HSBC asked to join green transformation and green projects in Vietnam

Appreciating HSBC's pioneering strategy in terms of implementing a fair energy transition, the Deputy PM expressed his desire that the bank becomes a "credit filter" and actively participates in projects relating to green industrial parks and zero-emission factories. This is in addition to taking steps to reduce greenhouse gas emissions in transportation, construction, and industrial production, as well as joining in renewable energy projects.

The country always pays close attention to HSBC's pioneering policies in digitalisation and green transformation, adding that the Government and the International Partners Group (IPG) have officially adopted the Political Declaration on the establishment of the Just Energy Transition Partnership (JETP), Deputy PM Ha stated.

The IPG will mobilise an initial funding of at least US$15.5 billion over the next three to five years from governments in order to attract investment in the energy transition sector, Deputy PM Ha said, adding that the HSBC can participate in the arrangement of capital structure to ensure the effectiveness of these projects.

For his part, the HSBC official said that this year the bank plans activities to realise the goals set out in the roadmap in order to reach net-zero carbon emissions, digital transformation, and green transformation.

He also said that HSBC would like to share experiences with Vietnam, particularly in terms of greenhouse gases emission reduction, as it has been supporting many enterprises in that field globally.