ASEAN Case Studies#
Case studies provide practical learning opportunities through real-world examples from the ASEAN green finance landscape.
Case Study Framework#
Learning Objectives#
Each case study should:
- Illustrate a core concept from the curriculum modules
- Contextualize green finance in ASEAN markets
- Challenge students to analyze and propose solutions
- Connect theory to practice
Structure Template#
| Section | Content | Length |
|---|---|---|
| Background | Company/project context | 1-2 pages |
| Challenge | Problem statement | 0.5 page |
| Data | Financial/ESG data tables | 1-2 pages |
| Questions | 3-5 discussion questions | 0.5 page |
| Teaching Notes | Instructor guidance (separate) | 2-3 pages |
Case Studies by Country#
Vietnam 🇻🇳#
| Case | Module | Topic |
|---|---|---|
| VCB Green Bond | 4 | First Vietnamese bank green bond issuance |
| EVN Solar Transition | 3, 4 | Renewable energy project financing |
| JETP Implementation | 1, 5 | Coal plant early retirement financing |
| Mekong Delta Resilience | 3 | Climate adaptation infrastructure finance |
| SME Green Lending | 2, 4 | Green credit program for SMEs |
Thailand 🇹🇭#
| Case | Module | Topic |
|---|---|---|
| PTTEP Sustainability Bond | 4 | Energy company sustainability-linked bond |
| BCG Tourism Finance | 1, 4 | Sustainable tourism infrastructure |
| Thai Green Taxonomy | 1, 5 | Activity classification challenges |
| Rice Value Chain | 2, 4 | Agricultural sustainable finance |
| EV Transition Fund | 3, 4 | Automotive transition financing |
Philippines 🇵🇭#
| Case | Module | Topic |
|---|---|---|
| BPI Green Bond | 4 | Philippine bank green bond framework |
| RCBC Climate Bonds | 3, 4 | Climate-aligned bond issuance |
| Typhoon Resilience Fund | 3 | Disaster risk financing |
| Green Microfinance | 2, 4 | MSME green lending programs |
| Solar Rural Electrification | 1, 4 | Off-grid renewable financing |
Sample Case: VCB Green Bond#
Background#
Vietcombank (VCB), Vietnam’s largest commercial bank by market cap, issued its first green bond in 2023. The $250 million issuance funded:
- Renewable energy projects (60%)
- Green buildings (25%)
- Clean transportation (15%)
Challenge#
Analyze VCB’s green bond framework and evaluate:
- Alignment with ICMA Green Bond Principles
- Use of proceeds categories and eligibility criteria
- Impact reporting quality
- Potential greenwashing risks
Discussion Questions#
- How does VCB’s framework compare to ICMA GBP requirements?
- What additional sectors should VCB consider for future issuances?
- How could VCB improve its impact reporting?
- What role does the second party opinion play?
- How does this issuance contribute to Vietnam’s green finance goals?
Case Study Development Process#
For Partner Universities#
- Identify relevant local examples
- Research using public information (annual reports, bond frameworks)
- Draft following template structure
- Review with industry contact if possible
- Submit for peer review and inclusion
Submission Guidelines#
Contributing Case Studies
Partner universities are encouraged to develop and share case studies:
- Submit drafts to WP3 lead (University of Twente)
- Include teaching notes
- Update annually with new data
- Credit local industry partners where appropriate
External Case Repositories#
International Sources#
Sustainable Finance Specific#
(c) GREEN FINANCE Consortium 2026