Building a Cohesive Ecosystem: The Key to Developing the Green Finance Market

Building a Cohesive Ecosystem: The Key to Developing the Green Finance Market

In the context of the rapidly growing green finance market in Vietnam and the increasing demand for capital mobilization, building a cohesive ecosystem among regulatory bodies, international organizations, advisory agencies, and independent assessment service providers is a crucial factor to:

• Share transparent information
• Establish market practices
• Address bottlenecks in the domestic market
• Build a foundation for sustainable finance

Currently, the shortage of independent green assessment service providers is a weak link, hindering the healthy development of the market. Therefore, it is necessary to expand and increase the number of competent independent assessment partners to:

• Enhance Competition: More participation from high-quality independent assessment units in the green finance market is needed to promote and raise service standards.
• Meet the Diverse Needs of Issuing Organizations: Better support for businesses from various industries with diverse needs regarding the application of different green principles and standards.
• Increase Investor Confidence: Diversifying sources of independent assessments helps provide comparative information and strengthens investment confidence.

What other factors does the green and sustainable finance market in Vietnam need to develop more strongly? Let's discuss with VIS Rating for more information and in-depth analysis.