BIDV - The first Vietnamese commercial joint stock bank to become a recognized organization of the Green Climate Fund

On October 28, 2025, BIDV officially became a recognized organization of the Green Climate Fund (GCF). Notably, BIDV is the first joint stock commercial bank in Vietnam to be recognized by GCF as a partner with direct access to the Fund's preferential capital to implement climate finance projects in Vietnam.

BIDV officially submitted its application to become a GCF Accredited Organization from 2023. Over the past 2 years, BIDV has completed its capacity documents and participated in bilateral working programs with GCF within the framework of international forums such as the GCF Asia- Pacific Regional Dialogue (2023), COP28 Conference in Dubai (2023), P4G Summit in Hanoi (2024). At the same time, GCF also organized an in-depth appraisal program to survey BIDV's capacity to manage and implement sustainable finance. Through the appraisal rounds, BIDV not only demonstrated appropriate management capacity, but also demonstrated a strong commitment to climate finance, meeting GCF's strict standards. At the 43rd meeting of the Green Climate Fund, the GCF Council officially recognized BIDV as a GCF Accredited Organization.

Speaking at the event, Ms. Achala Abeysinghe – Director of Investment Services, GCF said

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We are delighted to welcome the Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV ) as an Accredited Institution of the Green Climate Fund (GCF). This new partnership reinforces GCF’s commitment to working with leading national banks and opens up opportunities to expand access to climate finance in Vietnam.

Ms. Achala Abeysinghe – Director of Investment Services, GCF

As a leading bank in promoting sustainable growth, BIDV identifies Green growth as one of the three pillars of the bank's "BIG, STRONG, GREEN" development strategy. In particular, BIDV clearly orients Green transformation in three aspects, demonstrating the role of a leading financial institution in Vietnam: (i) Leading in mobilizing and providing capital for Green transformation, in leading and creating Green transformation; (ii) Pioneering in the Greening process, saving energy - resources, reducing internal emissions; and (iii) Leading and promoting the Green transformation process of customers and partners...

In its long-term development strategy, BIDV clearly defines the goal of becoming a leading "BIG, STRONG, GREEN" financial group in Southeast Asia. In particular, it clearly orients Green transformation in 3 aspects, demonstrating the role of a leading financial institution in Vietnam: (i) Leading in mobilizing and providing capital for Green transformation, in leading and creating Green transformation; (ii) Pioneering in the Greening process, saving energy - resources, reducing internal emissions; and (iii) Leading and promoting the Green transformation process of customers and partners...

By mobilizing preferential green capital from GCF, BIDV can provide loans with good interest rates for projects to reduce emissions and adapt to climate change. This is a promising start, opening a new era for BIDV in implementing sustainable finance and replicating ESG practices according to international standards, actively contributing to the implementation of the tasks and goals of green growth and sustainable development of the country.

Mr. Le Ngoc Lam - General Director of BIDV - said

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Becoming a Green Climate Fund (GCF) Accredited Institution marks an important milestone in BIDV’s sustainable development journey. As a GCF Accredited Institution, BIDV will have more resources to finance renewable energy projects, increase climate resilience, encourage green innovation in Vietnam, promote a just transition in industries and contribute to improving the lives of vulnerable communities.

BIDV General Director - Le Ngoc Lam

BIDV's efforts to implement sustainable finance have initially achieved remarkable results. As of September 30, 2025, BIDV's Green credit balance reached more than VND 81,000 billion, funding 1,623 customers and 2,143 projects/business plans, accounting for 3.7% of BIDV's total outstanding loans. This result not only reflects BIDV's strong commitment to sustainable finance, but also makes its mark on the market with an increasingly rich and effective ecosystem of sustainable financial products. With the leading green credit market share in Vietnam, BIDV has enough potential to effectively support the implementation of GCF's mission and climate goals in Vietnam.

Green Climate Fund (GCF)

The Green Climate Fund (GCF) is the world's largest climate finance fund established under the Paris Agreement, tasked with supporting developing countries to mobilize and realize their Nationally Determined Contributions (NDCs), towards a low-emission and climate-resilient development model. To date, the Fund has received a total commitment of 30 billion USD from 51 member countries, of which Vietnam pledged 1 million USD at the COP21 Conference in 2015 and will make its contribution in 2020.

GCF implements its activities through cooperation with a diverse network of accredited Organizations, including government agencies, multilateral financial organizations and Institutions such as World Bank, IFC, UNDP, ADB, EIB, AFD… and banks such as HSBC, Deutsche Bank, KDB, MUFG, SMBC…

Source: https://bidvinfo.com.vn/bidv-ngan-hang-tmcp-viet-nam-dau-tien-tro-thanh-to-chuc-duoc-cong-nhan-cua-quy-khi-hau-xanh-10012298.html