HSBC has launched a dedicated credit facility of $4 billion for mainland China companies in the clean energy and low-carbon sectors, with Vietnam identified as a key destination for the initiative.

In a statement on Monday, HSBC said the Sustainability and Transition Credit Facility will offer financing to eligible businesses across clean power, transport electrification, data centers, and artificial intelligence (AI). HSBC will extend credit limits for eligible companies, streamline credit approvals, and develop tailored financial solutions to meet individual business needs.

Vietnam presents a particularly significant opportunity within the initiative, according to HSBC. Renewables accounted for 27.9 percent of the country’s total installed power capacity in 2025, while EV sales penetration reached approximately 40 percent, also the highest ratio in the ASEAN. Another advantage is the government’s power development plan VIII (PDP VIII) for over $134 billion in investment in power generation and transmission by 2030.

China accounts for around 47 percent of global cleantech exports and roughly two-thirds of global solar and battery exports. Global EV sales are expected to reach 26 million in 2026, while electricity consumption from data centers is projected to nearly double from 485 TWh in 2025 to 945 TWh by 2030.

Tim Evans, CEO and Head of Banking at HSBC Vietnam, said Vietnam’s rapid EV adoption, ambitious power development targets, and growing openness to foreign investment make it a compelling destination for Chinese clean energy companies looking to expand internationally.

Natalie Blyth, Global Head of Sustainable Finance and Transition at HSBC, said the facility is designed to support China’s most dynamic low-carbon companies as they scale globally, providing the financial expertise and reach needed to navigate international growth opportunities.

HSBC launches $4B credit facility supporting global expansion of China’s low carbon industries