Against the backdrop of Vietnam's strong commitments and actions to transition to sustainable development, VietinBank, in collaboration with its strategic partner - MUFG Bank (Japan), organized the MUFG NOW (Net Zero World) Vietnam 2025 seminar, themed "Sustainable Innovation Strategies Towards a Green Breakthrough".
The event was attended by representatives from the Japanese Embassy, the State Bank of Vietnam, the Vietnam Banking Association, representatives from international organizations, and nearly 150 representatives from leading businesses with a strong commitment to sustainable development. The seminar facilitated networking, discussion, and sharing of trends, practices, and experiences in sustainable development domestically and regionally, specifically in manufacturing, renewable energy, and supply chains, thereby exploring advanced strategies and trends shaping Vietnam's green future.
As a key bank in the economy , VietinBank participated in the event and demonstrated its commitment to sustainable development in accordance with international standards and Vietnamese regulations, as well as its commitment to working alongside the Government and organizations in addressing environmental and social issues.
VietinBank's Green Journey
Starting in 2011 with its partnership with IFC, VietinBank has gradually integrated ESG principles into its operations, governance, and product design. Green financial solutions such as the VND 5,000 billion Green Up preferential credit package and the Green Deposit product not only demonstrate the bank's commitment to sustainable development but also open up opportunities for businesses to access green capital.
Mr. Le Thanh Tung, a member of the Board of Directors of VietinBank, emphasized that ESG is not just a trend, but a commitment, a mindset, and a practical action. |
VietinBank has also developed a Sustainable Finance Framework to provide specific guidance for financing and managing the Bank's sustainable development financing. VietinBank's Sustainable Finance Framework has been assessed by an independent third party, Morningstar Sustainables, as "credible and having a significant impact" on sustainable development.
Furthermore, VietinBank is building a comprehensive ESG ecosystem, supporting businesses not only with capital but also with consulting and technical solutions. The bank is proud to be a pioneer in implementing green credit policies in line with the direction of the Government and the State Bank of Vietnam. VietinBank has also been honored as a leading bank in green credit by the International Data Group (IDG).
Partnering with MUFG amplifies positive impact.
VietinBank and MUFG have enjoyed a 12-year strategic partnership, contributing to the development of the Vietnamese banking industry in particular, and the economic, cultural, and social cooperation between Vietnam and Japan in general. Besides business cooperation, the two banks have also collaborated on numerous social welfare activities, contributing to the community and sustainable development.
VietinBank will continue to expand cooperation with domestic and international partners to become a bridge for spreading ESG within the business community. |
At the 28th Conference of Parties to the United Nations Framework Convention on Climate Change (COP28), in the presence of Prime Minister Pham Minh Chinh, VietinBank signed a Memorandum of Understanding with MUFG to cooperate in promoting ESG and sustainable development in Vietnam. This agreement aims to secure up to US$1 billion in funding for sustainable development projects that bring environmental and social benefits and promote the circular economy.
The partnership with MUFG – a leading Japanese bank with a global network spanning over 40 markets, a comprehensive product range meeting customer needs, and a pioneer in sustainable finance – helps VietinBank refine its strategy and develop sustainable financial products tailored to Vietnam's economic characteristics, thereby spreading sustainable values to a wider community of corporate customers.
The event attracted a large number of representatives from pioneering businesses with a strong commitment to sustainable development. |
With a powerful message at the event, Mr. Le Thanh Tung, Member of the Board of Directors of VietinBank, emphasized: “ESG is not just a trend, but a commitment, a mindset, and a practical action. Financial institutions are the driving force behind the green transformation of the economy, and proof that business development and sustainable development can absolutely go hand in hand.”
VietinBank is committed to continuing to expand cooperation with domestic and international partners, especially strategic partner MUFG, to become a bridge for spreading ESG to the Vietnamese business community. “VietinBank believes that by acting together, we can create the strength to overcome challenges and contribute to building a greener, more sustainable, and better future,” Mr. Le Thanh Tung concluded at the event.
Quynh Mai
Source: https://congthuong.vn/vietinbank-dong-hanh-cung-mufg-thuc-day-tai-chinh-ben-vung-tai-viet-nam-384233.html
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