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each sector, according to Vietnam's environmental commitments by 2030, amount to
approximately USD 68.75 billion. The Ministry expects 36% of this financial need to

originate from domestic sources, approximately USD 24.722 billion, while 64% will
come from external sources, approximately USD 44.028 billion.
Blockchain, cryptography, digital payments, digital banking, and other technology
businesses can find great opportunities in Vietnam's fast-expanding fintech market. At
the moment, Vietnam is home to more than 130 fintech companies that provide a variety
of services to a broad clientele and include digital payments, blockchain, asset
management, and alternative finance, among other things. Vietnam's fintech ecosystem
is growing thanks to favorable government laws and policies, as well as the region's

appeal to Asian investors. In recent years, Fintech has transformed numerous financial
services, quickly gained traction, and attracted hundreds of billions of USD in global
investment. Vietnam's nascent fintech industry is demonstrating robust growth,
particularly in areas such as peer-to-peer lending, crowdfunding, digital payments,
cryptocurrency assets, and insurance technology.
As a result, it is evident that Fintech has significant potential for expanding and

developing green financial resources. Vietnam could implement several measures to
promote Fintech in the green finance sector.
Firstly, a comprehensive legal framework is necessary for the green finance market
to operate effectively. Therefore, it is essential to develop and implement policies and
regulations that support the green finance market, including standards for green bonds,
sustainable investment funds, and carbon credits. Additionally, the government should
establish policies and incentives, such as tax exemptions or financial support for

sustainable initiatives, to encourage investment in green projects.
Secondly, it is crucial to develop Fintech platforms that facilitate investment in
sustainable projects, such as green bonds, sustainable investment funds, and renewable
energy projects.
Blockchain technology, which is used to establish distributed ledgers for green
finance transactions, can ensure transaction transparency and data security. Blockchain

can help with the tracking and management of green initiatives, from financing to
implementation and environmental effect reporting. Furthermore, mechanisms for
trading carbon credits may be built, allowing businesses and investors to readily
participate in the carbon market and engage in emission offset transactions, as seen
globally. To accomplish this, the government should also plan for the development and
promotion of these platforms, encouraging collaboration among government agencies,
banks, fintech companies, and non-governmental organizations to create and advance
green financial products and drive investment in sustainable projects.

Thirdly, in addition to developing and advancing platforms and products in the
green finance sector, it is essential to raise awareness of green finance among investors,
businesses, and the public through education and communication. It is also necessary to
implement more programs to encourage and support innovative green finance projects,
such as competitions, funding grants, and other incentives.

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