BIDV and Hanoi Transport Corporation (Transerco) signed a Memorandum of Understanding (MoU) to accelerate the implementation of green transportation projects.

Under this agreement, BIDV will provide Transerco with modern financial solutions, prioritizing funding for projects focused on green energy-powered vehicles, contributing to Vietnam’s Net Zero commitment. Notably, BIDV will support Transerco in executing the "Conversion of bus fleets to electric and green energy vehicles for the 2024–2035 period" initiative, which aims to replace all diesel buses with electric ones.

Speaking at the signing ceremony, BIDV’s Chief Executive Officer Mr. Le Ngoc Lam stated that sustainable development remains a core objective in the bank’s operations. With the vision of “Pioneering to create sustainable values”, BIDV pursues a strategy to position itself as a green bank. Through this MoU, BIDV aims to foster a strong and effective partnership with Transerco, accelerating the transition to a greener transportation system and generating long-term value for the community. This cooperation also aligns with Vietnam’s National Green Growth Strategy through 2030, with a vision toward 2050. Additionally, BIDV will offer Transerco a diverse range of financial services, particularly in the digitalization and automation of cashless payment solutions.

Transerco’s CEO Mr. Nguyen Thanh Nam emphasized that as a key player in Hanoi’s public transport sector, the corporation has gradually transitioned to electric and green energy-powered vehicles. With BIDV’s support, Transerco is confident in successfully implementing its transition roadmap, contributing to a modern and environmentally friendly public transportation system.

The signing of the MoU between BIDV and Transerco reaffirms both businesses’ commitment to strengthening the partnership in this new phase while jointly fostering a green economy. This collaboration is expected to generate significant benefits, including reducing greenhouse gas emissions, improving urban air quality, and advancing the nation’s sustainable development goals.