Green credit opens the way for green industrial zones

The forum “Connecting green credit - Green industrial zones” took place in Da Nang city last weekend. Photo: QUOC TUAN

Movement on green credit balance

Last weekend, the forum "Connecting green credit - Green industrial zones" took place in Da Nang City. According to the State Bank of Vietnam, Region 9 Branch (Quang Tri, Hue City, Da Nang City, Quang Nam, Quang Ngai), the total economic scale in the region in 2024 is about 546,468 billion VND.

By the end of March 2025, 30 credit institution branches in Region 9 had generated green credit outstanding debt with a total outstanding debt of about VND 10,482 billion, accounting for nearly 2% of total outstanding debt, mainly focusing on renewable energy and clean energy sectors (accounting for 35.51%).

Mr. Le Anh Xuan - Director of the State Bank of Vietnam, Region 9 branch, informed that the special thing is that Quang Nam's green credit balance accounts for 60% of the green credit balance of the whole Region 9.

Quang Nam is very interested in converting existing industrial parks, investing in developing green industrial parks, applying environmentally friendly technology, and using resources efficiently. In the photo: Highway 1 overpass in Chu Lai. Photo: QUOC TUAN

In Vietnam, the legal framework for green credit is gradually being formed and developed to support sustainable projects and activities. The average short-term green lending interest rate is from 4 - 7%/year, and the average medium and long-term interest rate is from 9 - 11%/year. In particular, some priority sectors and preferential credit packages are applied by banks with interest rates below 4%/year.

Mr. Le Anh Xuan gave some typical examples in Region 9 such as BIDV is implementing a medium and long-term preferential interest rate credit package for green construction projects; a green credit package for lending to individual customers to serve their living needs from green products, green production and business, production and business in industries that meet the conditions of VietGap cultivation and livestock farming... with a preferential interest rate 0.5%/year lower than current interest rate packages.

Agribank is implementing a loan program with an interest rate 1.0%/year lower than the normal interest rate for individual customers borrowing capital to produce and trade green products and services.

Meanwhile, Vietcombank has implemented a preferential interest rate program for production and business loans for SME and individual customers according to green standards with a scale of 10,000 billion VND; ACB with the program "Promoting green credit - Accelerating growth" to support and encourage businesses to invest in green projects, in order to achieve sustainable goals...

Resources for "greening" industrial parks

Quang Nam province has planned and invested in forming 14 industrial parks (IPs) inside and outside the economic zone with a total area of ​​3,669 hectares.

Green credit is a financial incentive to help industrial parks transform their traditional production models into green ones. In the photo: Chu Lai - Truong Hai Port: Photo: QUOC TUAN

The total registered capital for investment in industrial park infrastructure is VND9,487 billion, the total implemented capital is more than VND3,775 billion (reaching 39.5% of the total registered capital); the average occupancy rate of 10/14 industrial parks in operation is nearly 60%. By the end of 2024, there will be 331 projects with a total investment capital of about VND104,000 billion, including 98 FDI projects with a total investment capital of about USD1.6 billion.

According to Mr. Le Quang Trieu - Deputy Head of the Provincial Economic Zones and Industrial Parks Management Board, Quang Nam is very interested in converting existing industrial parks, investing in developing green industrial parks, associated with applying environmentally friendly technology, using resources efficiently; reducing emissions and having green space, in harmony with the environment.

In the zoning plan for the construction of new industrial parks, Quang Nam focuses on encouraging modern factories that use advanced technology and clean technology in an ecological direction.

Mr. Le Quang Trieu said that connecting green credit with green industrial parks is a strategic and two-way link, green credit is a financial incentive to help industrial parks convert traditional production models to green models. Green industrial parks are priority beneficiaries of green credit support policies to reduce energy and operating costs for businesses, enhance the reputation and brand of businesses, contribute to achieving the goal of zero net emissions and attract foreign investors.

“Some specific forms of connection include supporting enterprises in industrial parks to prepare green credit loan applications. Banks and financial institutions cooperate with the Management Board of Quang Nam Economic Zones and Industrial Parks to search for and evaluate eligible projects. It is necessary to integrate environmental criteria into the credit approval process. In addition, close coordination is needed between the State - financial institutions - enterprises,” Mr. Trieu suggested.

Mr. Le Anh Xuan said that in order for credit capital to truly become a driving force for green transformation, the State Bank of Vietnam, Region 9 Branch, 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 credit institutions to reduce costs to reduce lending interest rates, especially for priority areas, green areas, and application of high technology in environmentally friendly production.

Source: https://baoquangnam.vn/tin-dung-xanh-mo-loi-khu-cong-nghiep-xanh-3154625.html