Page 139 - Ebook HTKH 2024

etc.) of each industry/sector in a synchronous manner to attract and promote the
effectiveness of green credit capital.

- Develop capital markets for green sectors to supplement credit sources such as
green bonds, carbon credits, etc.
- Strengthen propaganda activities, further raising awareness of all people,
agencies and organizations about the importance and role of green growth, green credit
and better understanding of the benefits that this activity brings.
Secondly, credit institutions need to:
- Raise awareness of environmental risks, climate change, and recognize
sustainable development as an inevitable trend. From there, actively and proactively

build and deploy a social-environmental risk management system, integrating green
development into the operational strategy of credit institutions.
- Diversify training forms related to green credit, focusing on training skills and
professional expertise in appraisal and management of environmental and social risks
for bank staff.
- Proactively and coordinate with the State Bank, relevant ministries and branches

to seek and mobilize capital resources and technical support for green banking and green
credit activities.
Thirdly, the business community needs to:
Improve management and governance capacity, need to be transparent in finance
and operational information, restructure operations, develop effective production and
business conversion plans that are suitable for reality, have awareness of environmental
protection during project implementation, thereby creating a basis for credit institutions

to appraise loans and control loan quality.
4. Conclusion
One of the three main pillars for Vietnam's economic growth by 2035 is economic
prosperity combined with environmental sustainability. The aspiration for future growth
is closely linked to environmental and social factors, creating an inevitable need for
Vietnam to transform its traditional economy towards green growth and sustainable

development. In that process, it is necessary to have the cooperation of everyone, every
household, every industry and every level. The banking industry plays a very important
role in leading capital sources for green growth. To further promote the role of green
credit capital, great efforts are needed from within banks. However, at the same time,
there needs to be synchronization of policies and smooth coordination between
ministries and branches. On that basis, green banking can be developed sustainably.

References

1. Prime Minister (2014). Decision 403/QD-TTg dated March 20, 2014 “National action plan on green
growth for the period 2014-2020”.
2. Prime Minister (2012). Decision 1393/QD-TTg dated September 25, 2012 on “National strategy on
green growth”.

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