The award recognizes BIDV 's pioneering spirit, high level of trust in its capacity and reputation in the capital market when successfully issuing VND 2,500 billion worth of bonds in compliance with the green bond principles of the International Capital Market Association - ICMA, making BIDV the pioneer bank in issuing green bonds according to international principles in Vietnam.

Recognizing the role and significance of sustainable growth and green economy for the overall Vietnamese economy, right from the time of building the business strategy for the period 2021 - 2025 with a vision to 2030, BIDV has set the goal of "aiming towards sustainable development" as a consistent goal in banking operations, making green credit and green financing a priority in the development strategy. In order to increase funding sources for green and sustainable projects, BIDV has identified green bonds as an important capital mobilization channel and BIDV has focused resources on early implementation.

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BIDV's green bond issuance is implemented based on the green bond framework with 4 pillars on Use of capital raised from bond issuance; Project evaluation and selection process; Management of capital raised from bond issuance; and Post-issuance reporting regime. BIDV's green bond framework has been independently assessed by Moody's International Ratings and scored at SQS2 (very good), thereby confirming BIDV's high level of compliance and transparency in issuing and post-issuance management of bonds, ensuring that green bond capital is used for the committed purposes.

By the end of the third quarter of 2023, BIDV is one of the banks with the highest green credit balance in the system with a loan scale of nearly VND 71,000 billion, accounting for about 5% of total outstanding loans, an increase of 11% compared to 2022. In particular, the clean energy and renewable energy sector accounts for 86% of total green debt with 1,600 projects of 1,300 customers, the rest are in the fields of environmental protection and restoration, water management, green agriculture , waste treatment, etc.

Not only is BIDV a pioneer in deploying new and modern financial products, it is also a pioneer in creating and developing the domestic bond market and is the leading bond issuer in the market with a total issuance scale in the period 2018-present reaching nearly 115,000 billion VND. Along with the above awards, BIDV has also been awarded by prestigious international magazines such as The Asset, FinanceAsia... as the Best Bond Issuing Organization and Best Bond Issuance Consulting Organization in Vietnam.

Global Banking and Finance

Global Banking & Finance Review is the UK's leading international magazine, providing independent perspectives and comprehensive information in the international banking and finance community, with a large readership worldwide. The award organized by the Magazine in 2023 attracts the participation of many leading banks and financial institutions in the Asia-Pacific region, evaluated based on a comparison between the leading candidate banks in each country.

Thanh Ha