On 4 July 2025 the Decision No. 21/2025/QĐ-TTg (Decision 21), Regulation on Environmental Criteria and Verification of Investment Projects under the Green Taxonomy, was issued establishing the official framework for classifying investment projects as “green.” Effective from 22 August 2025, this new regulation provides the legal framework for the development of a green finance market – for environmentally sustainable projects.
Decision 21 is a key measure in operationalizing Vietnam’s national strategy on green growth and climate change mitigation.
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