VietinBank launches Technical Support Activities under the "Enhancing Green Banking Capacity" component.

In the context of the world facing major challenges from climate change, green finance is not only an inevitable trend but also a shared responsibility of financial and banking institutions. Towards the goal of net-zero emissions by 2050, as committed by the Vietnamese Government at COP26, VietinBank – as a leading bank in the economy – officially launches the Technical Assistance Activities under the “Enhancing Green Banking Capacity” component.

This is one of the important activities within the framework of the Technical Assistance Project “Promoting Inclusive Finance and Climate Financing,” managed by the Asian Development Bank (ADB) for the component on green banking and green credit development. PwC Vietnam, a reputable partner in the field of sustainable finance, will collaborate with VietinBank in advising on the implementation of this activity.

Launching the Green Banking Capacity Building Project is an important step towards VietinBank's sustainable development.

This initiative will support VietinBank in: assessing the current situation and identifying gaps compared to global green finance practices; developing a technical support plan to serve the green banking objectives for the coming period; and strengthening internal capacity in green finance through direct technical support and in-depth training. Following the development of the Sustainable Finance Framework (SFF) in line with international green principles, this initiative marks a significant step in VietinBank's journey to realize its goal of "becoming a sustainably developed bank according to international standards," contributing to enhancing the bank's competitiveness in the context of global economic transformation.

Speaking at the event, Mr. Le Thanh Tung, Member of the Board of Directors of VietinBank, emphasized: “This Technical Support activity is not only important in VietinBank's sustainable development journey, but also an opportunity for us to access international knowledge, tools, and experience in green finance. Through this, VietinBank will clearly identify gaps with international practices and develop specific, feasible action plans.”

Over the years, VietinBank has proactively undertaken many activities to support sustainable development, such as financing renewable energy projects, developing preferential financial products to finance projects/plans that benefit the environment and society, launching green deposit products, and researching the issuance of green bonds.

A panoramic view of the project's kick-off ceremony.

VietinBank is committed to mobilizing maximum resources and coordinating closely with relevant parties to ensure the project is implemented effectively, on schedule, and delivers tangible value not only to the Bank, but also to its customers and the economy as a whole.

With the support of ADB and in-depth consulting from PwC Vietnam, VietinBank expects to gradually realize its vision of becoming a sustainable bank according to international standards – making a positive contribution to the nation's green transformation journey.

Source: https://baodautu.vn/vietinbank-khoi-dong-hoat-dong-ho-tro-ky-thuat-thuoc-cau-phan-nang-cao-nang-luc-ngan-hang-xanh-d349918.html