Recently, The Asset magazine (Hong Kong) awarded the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) two prestigious awards: "Best issuer for sustainable finance in Vietnam 2024" and "Best Green Bond in Vietnam 2024." These awards are in the Sustainable Finance category under The Asset magazine's Tripple A Awards system.

The awards not only recognize BIDV's high creditworthiness and reputation in the capital market but also its pioneering spirit. BIDV has successfully issued VND 2,500 billion worth of bonds that adhere to the International Capital Market Association (ICMA) 's green bond principles, making it the first bank to issue green bonds following international principles in Vietnam.

BIDV's bond issuance was also the first green bond issuance in Vietnam with an unsecured structure, not a subordinated debt, and without the need for payment guarantees, reflecting the high level of credibility in the issuer's capabilities and reputation. BIDV's Green Bond Framework has been independently assessed and rated at SQS2 (very good) by Moody's, confirming BIDV's high level of compliance and transparency in the issuance and post-issuance management of the green bonds, ensuring that the use of green bond proceeds for the committed purposes.

At COP 26, Prime Minister Pham Minh Chinh committed that Vietnam will achieve net zero emissions by 2050. To fulfill this commitment, the Government has issued the National Strategy for Green Growth for 2021 - 2030, with a vision to 2050. In the trend of global and national green development, BIDV believes that Green Bonds will be a necessary capital channel with excellent growth potential in Vietnam to support the provision of adequate investment capital for enterprises, especially foreign capital. Therefore, BIDV has early focused on researching and implementing the issuance of Green Bonds. BIDV has a clear strategy for developing green banking and credit related to the requirement to promote green credit growth and manage environmental and social risks (ESG) in lending activities. It is also ready to finance customers operating in low-carbon and climate-adaptive sectors. Green bond capital will be an effective tool to enhance the implementation of this strategy. BIDV expects that the pioneering issuance of green bonds following international standards will inspire other institutions to join in building a green, robust, and sustainable future.

BIDV is a pioneering financial institution that introduces new, modern financial products and has always been at the forefront of establishing and developing the domestic bond market. BIDV is the leading bond issuer in the market, with a total issuance volume of nearly 115,000 billion VND from 2018 to the present. In addition to the two awards mentioned above, BIDV has also been recognized by many prestigious international magazines, such as FinanceAsia, The Global Banking and Finance, as the Best Bond Issuer and Best Bond Arranger in Vietnam.

The Asset is a leading Asian financial magazine with over 20 years of experience ranking and evaluating financial institutions. The magazine's assessment council reviewed the Tripple A Awards based on various independent, transparent, and objective criteria.