May 22, 2025 | 09:00 GMT+7

Green credit grows over 21% annually

Kỳ Phong -

As of March 2025, outstanding green loans reaching over VND704.2 trillion ($26.98 billion).

The average growth rate of outstanding green loans in the 2017-2024 period reached over 21.2% annually, higher than that of outstanding loans for the economy, according to the State Bank of Vietnam (SBV).

As of March 2025, total outstanding green loans from 58 credit institutions stood at over VND704.2 trillion ($26.98 billion), an increase of 3.57% compared to the end of 2024 and accounting for 4.3% of the total outstanding credits of the economy.

Credit loans focused on renewable energy and clean energy, accounting for over 37% of the total, and green agriculture, accounting for over 29%.

On May 21, the SBV launched the Environmental and Social Risk Management System (ESMS) Handbook in Credit Granting Activities. The handbook, developed by the SBV in partnership with the International Finance Corporation (IFC), provides credit institutions with practical guidance for building and operating effective risk management systems aligned with environmental, social, and governance (ESG) principles - an essential step toward sustainable finance in Vietnam.

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