Within the framework of the Forum "Unlocking resources with green transformation enterprises" organized by the People's Representative Newspaper with the support of Vietnam Gas Corporation - JSC (PV GAS), experts raised a series of issues that enterprises are facing and solutions to support enterprises in green transformation.
Speaking at the forum, Dr. Tran Thi Hong Minh - Director of the Institute for Policy and Strategy Research - emphasized: "About 65% of businesses have difficulty accessing green capital, especially small and medium enterprises - accounting for more than 90% of the total number of businesses nationwide." Initial investment costs for green initiatives are very high, while the payback cycle lasts from 5 to 10 years, beyond the capacity of current short-term loans.
Mr. Nguyen Thanh Son - Director of the Training Center, Vietnam Banking Association - frankly said: the green financial ecosystem in Vietnam is not yet complete. Lack of a legal corridor, no clear classification criteria for green projects, and limitations in professional human resources at banks are major barriers to appraisal and granting green credit.
Proposed solutions: From legal framework to green credit guarantee
From international experience, Mr. Nguyen Minh Khoi - Program Director, Tony Blair Institute for Global Change - proposed that Vietnam should establish a National Green Credit Guarantee Fund. This fund will help small and medium-sized enterprises access long-term capital without the need for mortgaged assets.
In addition, it is necessary to review import tax policies for green technology, promote the application of blockchain and traceability systems such as TWIN, EUDR; and strongly support startups and green innovation projects.
Mr. Nguyen Thanh Son also proposed to soon issue a green classification list, assign independent agencies to appraise the project, and have policies to encourage the development of the carbon credit market, innovation in the fields of energy, green transport and clean mining.
According to Mr. Le Nguyen Truong Giang - Director of the Institute of Digital Transformation Strategy - data and digital transformation are an indispensable foundation in the process of greening businesses. Data is the new energy of the economy. Enterprises need to invest systematically in digital infrastructure to monitor emissions, optimize processes and effectively implement ESG management, Mr. Giang emphasized.
Dr. Nguyen Quoc Viet - University of Economics, VNU Hanoi - said: FDI plays a key role in the green transformation process. Vietnam needs to improve the investment environment, ensure property rights and policy transparency to attract high-quality green capital flows. More importantly, policies need to be designed close to reality, linked to business needs and effectively implemented on the field.
Green transformation is not only an opportunity but also a vital requirement for businesses in the era of a circular economy and climate change. However, if financial bottlenecks are not removed, a synchronous policy framework and a fully supportive ecosystem are built, this road will continue to be full of thorns.
