This is the third consecutive time that the Joint Stock Commercial Bank for Foreign Trade of Vietnam ( Vietcombank ) has been honored in the Top 20 enterprises with the best sustainable development index in the market.
Recently, the Ho Chi Minh City Stock Exchange (HOSE) announced the list of stocks that will be part of the Vietnam Sustainability Index (VNSI) in 2025. For the third consecutive time, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) was honored in the Top 20 enterprises with the best sustainable development index in the market.
Financial performance and social responsibility
In 2024, Vietcombank will continue to consolidate its position as the number one bank in Vietnam in terms of quality and operational efficiency, with total assets exceeding VND 2 million billion, profits leading the entire banking industry, and the best asset quality in the system.
This enterprise is also in the group with the largest budget contributions in the country and is the Vietnamese representative with the highest ranking in the Top 1000 largest public enterprises globally, and is also present in the group of 100 banks with the largest capitalization in the world .
Not only making a strong impression on business, Vietcombank also clearly demonstrates its pioneering role in sustainable development. The bank maintains low lending interest rates and implements a series of interest and fee reduction programs to support customers in recovering economically after the pandemic and natural disasters.
During the 2020-2024 period, Vietcombank has spent more than VND 2,300 billion on social security programs, of which VND 571 billion in 2024 alone, focusing on healthcare, education, and housing for the poor and particularly disadvantaged areas.
Pioneer in green finance and ESG practices
In November 2024, Vietcombank became the first bank in Vietnam to issue green bonds in accordance with domestic law and voluntarily comply with the Green Bond Principles issued by the International Capital Market Association (ICMA). This is a strong step forward affirming its leading role in promoting green finance in Vietnam.
By the end of 2024, Vietcombank's green credit balance will reach nearly VND 47,600 billion, an increase of more than 4 times compared to 2020, accounting for 3.3% of total outstanding loans, of which 84.7% is for renewable and clean energy projects.
The bank also promotes digitalization, standardizes sustainable development reports according to international practices (GRI, TCFD), and trains a specialized ESG team, aiming for a comprehensive sustainable banking ecosystem.
Continuing to be in the Top 20 VNSI is not only a recognition of Vietcombank’s efforts but also a clear demonstration of the long-term sustainable development strategy that the bank pursues. This is also Vietcombank’s strong commitment to creating long-term value for shareholders, customers and the community./.
Source: https://baolamdong.vn/vietcombank-vao-top-20-doanh-nghiep-co-chi-so-phat-trien-ben-vung-tot-nhat-thi-truong-383856.html
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