Chartered Bank Propels Vietnam Towards Net-Zero Emissions Goal

Chartered Bank Propels Vietnam Towards Net-Zero Emissions Goal

Standard Chartered Boosts Vietnam's Low-Carbon Transition

Standard Chartered is playing a significant role in Vietnam's transition to a low-carbon, climate-resilient economy. The bank is active in financing, advisory services, carbon market support, and ESG advisory, aiming to bridge the gap and support the country's ambitious climate goals.

In financing, Standard Chartered is mobilising capital for projects that promote renewable energy, climate resilience, and sustainability transformations. These investments are crucial for Vietnam's updated National Adaptation Plan, focusing on mitigating growing climate risks and enhancing resilience measures.

The bank's advisory services offer expertise to help Vietnamese businesses and policymakers implement climate policies and sustainability roadmaps effectively. This includes guidance on integrating climate considerations within economic development plans and disaster preparedness strategies, as well as aligning Vietnam's policies with regional cooperation frameworks like the Asia Zero Emission Community.

Standard Chartered is also actively engaged in Vietnam's evolving carbon market landscape. The bank has signed memorandums to facilitate emissions trading and offset mechanisms, helping enterprises and policymakers navigate and capitalise on these market instruments to reduce carbon footprints.

For ESG advisory, Standard Chartered provides environmental, social, and governance advisory services to businesses in Vietnam. This service helps companies understand and implement ESG best practices, preparing them for increased investor expectations and regulatory standards.

The bank's efforts in Vietnam are associated with the Just Energy Transition Partnership (JETP), which supports the country's shift to cleaner energy. Standard Chartered works with government agencies, IPG, and GFANZ members to help move JETP projects from proposal to financing and implementation.

In May 2025, 25 project proposals under JETP were submitted for further resource mobilization, with eight selected and three already progressing significantly. This demonstrates the bank's commitment to supporting Vietnam's low-carbon transition.

Vietnam has made significant progress in reducing corporate emissions and focusing on renewable energy, climate resilience, and carbon markets compared to many Southeast Asian countries. Effective implementation of the Green Taxonomy, particularly alignment with global standards, is important to unlock international capital and encourage green projects.

Vietnam is part of the Asia Zero Emission Community, a regional platform promoting cooperation among countries working towards carbon neutrality. Bridging the financing and advisory gap for this transition is crucial, and Standard Chartered is helping with sustainable finance programmes, carbon market support, and ESG advisory services.

Nguyen Thuy Hanh, CEO and Head of Coverage at Standard Chartered, discussed the bank's role in advancing Vietnam's shift to a low-carbon, climate-resilient economy. In 2024, Vietnam updated its National Adaptation Plan to focus on growing climate risks and resilience measures, demonstrating the government's commitment to embedding climate considerations into economic development and disaster preparedness.

Standard Chartered signed a memorandum of understanding with the Ministry of Agriculture and Environment in 2023 to support knowledge sharing and capacity building in Vietnam's carbon market development. The bank's initiatives are helping Vietnam progress towards its goal of reaching net-zero emissions through the development of climate policies, sustainability roadmaps, and regional cooperation.

[1] Standard Chartered Press Release, [Title], [Date]. [2] British Chamber of Commerce in Vietnam, [Title], [Date].

1. Standard Chartered's role in Vietnam's low-carbon transition involves financing projects that promote renewable energy, climate resilience, and sustainability.
2. The bank offers advisory services to help Vietnamese businesses and policymakers implement climate policies effectively, guiding them on integrating climate considerations into economic development and disaster preparedness plans.
3. In the carbon market sector, Standard Chartered is facilitating emissions trading and offset mechanisms, helping enterprises and policymakers capitalize on these market instruments to reduce carbon footprints.
4. The bank's ESG advisory services help Vietnamese businesses understand and implement ESG best practices, meeting increased investor expectations and regulatory standards.
5. Standard Chartered's efforts in Vietnam align with the Just Energy Transition Partnership (JETP), supporting the country's shift to cleaner energy and moving JETP projects from proposal to financing and implementation.
6. Effective implementation of the Green Taxonomy, particularly alignment with global standards, is important to unlock international capital and encourage green projects in Vietnam.
7. As part of the Asia Zero Emission Community, Standard Chartered is endeavoring to bridge the financing and advisory gap for this transition, offering sustainable finance programmes, carbon market support, and ESG advisory services.
8. Nguyen Thuy Hanh, CEO and Head of Coverage at Standard Chartered, has discussed the bank's role in advancing Vietnam's shift to a low-carbon, climate-resilient economy, highlighting the government's commitment to embedding climate considerations into economic development and disaster preparedness.
9. In 2023, Standard Chartered signed a memorandum of understanding with the Ministry of Agriculture and Environment to support knowledge sharing and capacity building in Vietnam's carbon market development, furthering the country's progress towards its goal of reaching net-zero emissions through the development of climate policies, sustainability roadmaps, and regional cooperation.

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