Green credit connection - green industrial park

Permanent Deputy Governor of the State Bank of Vietnam Dao Minh Tu speaks - Photo: VGP/Minh Trang

Speaking at the forum, Deputy Governor of the State Bank of Vietnam Dao Minh Tu said that green credit in Vietnam has many favorable conditions and opportunities for development, thanks to very clear orientations and regulations.

The State Bank of Vietnam has issued a series of policies and guidelines to strongly encourage the development of green credit. Not stopping there, the State Bank of Vietnam has also actively cooperated closely with international organizations to develop a list of 12 priority green sectors, creating a clear reference framework for green credit activities...

Under the direction of the State Bank, from only 15 credit institutions participating in 2017, up to now, 50 units have generated outstanding loans, the average growth rate of outstanding green credit in the period 2017-2024 reached over 22%/year, higher than the growth rate of outstanding credit in general for the economy.

Notably, some banks have also proactively researched and updated advanced international standards on green credit, environmental-social risk management and climate risk management, gradually approaching the best practices in the world.

"However, the ratio of green credit to total outstanding credit is only about 4.6%, showing that green credit in Vietnam is still modest compared to its potential.

Promoting green credit to support the formation and expansion of green industrial zones still faces many challenges because the conditions for being recognized as a green industrial zone are currently not specifically guided.

The list of green industries and sectors has not been unified and applied nationwide, so commercial banks face difficulties in selecting, appraising, evaluating and monitoring when granting credit. Moreover, the lack of land fund and buffer zone for development is also one of the difficulties in expanding green industrial parks...", said Deputy Governor of the State Bank of Vietnam Dao Minh Tu.

Information at the forum said that in Vietnam, the concept of ecological (green) industrial parks was institutionalized for the first time in Decree No. 82/2018/ND-CP dated May 22, 2018. Since 2014, a number of provinces and cities (Da Nang, Can Tho, Ho Chi Minh City, Dong Nai...) have had a policy of converting traditional industrial parks to green industrial park models.

To date, many industrial parks have participated and successfully implemented this. Of the 290 industrial parks operating in Vietnam, about 1-2% of them are taking steps to become ecological (green) industrial parks, and this number continues to increase.

Overview of the forum - Photo: VGP/Minh Trang

Mr. Le Anh Xuan, Director of the State Bank of Vietnam, Region 9, said that by the end of March 2025, 30 branches and credit institutions in Region 9 had generated green credit balances with a total outstanding balance of about VND 10,482 billion, accounting for nearly 2% of the total outstanding balance, mainly focusing on renewable energy and clean energy sectors (accounting for 35.51%). The average short-term green lending interest rate is commonly from 4-7%/year, and the average medium and long-term is from 9-11%/year.

According to Mr. Le Anh Xuan, in the coming time, in order for credit capital to truly become a driving force for green transformation, the State Bank of Vietnam, Regional Branch 9, will continue to direct credit institution branches in the area to actively implement the Green Banking Development Project, with solutions to improve access to green capital, thereby increasing the proportion of green credit in total outstanding loans, especially for subjects in the green classification list.

At the same time, continue to implement the bank-business connection program, direct green credit institutions, apply high technology to environmentally friendly production...

Proposing solutions to "green" industrial parks and economic zones (IPs, EZs), Mr. Le Quang Trieu, Deputy Head of the Management Board of EZs and Industrial Parks of Quang Nam province, proposed a number of measures to effectively implement connections, which are to establish a separate green credit fund for green IPs; issue clear and specific criteria for evaluating green IPs to support quick credit approval, focusing on prioritizing industries with advanced technology, with linkages to create value-added chains for export products (increasing the localization rate, reducing processing and assembly).

Forming clusters of green industrial products and industries; building a risk-sharing mechanism between the State, banks and enterprises; promoting digital transformation in environmental and capital flow management and enhancing public-private partnership to accompany sustainable development.

Minh Trang

Source: https://baochinhphu.vn/ket-noi-tin-dung-xanh-khu-cong-nghiep-xanh-102250509190404659.htm