Green credit paves the way for 290 green industrial parks

Nguyễn Linh |

With the goal of reaching 290 green industrial parks nationwide, the forum in Da Nang focused on discussing the important role of green credit.

Environmental pollution and climate change are urgent challenges globally and Vietnam is no exception. After more than 30 years of development, many industrial parks (IPs) in Vietnam have revealed economic, social and environmental limitations.

Some localities such as Da Nang, Can Tho, Ho Chi Minh City and Dong Nai have decided to switch to the green industrial park model since 2014. Although the number of green IPs only accounts for about 1-2% of the total 290 IPs in operation, this number is increasing.

Of which, Da Nang with 6 IPs with a total area of 1,100 hectares, is aiming to develop 2-3 ecological IPs that meet national standards by 2030. Many enterprises in these industrial parks have applied the circular economic model, improving technology to reduce pollution. However, building a green industrial park requires significant investment in infrastructure, renewable energy and waste treatment technology. The banking industry is playing an important role in providing green credit, helping businesses meet the financial needs for this conversion process.

At the "Connecting Green Credit - Green Industrial Parks" Forum organized by the Banking Times in coordination with the State Bank of Vietnam Region 9, more than 100 delegates from the State Bank, local governments, experts, credit institutions and industrial parks focused on solutions to promote green credit for the sustainable development of industrial parks in Vietnam.

The forum discussed the implementation of green IPs, evaluate green credit and share international experiences to promote green IPs in Vietnam. Ms. Le Thi Thuy Sen, Editor-in-Chief of the Banking Times, hopes that the Forum will be a bridge between stakeholders, together finding solutions to promote the "greening" of industrial parks in a sustainable way.

Nguyễn Linh
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