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green credit
Update news green credit
Businesses disappointed about 'green credit' as interest rates too high
Hearing that they could access green credit at a preferential interest rate of just 3 percent, businesses rushed to contact bankers for loans but were disappointed as the total costs turned out to be much higher than commercial loans.
VN banks join in promoting green credit
Commercial banks in Vietnam have been actively offering loans for green projects and expanding green credit through mobilising capital from international credit institutions.
IFC helps boost green credit in Vietnam
The International Finance Corporation (IFC) has provided a 100 million USD long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.
Green credit takes off in Vietnam
National green credit programs will help Vietnam reach its goals in the national green development strategy in a comprehensive way and help drive the economy towards sustainable development.
Vietnam advances toward sustainable development
The next 10 years (2020-2030) are the time for Vietnam to sprint to implement the UN’s 2030 agenda for sustainable development.
VN banks now keen on green credit
Green credit is now a trend in the global banking and finance industry and more Vietnamese banks are following suit.
Changing criteria
Much has been done to encourage commercial banks to overcome their hesitancy and provide more green credit.
Slow to move
More and more banks are becoming engaged in green credit but it's been a long time coming.
