Vietnam’s push for ESG adoption involves regulators, banks, and aid agencies, aiming to facilitate access to funding for private sector enterprises. Yet, regulatory reforms, including a green taxonomy, are vital to incentivize banks in providing green credit. The Vietnam ESG Initiative supports the country’s Green Growth Strategy, encouraging businesses to embrace sustainable practices for enhanced competitiveness in the global market.
The government, through initiatives like the Vietnam ESG Initiative, underscores the importance of sustainable finance for economic restructuring and growth model transformation.
