VN makes significant progress in sustainable finance reformsViet Nam has made significant progress in banking reforms to expand sustainable lending, says the first comprehensive Global Progress Report of the Sustainable Banking Network (SBN), released on Monday. — Photo daibieunhandan.vnSBN’s 34 member-countries, with US$42.6 trillion in bank assets accounting for over 85 per cent of total bank assets in emerging markets, have initiated sustainable finance reforms at different stages, from commitment to reforms to changing domestic banks’ lending practices. “It shows that both middle- and low-income countries can adopt sustainable finance reforms. SBN has demonstrated in a short time how much can be achieved when regulators, policymakers, trade associations and development institutions collaborate to advance sustainable finance,” he said. To further stimulate green lending, SBV has released a Green Project Catalogue that defines green sectors and plans to publish guidelines on reporting green finance flows.

Source: VietNamNet News February 27, 2018 08:37 UTC