Green outstanding loans reached more than VNĐ636.96 trillion at the end of the first quarter this year, accounting for about 4.5 per cent of the total outstanding loans in the banking system, deputy governor of the State Bank of Vietnam (SBV) Đào Minh Tú said on May 22. Tú said the SBV would continue to research and complete the legal framework to strengthen the management of environmental, social and climate risks for credit institutions. It will also monitor, guide and remove difficulties for credit institutions in implementing environmental risk management according to regulations in Circular No. 17/2022/TT-NHNN on environmental risk management guidelines in loan granting of credit institutions. Ngô Bình Nguyên, OCB’s strategy director, said to achieve green goals, banks must develop green customer loan portfolios.
