HSBC Vietnam recently announced its commitment to arrange up to $12 billion of direct and indirect sustainable financing for the country and its corporate sector by 2030. The funding aims at supporting the Vietnamese government's aspiring climate goals and the 2021 UN Climate Change Conference (COP26) commitment to become a net zero economy by 2050.
The bank, in its letter to the Government of Viet Nam, has expressed its plan to offer financial and expert support to promising and critical green and sustainable projects by corporations in Vietnam that play a key role in decarbonising the economy.
This forms part of HSBC's broader net zero pledge to help customers transition their business models and decarbonise by prioritizing $750 billion to $1 trillion in finance and investment by 2030, according to a newspaper report in the country.
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