HSBC to disburse $5.3 bln of green finance in Vietnam

By Tri Duc

Thu, March 20, 2025 | 4:26 pm GMT+7

HSBC has disbursed over $2.5 billion of green finance in Vietnam and an extra $5.3 billion is “already in pipeline,” said Deputy Minister of Industry and Trade Nguyen Hoang Long.

Long was referring to a meeting last week with HSBC in a recent LinkedIn post, regarding HSBC’s commitment of a $12 billion package of green finance for Vietnam by 2030.

The HSBC delegation featured HSBC Vietnam CEO Tim Evans and HSBC Asia Pacific CEO Surendra Rosha.

Deputy Minister of Industry and Trade Nguyen Hoang Long (fourth, right) at a meeting with HSBC in Hanoi on March 12, 2025. Photo courtesy of Cong Thuong (Industry & Trade) newspaper.

Besides, Long emphasized the potential of renewable energy in Vietnam, especially offshore wind power, as the country aims to become a regional hub for offshore wind power. Renewable energy is a key sector for Vietnam to attract foreign investments, the deputy minister highlighted.

Vietnam plans to raise the capacity of nearshore and land-based wind power to 26,066-38,029 MW by 2030 in its power development plan VIII (PDP VIII), which is under amendments, Long noted.

In reply, the HSBC delegation said the bank is willing to finance renewable energy projects of Vietnam.

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Vietnam

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