{"id":21257,"date":"2025-05-01T15:22:18","date_gmt":"2025-05-01T08:22:18","guid":{"rendered":"https:\/\/fpt-is.com\/en\/?post_type=goc_nhin_so&p=21257"},"modified":"2025-05-01T16:07:45","modified_gmt":"2025-05-01T09:07:45","slug":"green-credit-programs-of-commercial-banks-in-vietnam","status":"publish","type":"goc_nhin_so","link":"https:\/\/fpt-is.com\/en\/insights\/green-credit-programs-of-commercial-banks-in-vietnam\/","title":{"rendered":"Green credit programs of commercial banks in Vietnam"},"content":{"rendered":"

In the context of Vietnam’s commitment to achieving net zero emissions by 2050, green credit is becoming one of the key financial tools to promote green transformation in the economy. Commercial banks play a key role in shaping capital flows towards sustainability, through providing credit to environmentally friendly projects such as renewable energy, organic agriculture, green buildings or waste treatment.<\/span><\/p>\n

According to the Government Newspaper (2025), green credit in Vietnam has grown significantly, with outstanding green credit reaching nearly VND 564,000 billion by the end of 2023 <\/strong>, accounting for about 4.4% of total outstanding loans in the entire economy. This shows the growing interest from both credit institutions and businesses in green finance activities.<\/span><\/p>\n

However, Vietnam has not yet issued a unified green classification list across the system, causing many difficulties in identifying and evaluating projects eligible for funding (VnEconomy, 2024). Each bank currently has a lending framework, preferential interest rates and specific disbursement conditions depending on the capital situation of each bank.<\/span><\/p>\n

This article will review the banks that are leading in the field of green credit in Vietnam and the sustainable financial products they are implementing to help businesses more quickly access green capital.<\/span><\/p>\n

1. BIDV – Leading the green credit market in Vietnam<\/span><\/h2>\n

1.1. General introduction<\/span><\/h3>\n

The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) was honored at the Vietnam Sustainable Enterprises 2024 (CSI 2024) Award Ceremony, held on November 29, 2024 in Hanoi. The award is a recognition of BIDV’s persistent efforts in integrating sustainable development into its business strategy, as well as its practical contributions to the National Sustainable Development Strategy.\"Green<\/a><\/span><\/p>\n

BIDV General Director Le Ngoc Lam represented the Bank to receive the award.<\/strong><\/span><\/p>\n

Source: BIDV (2024)<\/span><\/p>\n

In its Development Strategy for the period 2021\u20132025, with a vision to 2030, BIDV identifies the core message of \u201cPioneering in creating sustainable values\u201d, taking sustainable development as a consistent orientation. The Bank aims to become the leading financial institution in Vietnam in ESG (Environment \u2013 Society \u2013 Governance) practices and aims for a Net-Zero Bank model by 2045.<\/span><\/p>\n

1.2. The Fusion of Finance & Technology<\/span><\/h3>\n

In February 2025, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and FPT Information System Company (FPT IS) signed a Memorandum of Understanding on cooperation in implementing digital solutions for managing and inventorying greenhouse gas emissions for businesses. The event marked an important step forward in accompanying businesses in implementing digital transformation associated with green transformation, towards sustainable development.<\/span><\/p>\n

Under the agreement, BIDV and FPT IS will jointly deploy the VertZ\u00e9ro platform \u2013 a software solution that helps businesses inventory emissions, build emission reduction roadmaps, and make environmental data transparent. Businesses that are BIDV customers will be supported to use the VertZ\u00e9ro solution for free for the first 6 months, and enjoy discounts of up to 25% in the following phases.<\/span><\/p>\n

Mr. Tran Long \u2013 Deputy General Director of BIDV \u2013 shared: \u201cThrough this cooperation, we hope to accompany businesses in their journey to access green credit, standardize environmental data and improve their ability to comply with international standards on sustainable development. This is the premise for BIDV to be able to disburse green loan packages more effectively in the future.\u201d<\/span><\/p>\n

With the support of FPT IS – a unit with experience in deploying emission measurement platforms according to international standards (ISO 14064, GHG Protocol, PCAF…) – BIDV expects to improve the quality of approval and disbursement of green loans, thereby spreading the spirit of environmental responsibility throughout the corporate customer ecosystem.\"Green<\/a><\/span><\/p>\n

Ms. Do Thi Thanh Huyen – Director of BIDV Wholesale Product Policy Department and Mr. Dao Hong Giang – Director of FPT IS Banking Finance Division – represented the two units to sign the Memorandum of Understanding.<\/strong><\/span><\/p>\n

Source: BIDV (2025)<\/span><\/p>\n

Under the agreement, BIDV and FPT IS will jointly deploy the VertZ\u00e9ro platform \u2013 a software solution that helps businesses inventory emissions, build emission reduction roadmaps, and make environmental data transparent. Businesses that are BIDV customers will be supported to use the VertZ\u00e9ro solution for free for the first 6 months, and enjoy discounts of up to 25% in the following phases.<\/span><\/p>\n

Mr. Tran Long \u2013 Deputy General Director of BIDV \u2013 shared: \u201cThrough this cooperation, we hope to accompany businesses in their journey to access green credit, standardize environmental data and improve their ability to comply with international standards on sustainable development. This is the premise for BIDV to be able to disburse green loan packages more effectively in the future.\u201d<\/span><\/p>\n

With the support of FPT IS – a unit with experience in deploying emission measurement platforms according to international standards (ISO 14064, GHG Protocol, PCAF…) – BIDV expects to improve the quality of approval and disbursement of green loans, thereby spreading the spirit of environmental responsibility throughout the corporate customer ecosystem.<\/span><\/p>\n

As of September 30, 2024, BIDV has granted green credit to 1,680 customers, supporting 2,068 projects, with green outstanding loans reaching VND 75,100 billion, accounting for 11.3% of total green credit outstanding loans of the whole economy and 3.9% of total BIDV outstanding loans.<\/span><\/p>\n

Priority areas for funding include:<\/span><\/p>\n