MSB Participates in Vietnam Carbon Market Forum 2025: Solutions for Developing Vietnam’s Carbon Market

Hanoi, April 14, 2025 – Vietnam Maritime Commercial Joint Stock Bank (MSB) participated in the Vietnam Carbon Market Forum: Solutions for Developing Vietnam’s Carbon Market, a key event organized in Hanoi by the Department of Climate Change (Ministry of Agriculture and Environment) in coordination with the Ministry of Finance, Ministry of Industry and Trade, the International Finance Corporation (IFC) and Vietnam Economic Times – VnEconomy.

The forum brought together policymakers, international experts and representatives of the business community to discuss the potential, challenges and development roadmap for Vietnam’s carbon market, particularly as the voluntary carbon market (VCM) and the mandatory carbon market are expected to be piloted from June 2025 and officially launched in 2029.

At the forum, Ms. Nguyen Huong Loan – Deputy Chief Executive Officer of MSB – reaffirmed the bank’s pioneering role in supporting businesses and organizations in their green transition and sustainable development journey. MSB is committed to providing financial support and accompanying businesses in accessing international standards and mobilizing capital from foreign financial institutions. These efforts will help enterprises reduce operational costs, minimize environmental impacts and move toward the Net Zero target by 2050.

During the in-depth discussion sessions, Ms. Loan shared:
“From a banking perspective, we see significant capital flows from international institutions that encourage financing for green and sustainable projects, which many businesses are seeking. However, many enterprises have yet to access such funding because they have not fully met sustainability standards. Therefore, clear criteria are needed to help businesses understand and comply with these requirements, especially as Vietnam’s carbon market is still in its early stages of development. The Vietnamese carbon market also needs to align with international standards to enable products to be traded globally and avoid situations where products cannot be sold due to strict regulations in markets such as Europe. Banks and financial institutions will play an important intermediary role in this process. We hope the market will develop in a practical manner, with real tradable assets and stronger connections to international markets, enabling businesses to meet sustainability requirements and trade carbon credits that meet stringent global standards.”

The forum also provided an opportunity for MSB to strengthen connections and expand cooperation with government agencies, international organizations and domestic enterprises, contributing to the development of an efficient, transparent and sustainable carbon market ecosystem. MSB continues to reaffirm its commitment to working alongside the Government and the business community in advancing the green economy and sustainable development, while contributing to effective climate change response.

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