Is it feasible for businesses to borrow capital for green projects with 2% interest rate support?

The above information was presented by Dr. Can Van Luc, member of the Prime Minister's Policy Advisory Council, at the workshop "Green transformation journey and financial - technological solutions" organized by BIDV in Ho Chi Minh City on June 20.

According to Resolution 198/2025/QH15 of the National Assembly on a number of special mechanisms and policies for private economic development, enterprises in the private economic sector, business households, and individual businesses are supported by the state with an interest rate of 2%/year when borrowing capital to implement green, circular projects and apply the environmental, social, and governance (ESG) standards framework.

Dr. Can Van Luc assessed this mechanism as "very attractive". However, for this policy to be effective, it needs to be quickly implemented and a national green transition support fund established, thereby directly supporting 2% interest rates.

Answering the question of a reporter from Nguoi Lao Dong Newspaper about how to make this interest rate support policy effective and reach businesses - avoiding policies that exist but businesses cannot access like the 2% interest rate support package during the COVID-19 pandemic, Dr. Can Van Luc said that this time the mechanism is clearer.

"The support capital will mainly come from the state budget and other resources. Enterprises only need to have projects that are confirmed to meet green criteria by independent organizations to receive support, as long as they ensure transparency, publicity and avoid group interests" - Dr. Luc emphasized.

State Bank data shows that by the end of the first quarter of 2025, outstanding credit for green projects was VND704 trillion, up 3.6% compared to the end of last year. Although outstanding green credit has increased more than 8 times compared to 2015, it only accounts for about 4.3% of the total outstanding credit of the economy.

The demand for capital for green transformation is huge while the mobilization and allocation of resources are still limited. Currently, many commercial banks are promoting green project lending, meeting the needs of businesses, focusing on the fields of clean energy, renewable energy, and green agriculture .

Mr. Tran Long, Deputy General Director of BIDV, said that in addition to providing green financial products and preferential support packages, the bank also continuously expands cooperation with international organizations, technology partners and ESG consultants.

BIDV aims to build a comprehensive support ecosystem, helping businesses transform green effectively and sustainably.

"BIDV is committed to prioritizing capital flows for green economic activities, supporting businesses in building ESG roadmaps through green credit products, consulting services, digital platforms and connecting with a multi-industry partner ecosystem," Mr. Tran Long affirmed.

Source: https://nld.com.vn/doanh-nghiep-vay-von-cho-du-an-xanh-duoc-ho-tro-2-lai-suat-co-kha-thi-19625062015264879.htm