Hanoi, May 21 -- The State Bank of Vietnam (SBV) on May 21 launched the Environmental and Social Risk Management System (ESMS) Handbook in Credit Granting Activities.

The handbook, developed by the SBV in partnership with the International Finance Corporation (IFC), based on international standards, provides credit institutions with practical guidance for building and operating effective risk management systems aligned with environmental, social, and governance (ESG) principles - an essential step toward sustainable finance in Vietnam.

Deputy Governor of the SBV Dao Minh Tu said that the handbook is a practical reference document, helping credit institutions strengthen risk management according to best international practices, contribut...