Vietnam must make greater efforts in shifting green capital flows
International financial institutions such as the Asian Development Bank (ADB), the International Finance Corporation (IFC), the World Bank (WB), and HSBC are increasingly supporting Vietnam in its progress towards a green economy and shifting green capital flows. These organizations all appreciate the efforts of the Vietnamese Government but have also made policy and strategic recommendations for the future. In particular, a clear legal and policy framework is the leading measure to promote development and investment in sustainable technologies and projects. Incentives are also an important factor in driving participation, as green and sustainable projects often have a medium to long-term horizon with significant risks that may be beyond the risk tolerance capacity of financial institutions.