From October 20 to 25, 2025, in Ho Chi Minh City, the Innovation, Green Transition and Industrial Promotion Agency (Ministry of Industry and Trade – MOIT), in collaboration with the World Bank (WB), continued to organize two capacity-building training programs for participating financial institutions of the Project “Vietnam Scaling Up Energy Efficiency for Industrial Sector” (VSUEE). The programs followed the earlier training course held in Hanoi at the end of September, aiming to expand outreach to banks and financial institutions in the southern region.
Strengthening capacity – Linking the financial system with national energy efficiency goals
Training program for participating financial institutions of the VSUEE Project in Ho Chi Minh City.
As Vietnam accelerates its energy transition and moves toward a low-carbon economy, the role of financial institutions has become increasingly critical. They are not only providers of capital but also strategic partners helping industrial enterprises access green credit and realize energy efficiency (EE) projects.
The VSUEE Project, funded by the Green Climate Fund (GCF) through the World Bank, has established the Risk Sharing Facility (RSF) mechanism as an innovative financial model designed to support commercial banks in mitigating risks when lending to EE projects. This mechanism enhances enterprises’ access to capital, especially small and medium-sized enterprises (SMEs), thereby promoting the sustainable development of the energy efficiency investment market.
In the context that the amended Law on Using Energy Efficiency and Conservation will officially take effect on January 1, 2026, strengthening the capacity of banking and financial institution officers has become an urgent requirement. The new law introduces a mechanism for the Energy Efficiency and Conservation Promotion Fund, providing a vital legal framework to mobilize social resources, particularly green credit for investment in this field.
The two training programs in Ho Chi Minh City focused on consolidating professional knowledge, technical and financial assessment skills, and analytical thinking for officers from financial institutions currently or soon to be involved in implementing the VSUEE Project.
The core contents of the training included: An overview of the VSUEE Project and the energy efficiency market in Vietnam, including investment trends, the ESCO business model, and the Risk Sharing Facility (RSF) mechanism; Financial and technical appraisal skills for EE projects, focusing on cost–benefit analysis, cash flow identification, and long-term investment performance evaluation; Application of measurement, reporting, and verification (MRV) tools to assess the effectiveness of energy savings, environmental and social impacts, and overall project sustainability.
Participants are officers from commercial banks, credit institutions, and project implementation units who actively joined group discussions, case studies, and knowledge exchange sessions with energy and finance experts from the VSUEE Project. Through these sessions, they gained a deeper understanding of the financial structures, technical risks, and profitability potential of EE projects, while learning how to assess green credit and manage sustainable investment portfolios.
Building the foundation for the growth of the green credit market
The training programs in Ho Chi Minh City not only updated knowledge but also served as an important bridge between the financial and energy sectors, fostering a cooperative network between financial institutions and industrial enterprises.
Through these programs, banks have strengthened their capacity in project appraisal and monitoring, enabling them to participate more actively in the green finance market. This, in turn, contributes to promoting the spread of energy efficiency investments across the southern region, home to many energy-intensive industries.
| The training programs for financial institutions fall under Component 2: Technical Assistance of the VSUEE Project. They are designed to equip financial institution officers with enhanced professional capacity to identify, appraise, and evaluate EE projects effectively, thereby ensuring the successful implementation of the Risk Sharing Facility (RSF) and fostering a sustainable, green, and energy-efficient investment market. |
VSUEE Project Management Board..