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
TIN LIÊN QUAN

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Green credit requires a separate mechanism for green industrial parks

Nguyễn Linh |

The Standing Deputy Governor of the State Bank of Vietnam (SBV) said that there should be a separate policy mechanism for green credit in green industrial parks.

Removing green credit obstacles for small and medium-sized enterprises

Tuyết Lan thực hiện |

"Currently, many small and medium-sized enterprises (msVs) want to borrow green credit but lack capacity readiness such as ESG financial records and collateral assets. Enterprises are in dire need of a more bold and flexible financial ecosystem" Dr. Mac Quoc Anh, Vice President and General Secretary of the Hanoi Association of Small and Medium Enterprises (Hanoisme) discussed in an interview with Lao Dong Newspaper.

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