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MB recognised as Best FX Bank in Vietnam by The Asian Banker

MB recognised as Best FX Bank in Vietnam by The Asian Banker
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Banks roll out green credits for eco-friendly approach

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. ....

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Preparation crucial for banks to avail of green credit trends

Preparation crucial for banks to avail of green credit trends
11:00 | 24/04/2021
Many foreign and Vietnamese financial institutions are now enthusiastically enforcing green loans or bonds as they continue to work towards transition to a low carbon economy. However, issues such as debtorsâ leverage ratio or energy project quality are associated with risks. Pham Nhu Anh, head of the Corporate and Investment Banking Division at Military Bank, talked to VIRâs Luu Huong about the risks and rewards of these climate-friendly initiatives.
How is green credit classified in the country at this time?
Pham Nhu Anh, head of the Corporate and Investment Banking Division at Military Bank ....

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