The initiative shows HSBC’s focus on supporting clients in their transition efforts while enabling innovation, growth and new business opportunities.

The Sustainability and Transition Credit Facility will provide financing for eligible mainland China businesses across sectors including clean power, transport electrification, data centres and artificial intelligence.

China accounts for 47% of global cleantech exports, and around two-thirds of global solar and battery exports. EV sales are expected to reach 26 million globally in 2026, while electricity consumption from data centres worldwide is projected to roughly double from about 485 TWh in 2025 to 945 TWh by 2030. This expansion is further supported by the ASEAN-China Free Trade Area (ACFTA) 3.0 Upgrade Protocol, signed during the 47th ASEAN Summit in Kuala Lumpur in October 2025, which for the first time extends China-ASEAN trade cooperation into the green economy, digital economy and supply chain connectivity.

Vietnam stands to benefit from increased access to clean energy technologies, as 91% of new wind and solar projects commissioned in 2024 were cheaper than the lowest-cost fossil fuel alternatives globally.

At the recent 48th ASEAN Summit in the Philippines, regional leaders reiterated their commitment to accelerating development of the ASEAN Power Grid and building “a more integrated, secure, and sustainable energy future.”

Vietnam presents a significant opportunity within the initiative. Renewables accounted for 27.9% of the country’s total installed power capacity in 2025. EV sales penetration reached about 40% in 2025, among the highest rates in ASEAN and one of the fastest globally. Vietnam Prime Minister’s Decision 768/QD-TTg (2025) on national power sector development projects total investment of US$134.3 billion in power generation and transmission by 2030, creating substantial demand for clean energy technologies and battery materials.

As Chinese companies seek overseas expansion to meet rising demand, HSBC’s new facility aims to help bring clean technologies and solutions to market more efficiently, contributing to global decarbonisation efforts. HSBC will extend credit limits for eligible companies, streamline credit approvals and develop tailored financial solutions based on individual business needs.

Tim Evans, CEO and Head of Banking at HSBC Vietnam, emphasized that “Vietnam's clean energy transition is happening at pace and at scale right now. The country's rapid EV adoption, its ambitious power development targets, and its growing openness to sophisticated foreign investment make it a compelling destination for Chinese clean energy companies looking to expand internationally. HSBC is uniquely positioned to support that flow of capital and technology, and this facility strengthens our ability to support this important trend.”

“China is home to some of the world’s most dynamic low-carbon companies. These businesses are setting new benchmarks in high-end manufacturing while playing a vital role in transforming transition ecosystem”, said Natalie Blyth, Global Head of Sustainable Finance and Transition at HSBC.

“As they scale internationally, they need financial partners with the global reach and expertise to support them. This facility is designed to do exactly that and no bank is better placed than HSBC to help clients find, access and navigate growth opportunities across global ecosystems”, she added.

HSBC sees Vietnam retaining long-term appeal despite global volatility

VOV.VN - Amid global trade volatility and tensions in the Middle East, Vietnam continues to attract long-term investor interest thanks to strong FDI inflows, competitive labour costs, improving infrastructure connectivity and an established manufacturing ecosystem, HSBC economists have said.