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Friday, November 15, 2024

Home Business Climate investment opportunities in Vietnam to reach $757b by 2030

Climate investment opportunities in Vietnam to reach $757b by 2030

by News desk
September 24, 2023
in Business

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Vietnam’s climate investment opportunities will reach up to 757 billion U.S. dollars by 2030, focusing on renewable energy, green construction, energy efficiency and transportation, according to the latest statistics of the International Finance Corporation (IFC).

Vietnam’s climate finance sector is still facing significant challenges in ensuring a strong alignment between major investment opportunities and environmental goals, Vietnam News Agency reported on Friday, citing Allen Forlemu, IFC’s regional industry director for Financial Institutions Group, Asia and Pacific.

He proposed changing the way banks operate and transitioning to sustainability.—APP