Project readiness key to unlocking green finance
Access to green finance depends on more than the availability of preferential loans Businesses need to prepare viable projects demonstrate long term financial returns and meet environmental standards while financial institutions need reliable data and financing mechanisms aligned with investment cycles
The seminar organised by the Vietnam Investment Review on October 14 highlighted the challenges of mobilising capital for the green transition, with experts and businesses examining the issue from various perspectives. The manufacturing sector, as discussed by Miza JSC's deputy general director, Nguyen Huu Tu, is increasingly recognising the green transition as a core element of long-term development strategies.
Miza has prioritised investment in technology, emissions reduction, and measures to minimise environmental impacts, shifting from conventional fuels to biomass and solar power. However, financing remains a significant challenge due to the substantial upfront investment and longer payback periods required for environmentally friendly technologies.
Miza has addressed this by developing higher-quality products targeting foreign-invested enterprises, which increasingly prioritise environmental standards and carbon footprints. The company has also sought capital from shareholders, credit institutions, and partners committed to green development, underscoring the importance of financial institutions supporting projects with high upfront costs and long payback periods.
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.
