On the morning of December 4th On December 10, Ms. Pham Thi Thanh Tung, Deputy Director of Vietnam Bank for Agriculture and Rural Development (Agribank), spoke at the workshop “Unlocking Large Sources of Capital for Green Loans” organized by Investment Newspaper in coordination with the Vietnam Bank for Agriculture and Rural Development ( Agribank) Credit Department Using the economic sectors, the State Bank said: During the period 2017-2022, the outstanding loan balance of the green field system has an average outstanding loan growth rate of more than 23%/year, which is higher than the overall loan growth rate of the economy (15%).
Until September 30, 2023. As of September 564,000, outstanding green loans will reach more than VND 4.4 billion, accounting for about XNUMX% of the total outstanding debt of the entire economy.
Among the 12 green fields that the State Bank recommends to credit institutions when granting loans, outstanding loans are mainly concentrated in renewable energy, clean energy (almost 45%) and green agriculture (more than 30%).
The State Bank representative pointed out that there is currently no general national regulation on criteria and a list of green projects for industries/sectors according to the economic subsector system. Investments in green industries/sectors, especially those that often require long payback periods and high investment costs, while the source of debt capital from credit institutions is often short-term mobilized capital. Difficulties for credit institutions to balance capital and ensure the short ratio -Long-term capital to medium and long-term loans in accordance with the regulations…
Therefore, in order for green credit to develop, it is recommended to further improve the legal framework and provide guidelines on green categories and criteria for determining green projects in accordance with Vietnam’s economic sub-sectors as a basis. So that credit institutions have a basis for assessing, evaluating and monitoring when granting green loans.
In addition, it is necessary to develop a roadmap for the implementation of policy mechanisms to support green industries (taxes, fees, capital, technology, markets, planning, development strategies…) of each industry/area. synchronously attract and promote effectiveness of green credit capital; Research and develop mechanisms and policies to support the development of the capital market and green bond market, create capital mobilization channels for investors to have more resources for the implementation of green projects.
Mr. Nguyen Ba Hung – Chief Economist of the Asian Development Bank (ADB) in Vietnam recommended, in addition to completing the legal framework for green economy and green financing; It is necessary to identify specific quantitative targets that are consistent with Vietnam’s international commitments and create motivation for the development of green finance.
In addition, Mr. Hung said that Vietnam needs to proactively access international sources of capital through bilateral cooperation and international financial organizations to attract capital; Accelerate the implementation of carbon certificate confirmation, form a domestic carbon market, and connect with the international carbon market…
2023-12-04 07:37:51
#Outstanding #green #loan #debt #amounts #VND #billion #Vietnam.vn
