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| Checking coffee products at Lacote Vietnam Production and Export Company Limited (Gia Kiem commune). Photo: Van Gia |
Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development requires promoting the development of green credit, the State has a mechanism to support interest rates and encourage credit institutions to reduce interest rates for private enterprises to borrow to implement green projects, circular projects and apply the environmental, social and governance (ESG) framework. The problem is that the current mechanisms and policies for this field still have many barriers that need to be removed.
Lack of resources for transformation
Starting a business with a coffee production model, Mr. Dinh Thanh Thien, Director of Lacote Vietnam Production and Export Company Limited (Gia Kiem Commune), said: For small and medium enterprises, capital for production and business is always difficult. In particular, the resources for building factories, facilities and raw materials for production are very large. Small and medium-sized start-ups, although having sustainable production ideas, do not meet the criteria to borrow capital from banks.
“If we have to rent land and build a factory, it will cost a lot. In addition, the price of raw materials such as coffee that we have been importing in recent years has skyrocketed, thus limiting the opportunity for transformation and sustainable development of the business,” Mr. Thien shared.
Enterprises need to strengthen the implementation of ESG standards on environment, society, and corporate governance. This is not only a condition and opportunity to access credit, but also a long-term strategy for sustainable development.
According to Mr. Ngo Thanh Binh, Director of Quyet Thang Production Service Trading Company Limited (Tran Bien Ward), for many years he has been trying to find land suitable for his resources, but he is still not satisfied. His company produces in the field of automation, supplying products with high technology content and machinery for automatic production to partners. The products are good and contribute to helping partners in the process of digital transformation and production automation, but lack of resources and barriers, so sometimes the pace is slow. According to Mr. Binh, the policies put in place need to be implemented effectively and practically so that businesses can benefit.
Dong Nai has many potentials and opportunities to develop enterprises, including start-ups and innovation in production. In fact, there are tens of thousands of small and medium-sized enterprises operating in the province, the production and business situation still faces certain difficulties and many factors are affecting the activities of enterprises. In particular, accessing preferential loans is still difficult. Enterprises have difficulties in meeting the requirements for collateral, credit records and the ability to prove business cash flow... According to enterprises, there are currently not many preferential credit packages specifically for small and medium-sized enterprises in the fields of production, technological innovation or digital transformation and even if they can access them, it is not easy to disburse.
Need to synchronize support solutions
Chairman of Dong Nai Young Entrepreneurs Association Dang Quoc Nghi said: In the short term, it is necessary to lower the ceiling on lending interest rates for small and medium enterprises, especially in the fields of production, export, and supporting industries. The State needs to increase the use of refinancing tools for commercial banks, with the condition of prioritizing loans for actual production and business. At the same time, banks should be encouraged to adjust flexible repayment terms, supporting enterprises in restructuring cash flow. In the long term, a credit guarantee fund is needed to support small and medium enterprises without collateral to have feasible business plans.
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| Dong Nai enterprises visit products of a supporting industry enterprise in Ho Nai ward. Photo: Van Gia |
In the banking sector, there are units implementing green credit lending programs. For example, at the Joint Stock Commercial Bank for Foreign Trade of Vietnam ( Vietcombank ), from April 1, it has implemented a 10 trillion VND preferential loan package for small and medium enterprises producing according to green standards, with loan interest rates starting from only 4.2%/year for short-term loans under 12 months. The program will be implemented until March 31, 2026 or until the scale is exhausted. Enterprises need to have one of the appropriate certificates from domestic and international organizations such as: VietGAP, GlobalGAP, ISO 22000, HACCP, GMP...
At the seminar "Promoting the implementation of the banking sector's action plan to implement the National Strategy on Green Growth for the 2021-2030 period" organized by the State Bank in May 2025, Permanent Deputy Governor of the State Bank of Vietnam Dao Minh Tu said: The banking sector has issued directives to promote green growth, requiring the integration of environmental and social risk management in credit granting activities. However, Mr. Tu also admitted that this program still faces many difficulties. The legal framework is not complete, appraisal tools are limited, payback period is long, access to international green financial resources is low...
Therefore, perfecting the legal framework and mobilizing resources for green credit is very important. The State Bank will manage reasonable credit growth, prioritizing green production and circular economy; review and perfect the legal framework for green credit, and support small and medium enterprises to access capital in this field.
Van Gia
Source: https://baodongnai.com.vn/kinh-te/202508/go-vuong-tin-dung-xanh-cho-doanh-nghiep-cda25d9/
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