BIDV honored with Top 10 best annual reports

Publish date
18/11/2024

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On 16 November 2024, in Da Lat City, Lam Dong Province, at the Annual Listed Companies Conference 2024, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) was honored with the “Top 10 Best Annual Reports – Financial Sector” award. This marks the second consecutive year BIDV has received this accolade.

Mr. Doan Viet Nam, Senior Executive Vice President of BIDV represents to receive the "Top 10 Best Annual Reports – financial sector" award.

BIDV's 2023 Annual Report, themed "Empowering a Green Future," reaffirms the bank’s position as a leading financial institution in Vietnam. The report highlights BIDV's commitment to fostering a green economy through proactive policies, programs, and transitions toward becoming a green bank.

The report comprehensively integrates information about long-term goals, strategies, business performance, corporate governance under the ASEAN Corporate Governance Scorecard, and environmental and social reports. This approach underscores BIDV's transparency and holistic management. By presenting a focused strategy centered on environmental protection and sustainable development, BIDV has strengthened its reputation and credibility among investors and the public.

BIDV consistently demonstrates its pioneering role and growing contributions to the National Green Growth Strategy to 2030, with a vision to 2050. The bank has established a consistent sustainable development strategy, ensuring effective operations that contribute significantly to Vietnam's green growth objectives. It has focused on restructuring governance frameworks and organizational models to enhance ESG practices, developing a diverse ecosystem of products and services to support green growth, mobilizing green resources, and gradually increasing the share of green credit.

BIDV has recently introduced several frameworks, including the Sustainable Loan Framework, Green Bond Framework, and Sustainable Bond Framework, setting the stage for green credit packages and preferential funding programs for green projects. Additionally, BIDV issued the Environmental and Social Risk Management Framework for trade finance activities, further demonstrating its leadership in supporting global trade, strengthening value chains, and promoting sustainable growth.

With numerous initiatives like funding eco-friendly projects, issuing green bonds, and providing preferential loans to environmentally friendly businesses, BIDV has actively contributed to reducing greenhouse gas emissions and driving the green economy forward.

This prestigious award recognizes BIDV's relentless efforts in enhancing transparency, improving governance efficiency according to international standards, and advancing sustainable development objectives. With a solid foundation and clear strategies, BIDV continues to make its mark as one of Vietnam's pioneering banks in sustainable development, addressing the need for comprehensive growth, environmental protection, and community development.

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