MSB Attends Vietnam Carbon Market Forum 2025: Solutions for Carbon Market Development in Vietnam

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

The forum brought together policymakers, international experts, and business community representatives to discuss the potential, challenges, and roadmap for developing Vietnam’s carbon market—especially as both the voluntary carbon market (VCM) and the compliance carbon market are set to begin pilot operations in June 2025 and officially launch in 2029.

At the forum, Ms. Nguyen Huong Loan, Deputy CEO representing MSB, affirmed the bank’s pioneering role in supporting businesses and organizations in the green transition and sustainable development. MSB is committed to providing financial support and assisting businesses in meeting international standards to access capital and loans from foreign institutions. This will help businesses reduce operational costs, minimize environmental impacts, and work toward the Net Zero target by 2050.

During in-depth discussions, Ms. Loan shared:
“From a banking perspective, we see many sources of funding from international institution encouraging green projects and sustainable development, which many businesses are looking forward to. However, many businesses cannot access this funding due to not meeting sustainability standards, so it is necessary to develop clear criteria for businesses to understand and comply, especially as Vietnam’s carbon market is in its early stages. The market needs to align with international standards so that carbon credits can be traded internationally, avoiding the risk of products being unsellable due to strict regulations in markets like Europe. Banks and financial institutions will play an intermediary role to ensure this process. We hope the market develops practically, with real tradable products and international connectivity, helping businesses meet sustainability criteria and trade carbon credits that meet stringent international standards.”

The forum also provided MSB with opportunities to connect and expand cooperation with ministries, international organizations, and domestic enterprises, contributing to building an effective, transparent, and sustainable carbon market ecosystem. MSB continues to affirm its commitment to accompany the government and business community on the journey toward a green economy, sustainable development, and effective climate change management.