Green finance seen as key to unlocking Vietnam's low-carbon transition
Hanoi, July 28 -- Expanding access to green finance is becoming essential for Vietnam's low-carbon transition, as businesses seek capital to invest in cleaner technologies, modernise production and meet increasingly stringent international environmental standards, according to insiders. Businesses say the biggest obstacle to reducing emissions and transforming production models remains the lack of financial resources needed to upgrade technologies, modernise production lines and build governance systems that comply with global sustainability standards. According to Giandomenico Zappia, Chair of the EuroCham Sustainable Finance Sector Committee, sustainable finance is not simply about issuing green bonds or offering preferential loans, but...
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