BIDV & FPT Sign Memorandum of Understanding to Promote Green Finance and Green Transition for Vietnamese Businesses

Recently, FPT Group and the Bank for Investment and Development of Vietnam (BIDV) signed a Memorandum of Understanding (MoU) to implement an automated greenhouse gas (GHG) inventory and management solution for enterprises – a pioneering initiative in Vietnam. This collaboration aims to help businesses optimize emission inventory processes, reduce carbon footprints, comply with domestic and international regulations, enhance competitiveness, and expand access to sustainable investment capital.

FPT and BIDV sign an MoU to implement a greenhouse gas inventory and management solution for BIDV’s corporate clients.

Specifically, BIDV and FPT are building a comprehensive ecosystem that integrates green finance with digital technology. They will jointly implement and provide digital solutions for GHG inventory, reporting, and management through the VertZéro software – developed by FPT – offered to BIDV’s corporate clients in a free Software-as-a-Service (SaaS) model for up to six months, covering Scope 1 and 2 emissions. This partnership comes at a crucial time, demonstrating BIDV and FPT’s strong commitment to supporting Vietnamese businesses in their green transition. Out of the 2,166 facilities required by the Vietnamese government to conduct GHG inventories, more than 500 are currently BIDV clients.

After the free trial period, businesses will receive incentives if they continue using the service, including a 15% discount on industry-specific software customization costs and up to a 25% discount on first-year maintenance fees. Additionally, businesses will receive consulting and training from experts with deep knowledge of global green transition practices. They will also have access to the VertZéro solution—the first automated carbon accounting in Vietnam—aligned with international standards such as IPCC, GHG Protocol, and ISO14064. This software enables Scope 1 and 2 GHG inventory and the development of effective emission reduction strategies.

VertZéro is currently Vietnam’s leading GHG inventory solution, helping businesses automate data collection, calculation, and carbon emission reporting according to international standards. Operated under a SaaS (On-cloud) model, VertZéro enables precise calculations of Scope 1 and 2 emissions while providing data analysis tools for effective reduction planning. Leveraging AI and Optical Character Recognition (OCR) technology, this solution helps businesses save time, minimize errors, and gradually meet Environmental, Social, and Governance (ESG) standards.

Mr. Tran Long, Bank for Investment and Development of Vietnam (BIDV), speaks at the event.

Speaking at the event, Mr. Tran Long, Deputy General Director of BIDV, emphasized: “Through this partnership, BIDV and FPT aim to support Vietnamese enterprises in their green transition journey, helping them meet international standards and contribute to Vietnam’s commitment to achieving Net Zero by 2050.”

Mr. Dao Hong Giang, FPT Group, commits to supporting BIDV in helping businesses achieve a green transition.

From FPT’s side, Mr. Dao Hong Giang – Executive Vice President and Director of Finance & Banking Sector at FPT IS – reaffirmed:  “As a strategic partner to many enterprises, we not only provide consultancy but also implement comprehensive solutions that optimize operations and drive sustainable growth. We believe that integrating technology into ESG practices will not only help businesses comply with international regulations but also create long-term value and enhance competitiveness in the era of green economics. The collaboration between FPT and BIDV will pave the way for a new approach that combines technology and green finance, enabling businesses to optimize sustainable development strategies and strengthen market competitiveness.” 

As regulatory pressures on emissions continue to grow domestically and internationally, many Vietnamese businesses face challenges in measuring, inventorying, and reducing GHG emissions. Vietnam has committed to reducing GHG emissions through agreements such as the UNFCCC, Kyoto Protocol, and Paris Agreement, along with its pledge to achieve Net Zero emissions by 2050 at COP26. The government has reinforced these goals through legal regulations, notably Decision No. 13/2024/QĐ-TTg issued on August 13, 2024, which mandates GHG inventory reporting for specific sectors and facilities by March 31, 2025. 

At the same time, the global financial system is rapidly shifting towards green credit models, with financial institutions integrating ESG criteria into lending and investment activities. The partnership between FPT and BIDV not only helps Vietnamese businesses meet sustainable development criteria but also provides a competitive advantage for BIDV itself. By maintaining a green credit portfolio and supporting businesses in their ESG journeys, BIDV can improve its credit rating, enhance its ability to attract international financial investments, and contribute to shaping a sustainable financial market in Vietnam.

Over the past three decades (1994–2024), FPT and BIDV have established a strong and extensive partnership, collaborating on major projects such as: implementing a system for managing, issuing, and processing MasterCard payments; developing an ERP financial solution; integrating card systems and related applications with the Core Banking Profile system, and building an import-export ecosystem on the TradeFlat platform.