According to estimates from the World Bank (WB), to achieve a roadmap towards net-zero emissions by 2050, Vietnam needs to mobilize approximately $368 billion. At the seminar “Diversifying Capital for Sustainable Development” held in December 2025, the Ministry of Finance also stated that the total long-term investment demand for Vietnam’s green and sustainable economic development by 2050 is estimated at around $670 – $700 billion. With this goal, experts calculate that the banking system cannot rely on just one tool but needs a comprehensive capital mobilization strategy. Agribank addresses this challenge with three pillars: expanding preferential credit, issuing green bonds, and upgrading risk management according to ESG standards.
With the advantage of a branch network covering all provinces, closely aligned with the agricultural and rural sectors, Agribank is currently one of the banks with a large scale of green credit among commercial banks. As of the third quarter of 2025, the bank’s green credit outstanding balance reached approximately 28,355 billion VND, with nearly 40,000 customers. This capital flow is allocated to various sectors: renewable energy and clean energy account for over 53% (focusing on wind power, solar power, and biomass energy); sustainable forestry accounts for more than 24%, and green agriculture and high technology hold about 21% of the bank’s total green credit outstanding balance.
Agribank leaders stated that clarifying the purpose of capital use from the outset places significant pressure on the internal governance system. The bank must upgrade its monitoring and accounting processes for cash flows more rigorously to ensure that capital flows correctly into projects that meet environmental criteria.
“The issuance of bonds linked to the purpose of green credit is seen as a fundamental factor towards issuing green bonds according to international standards (such as ICMA or CBI) in the future, opening the door to access low-cost investment capital from global climate finance funds,” a representative of Agribank shared.
In the context of the Vietnamese green bond market being in the shaping stage, Agribank’s proactive approach to directing capital from the input side shows a positive shift: from a capital supply channel gradually becoming an important link in the sustainable financial ecosystem, contributing to solving the capital challenge for the country’s green growth goals.