On 7 October 2021, BIDV and French Development Agency (AFD) held a working session to strengthen cooperation in the implementation of AFD-funded projects in Vietnam, particularly the implementation of SUNREF green credit line on promoting green investments, renewable energy and energy efficiency.

Since 2017, AFD and BIDV have successfully implemented the SUNREF Green Credit Line worth USD100 million. This is the first credit line provided by AFD to a commercial bank in Vietnam as a non-sovereign concessional loan and is acknowledged one among the fastest projects that AFD has implemented.

The working session between BIDV and AFD

In addition, AFD also selected BIDV as the bank to serve many AFD projects such as the “Ialy Hydropower Plant Expansion” project worth EUR74.7 million, “Sesan 4 Solar Power Plant” project worth EUR24.2 million,...

At the working session, Fabrice Richy, former director of AFD Vietnam said: BIDV is a bank with extensive experience and reputation in managing foreign entrusted capital sources and providing comprehensive and modern banking products and services to customers. Over the years, BIDV has always been trusted and chosen by AFD as a re-lending bank, serving AFD's capital sources in Vietnam.

Mr. Herve Conan, new director of AFD Vietnam said: BIDV is one of the leading partners of AFD. In the future, the AFD team will be ready to support and further extend the achievements of BIDV and AFD.

The two sides also agreed to strengthen capabilities and expand the cooperation contents in the next five years on the basis of results achieved in the past period.

Mr. Tran Long - BIDV’s Senior Executive Vice President said: “AFD's financing to Vietnam has supported BIDV's customers to get preferential medium and long-term loans, access to international standards on sustainable development for project implementation. BIDV hopes that the long-term and close cooperation relationship between AFD and BIDV will continue to be promoted in the coming period.” On this occasion, Mr. Tran Long represented BIDV to express sincere thanks to Mr. Fabrice Richy for his contributions. He also extended congratulations to Mr. Hervé Conan as the new director of AFD Vietnam.

A view of “Sesan 4 Solar Power Plant” project

About AFD: The French Development Agency (Agence Française de Développement, AFD) Group is a public entity which finances, supports and expedites transitions toward a more just and sustainable world. In line with French cooperation priorities in Vietnam, AFD is positioning its operations to support the implementation of the Paris Agreement. AFD has been active in Vietnam since 1994 and has financed nearly 100 programs, projects with a total committed ODA of EUR2.1 billion in various sectors such as transport, infrastructure, energy, agriculture, adaptation to climate change,…

For more information, please contact:

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)

Tel: 024. 22205544; Website: www.bidv.com.vn