Decision No. 1408/QD-NHNN dated July 26th, 2023 of the State Bank on promulgating action program of banking sector for implementing national strategy for green growth of 2021 - 2030 period and scheme for tasks and solutions for implementing results of the united nations climate change conference of the parties - cop26

This Plan is to offer solutions of the banking sector for implementing national strategy for green growth of 2021 - 2030

Accordingly, the banking sector will focus on completing polices, regulations on credit provision in order to increase access to bank loan capital for manufacturing and business projects, solutions that are beneficial to the environment and protect the environment

Concurrently, to it will study to slowly increase percentage of loan capital invested, funded by banks for projects under the List of green projects, especially sectors such as: renewable energy, transport, construction material production, waste processing, low-carbon manufacturing and consumer sectors, etc. appropriate to Vietnam’s commitment to net-zero carbon emission by 2050;

This Decision takes effect from the date of its signing.