The Green Credit Trust Fund (GCTF) was established based on the initiative of the Swiss State Secretariat for Economic Affairs (SECO), which aims to support technology innovation. The objective of the Green Credit Trust Fund is to promote long-term investments in cleaner technology.
Many of SMEs in Vietnam are facing difficulties in capital mobilization and deposit assets for approaching credit loans at commercial banks. Those difficulties hold back SMEs’ motivation from investment for cleaner technologies.
GCTF serves as a financial support measure for SMEs in Vietnam to be more determined to replace existing obsolete equipment and technology by advanced ones.