VOV.VN - Da Nang city and Tien Phong newspaper on April 21 co-hosted a seminar on green transition aiming to turn Da Nang into a smart, eco-friendly city.

Vietnam needs to drastically raise measures to promote the development of circular economy in order to take up opportunities for accelerating socio-economic growth and promoting sustainable development.

Green credit growth in Vietnam has remained limited due to the lack of a clear legal framework, according to industry insiders.

A consultation workshop was co-held by the Institute of Strategy and Policy on Natural Resources and Environment (ISPONRE) and the German Agency for International Cooperation (GIZ) in Vietnam to discuss environmental criteria for projects granted with green credit or issuing green bonds.

The International Finance Corporation (IFC) has provided a US$100 million long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.

The Bank for Investment and Development of Vietnam (BIDV) announced on May 27 that it has signed an agreement on the SUNREF green credit line with the French Development Agency (AFD) to finance businesses investing in the fields of environmental protection, climate change response, and green growth.