Green finance for renewable energy
As part of the strategy of sustainable national development, prioritizing capital sources for customers, who are investing in green production, environment-friendly production and renewable energy (RE) sectors is extremely important.
Currently, banks have begun to gradually increase the proportion of green credit – credit for RE development, however, the efficiency has not been achieved as expected because the investment capital in this field requires long payback period, large investment costs; high risk and potential bad debt. At the same time, the complicated technical appraisal of RE projects – a very new field in Vietnam, is also a huge obstacle, leading to limited green credit.
