HSBC Vietnam commits to arranging up to 12 billion USD of direct and indirect sustainable financing for Vietnam and the corporate sector in the country by 2030. (Photo: HSBC)
The bank, in its letter to the Government, expressed its plan to financially and expertly back corporates’ promising and critical green and sustainable projects in Vietnam, which play a vital role in decarbonising the country’s economy.
This forms part of HSBC’s broader net zero pledge to help customers transition their business models and decarbonise by prioritising 750 billion USD to 1 trillion USD in finance and investment by 2030.
HSBC Vietnam will mobilise funds from local and international financial markets to provide a wide range of sustainable solutions in green finance, debt finance, supply chain, trade, green deposits and investment products. HSBC incorporates prudent risk assessment and international green finance standards in providing these solutions.