February 01, 2026 | 14:00

A $2-million green banking initiative launched to advance climate finance in Vietnam

Van Nguyen

Funded by the Government of Japan through the Japan Fund for Prosperous and Resilient Asia and the Pacific (JFPR), the initiative aims to strengthen green banking practices and enhance the capacity of Viet Nam's banking sector to scale up green and climate finance.

A $2-million green banking initiative launched to advance climate finance in Vietnam

 An inception workshop marking the implementation of the  $2-million component on Green Banking capacity development under the Technical Assistance (TA): Expanding Inclusive and Climate Finance took place in Hanoi on January 30, according to a report from the Government News.

The event was jointly organized by the State Bank of Vietnam (SBV) and the Asian Development Bank (ADB).

Funded by the Government of Japan through the Japan Fund for Prosperous and Resilient Asia and the Pacific (JFPR), the initiative aims to strengthen green banking practices and enhance the capacity of Viet Nam's banking sector to scale up green and climate finance.

The workshop introduced the project's implementation plan and featured sessions sharing both international experience and practical insights on Vietnam's evolving green banking landscape.

The event gathered more than 80 participants from SBV, relevant ministries and agencies, development partners, commercial banks, and business associations. Discussions covered key topics such as climate risk assessment, macroeconomic impacts of carbon pricing, the role of credit institutions in carbon market development, and green bond issuance.

Participants also exchanged perspectives on Vietnam's green taxonomy and identified next steps to help the banking sector advance sustainable and transition finance.

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