Announcement on Green Credit Policy at MSB

To gradually achieve its sustainable development goals and green its investment portfolio, Vietnam Maritime Commercial Joint Stock Bank (MSB) has issued the List of Green Sectors in MSB’s Credit Activities under Decision No. 398/2024/QĐ-TGĐ4 dated January 16, 2024.

The list of green sectors was developed with reference to the Draft Decision of the Prime Minister on environmental criteria and certification for projects eligible for green credit and green bond issuance, as well as the Green Credit Methodology of the Dutch Entrepreneurial Development Bank (FMO). Based on this foundation, MSB defines Green Credit within the following two scopes:

I. Green Credit for investment projects in the following sectors

1. Energy:
   Solar power, wind power, geothermal energy, biomass energy, ocean energy, green hydrogen, bioenergy; development of renewable energy infrastructure and upgrades to improve energy efficiency.

2. Transportation:
   Procurement of low-carbon vehicles and development of infrastructure supporting low-carbon transportation.

3. Water Resources:
   Extraction, treatment and supply of clean water; desalination and water-saving solutions.

4. Construction:
   Construction and renovation of green buildings and projects that reduce carbon emissions.

5. Agriculture, Forestry, Fisheries and Biodiversity Conservation:
   Sustainable and high-tech agriculture; afforestation and reforestation; forest conservation; ecosystem and biodiversity protection; ecotourism; sustainable aquaculture and fisheries; treatment of pollution and agricultural waste.

6. Manufacturing and Processing:
   Production of energy-efficient equipment; equipment supporting low-carbon technologies and transportation; environmental protection machinery and hydrogen-related technologies.

7. Waste:
   Collection, classification, treatment and recycling of waste; wastewater treatment and exhaust gas treatment.

8. Information, Communication and Services:
   Scientific research and technological development for environmental protection; environmental education; application of science and technology for efficient resource use and climate change response; environmental support services.

9. Green Transition:
   Production of electricity, heat or cooling from gas fuels; sustainable seafood processing; energy-efficient production of steel, cement and other materials.

(For details, please refer to Appendix 01 of Decision No. 398.)

II. Green Credit for projects or business plans with green certifications

Green credit also includes loans for investment projects or business plans in sectors where customers possess relevant green certificates or certifications related to those industries. MSB has identified a number of certifications meeting green standards in sectors such as textiles and garments, fisheries and seafood, agriculture and forestry, and green buildings.

(For details, please refer to Appendix 02 of Decision No. 398.)

Verification of Green Credit

To recognize a loan as green credit at MSB, in addition to the standard credit appraisal procedures, two verification steps are required. The first verification is conducted by the business unit based on the issued list of green sectors. The second verification involves consultation with the Environmental and Social Risk Management unit, which provides professional confirmation.

Immediately after issuing the list of green sectors in credit activities, MSB launched two Green Credit Solution packages totaling VND 3,500 billion in February 2024. To implement these preferential credit packages, MSB organized training sessions for staff involved in credit operations and conducted internal communications across the bank.

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