BIDV was honored with the “Best Sustainable Bond Vietnam 2024” award by Global Banking and Finance Review (GBFR). This marks the second time BIDV has received a bond accolade from GBFR.

The award recognizes BIDV's bonds in Vietnam, reaffirming the commitment to sustainable finance in support of the national green transition strategy. 

BIDV has embedded the goal of “towards sustainable development” in its business strategy for the 2021-2025 period, with a vision to 2030. With the message “pioneering in creating sustainable value,” BIDV pursues a strategy to position itself as a green bank, aiming to lead the market in ESG practices and sustainable finance, gradually aligning with international standards for green finance, and becoming a net-zero bank by 2045.

During 2023-2024, through two successful bond issuances, BIDV mobilized VND5,500 billion (approximately USD220 million) in green bonds and sustainable bonds, maintaining its position as the leading credit institution in ESG bond issuance in the domestic market. The World Bank provided technical support for both issuances, including developing a bond framework, establishing project eligibility criteria, issuing external review opinions, disclosing information, and advising on implementation plans to best meet market expectations.

From these proceeds, BIDV has implemented preferential green credit programs for priority sectors such as renewable energy, clean energy, low-carbon production and consumption, and climate change adaptation.

As of Q3 2024, BIDV’s green outstanding loans reached VND75,100 billion (USD3 billion), accounting for approximately 3.9 percent of BIDV’s total outstanding loans and around 11.3 percent of the total green outstanding loans in the economy. BIDV plans to continue growing its green loan portfolio and proportion, striving to maintain its position as one of the leading banks in the share and scale of green credit in Vietnam.