Deputy Governor: Green Credit Outstanding Reaches Approximately VND 750 Trillion

This morning (December 15), the Finance and Investment Newspaper hosted a seminar titled “Diverse Capital for Sustainable Development.” The event aimed to provide a comprehensive overview of capital needs, resource mobilization trends, and upcoming policy solutions.

Speaking at the seminar, Deputy Governor of the State Bank of Vietnam (SBV), Nguyen Ngoc Canh, cited data from the Ministry of Finance. He noted that Vietnam’s long-term investment needs for green and sustainable economic development by 2050 are estimated at approximately $670–700 billion. Of this, climate change adaptation requires around $368 billion, or about 6.8% of annual GDP. This underscores the need to mobilize all resources for national green growth goals, particularly from green bond markets, green credit, carbon markets, and international funding, alongside state budget capital.

Recognizing the importance of “green credit” and “sustainable finance,” the SBV has continuously improved legal frameworks, policies, and synchronized solutions to promote green credit activities. These efforts include identifying, assessing, and managing environmental and social risks in credit operations, thereby enhancing the banking sector’s role in supporting the nation’s green growth objectives.

Credit institutions and banks have proactively developed green capital mobilization products and green credit to fund projects benefiting the environment, climate change adaptation, and sustainable circular production models. As a result, green credit activities have expanded in both scale and growth rate in recent years.

As of November 30, 2025, green credit outstanding balance reached approximately 750 trillion VND, averaging a 21% annual growth rate from 2017 to 9/2025. This outpaces the overall credit growth of the economy, demonstrating banks’ and credit institutions’ commitment to green growth and sustainable development.

Despite the banking sector’s efforts, Deputy Governor Canh emphasized the need to diversify financial resources. This requires participation from domestic and international channels, particularly the private sector and capital markets (stock markets), to collaborate with the banking system in meeting green transition and sustainable development demands.

“Expanding green financial investment channels from various sectors and markets not only reduces pressure on the banking system but also enables more flexible, secure, and efficient medium- to long-term capital mobilization for national goals, aligning with global green finance trends,” affirmed Deputy Governor Canh.