growth rate of green credit debt from 2017 to now is about 21% per year, higher than the growth rate of general credit, but the low starting point means its proportion in total debt is still very small. Green credit sources are currently mainly concentrated in high-tech, clean agriculture, and renewable energy sectors - areas associated with the goals of reducing greenhouse gas emissions and achieving a "zero" net emission commitment. This direction is appropriate in the context of strong changes in global consumption trends, especially ...