Vietnam is working to connect its green credit system with the emerging carbon market. At an October 2026 seminar, officials from the State Bank of Vietnam and Agribank discussed how carbon revenue could complement bank lending for projects that cut emissions. Green credit outstanding reached over VND 856 trillion by mid-2026, but the article stresses that disbursing money is not enough. The actual emission reductions from funded projects need to be verified and turned into cash flow that improves repayment capacity. The core challenge is timing. Projects need capital early for technology upgrades and cleaner production, but carbon credits only arrive after measurement, reporting, and verification. That gap is why Agribank proposes treating carbon revenue as a supplementary repayment source rather than the main one. Vietnam also needs an estimated US$368 billion for climate adaptation and emission reduction by 2040. The article points to the $51.5 million World Bank payment for verified emission reductions as experience, but not as a price benchmark for the wider market.
