State Bank of Viet Nam issues in August 2024 a decision No. 1663/QĐ-NHNN to amend the Decision 1604 (dated August 7, 2018, approving the Scheme on green bank development in Vietnam), including non-banking credit institutions in the green bank development
Viet Nam
Timeline
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2024Framework Development
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2023Framework Development
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SBV issues the Decision No. 1408/QD-NHNN on the Action Plan of the banking industry to implement the National Strategy on Green Growth for the period 2021-2030
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2022Framework Development
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SBV issues the Circular No. 17/2022/TT-NHNN guiding the management of environmental risks in credit granting activities of credit institutions and foreign bank branches
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2021Framework Development
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State Securities Commission of Vietnam publishes Guidelines:How-to Issue Green Bonds, Social Bonds and Sustainability Bonds
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Government of Vietnam issues Decree No. 53: Regulations on Individual Corporate Bond Offerings and Transactions in the Domestic Market and Corporate Bond Offerings in the International Market, which mentions green bonds
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ASEAN Sustainable Banking Principles Initiative is approved
Research and Engagement-
Policy dialogue between the ASEAN Central Bank governors and the CEOs of FIs on digitalization and sustainability is being facilitated by SBV
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ASEAN banking sector sets up a task force to look into how member countries can implement ASEAN sustainable banking principles
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2020Market Actions and Impacts
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Ministry of Finance mandates the green house gas (GHG) emission disclosure among public listed companies in their Circular 96/2020/TT-BTC
Research and Engagement-
SBV issues an official letter requesting credit institutions to report on the implementation of the banking sector plan to achieve national green growth targets (No. 8519/ NHNN)
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2018Framework Development
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SBV releases the Green Banking Development Scheme, the Decision to set the Action Plan of the banking sector to implement the 2030 Agenda for Sustainable Development, and the Handbook on Environmental and Social Risk Assessment for specific sectors
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Government of Vietnam issues the Decree on Government Debt Instruments, the Decree on Corporate Bond Issuance, including green bonds, and the Strategy to Develop the Banking Industry in Vietnam to 2025 and Vision to 2030, incorporating green credit development
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2015Framework Development
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SBV issues the Directive on Promoting Green Credit Growth and E&S Risk Management in Credit Granting Activities and the Action Plan for the banking sector to Implement the National Strategy on Green Growth toward 2020
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2012Research and Engagement
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SBV joins SBFN as a founding member
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Ministry of Natural Resources and Environmental Protection joins SBFN as a founding member
Framework Development-
The National Green Growth Strategy for the period 2011-2020 with a vision to 2050 is approved (Decision 1393/QĐ-TTg, Prime Minister)
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