Topic: Mechanism

A pilot program for issuing and trading cryptocurrencies and digital assets to be oversighted Ministry of Finance, Ministry of Public Security, and State Bank of Vietnam.

This policy is believed to have a positive impact on competition in the energy sector.

Hanoi seeks a balance between market mechanisms and shielding the state utility as it develops rules for renewable energy sales

The State Bank of Vietnam (SBV) is researching a decree on a controlled trial mechanism for financial technology (fintech) activities in the banking sector, for submission to the government for promulgation this year. The central bank will also focus on helping credit institutions and foreign bank branches in Vietnam receive foreign aid and concessional loans to finance projects on the green classification list.

If Vietnam’s circular economy is to develop, it is necessary to introduce a mechanism to help small and medium-sized enterprises (SMEs) access finance; offer incentives to support and create the conditions for businesses to access green capital; and link the transformation to the circular economy with reductions in carbon emissions. This would create motivation for organizations and enterprises to develop the circular economy.