VOV.VN - Vietnam is set to participate in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) programme, starting January 1, 2026, according to the Civil Aviation Authority of Vietnam (CAAV).

Vietnam stands at a pivotal juncture as it seeks to actualise its net-zero carbon ambitions by 2050, with the launch of a domestic carbon credit market closely seen as a strategic instrument to catalyse greenhouse gas mitigation.

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu provided further details on the direction, mechanism, and expected timeline of the preferential credit package worth VND500 trillion (about US$20 billion) to support businesses investing in infrastructure and digital technology, at the Government’s monthly regular press conference.

Prime Minister Pham Minh Chinh has called on the International Fund for Agricultural Development (IFAD)’s assistance for Vietnam to develop the carbon credit market and support farmers in remote areas.

The Vietnamese Government has issued a new decree stipulating that foreign investors could only buy treasury stocks which were purchased by credit institutions before January 1, 2021.

Commercial banks have stimulated credit demand right from the start of the year to support economic growth.

Acting Chairman of the People's Committee of Quang Tri province Ha Sy Dong expressed his hope that the collaboration will effectively contribute to Vietnam’s and Italy’s international ecological environment commitments.

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over VND3.9 quadrillion (US$153.3 billion), a 11.3% increase for the year, according to the central bank.

Average home loan interest rates may increase slightly from the beginning of this year due to rising capital costs, analysts forecast.

Credit growth across the banking sector reached 15.08% as of the end of 2024, exceeding the year’s target of 15%, according to Standing Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.