Ho Chi Minh City needs $34bn for green transition over next decade
Ho Chi Minh City will need about VND900 trillion (US$34 billion) over the next 10 years to finance its green-transition program, economist Tran Du Lich told an economic forum in the city this week.
Lich cited a draft plan for 2026–35 prepared by the Ho Chi Minh City Institute for Development Studies and VinUni University, which estimates annual funding needs at nearly $4 billion.
Deputy Minister of Finance Do Thanh Trung told the forum that the government has been expanding green-finance channels since 2023, including green bonds and green credit.
He said companies and banks such as Vingroup, BIM Group, and BIDV had issued about $1.2 billion in green bonds by the end of 2024.
Outstanding green credit has reached about VND700 trillion ($26.5 billion), reflecting rising demand for environmentally focused investment, Trung said.
He added that the finance ministry is drafting the 2026–30 public-investment plan, which will allocate support for Ho Chi Minh City in green transport, environmental protection, and climate-adaptation projects.
The ministry is also working to deepen the government bond market and update transparency and listing rules to encourage corporate bond issuance, particularly green bonds.
By Bao Anh & Cong Trieu – Tuoi Tre News – November 28, 2025