Green transition requires realistic roadmap
The green transition has become an unmistakable trend but its implementation requires a roadmap that reflects practical conditions and economic development needs
The green transition is no longer a voluntary choice for businesses but is increasingly linked to legal compliance, economic development priorities, and environmental and social responsibilities. Tran Anh Quy, deputy director of the State Bank of Vietnam's Credit Department, highlighted that green credit has seen significant growth since its introduction in 2017, with outstanding green credit exceeding VND856 trillion ($33.5 billion) by the end of June 2026.
However, Quy emphasized that green financing should encompass standards, technical conditions, and requirements to demonstrate environmental impact, as its core purpose is to help businesses invest in technologies and processes that reduce emissions and use resources more efficiently. Despite the progress, the green transition still requires a realistic roadmap that aligns with practical conditions and economic development requirements, as stressed by Dang Tai An Trang, deputy general director of the Vietnam Exchange.
Brief written by urgent.news from Vietnam Investment Review's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
