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In this very first cooperation, PCC1 has been working closely with HSBC Vietnam to go through HSBC’s stringent credit approval and management process of sustainable financing controlled by HSBC Asia Pacific Sustainable Loans Committee.
Banks roll out green credits for eco-friendly approach 10:00 | 29/04/2021
Banks roll out green credits for eco-friendly approach
The Vietnamese governmentâs increasing support and gradual policy reform in recent years have boosted green projects in different sectors across the country.
According to Stephanie Betant, country head of Wholesale Banking at HSBC Vietnam, there is a momentum building up worldwide of environmental and climate risks being regarded and managed alongside any other financial risks â and as a result, the demand for green credit rises.
The State Bank of Vietnam (SBV) said that the country currently has 31 financial institutions involved in green credit, with total credit of more than VND285 trillion ($12.4 billion), mainly on green agriculture and renewable energy.