Within just over two months of its launch, BIDV's Green Deposit product has garnered substantial interest from enterprises, successfully raising over 5,000 billion VND. This milestone not only affirms BIDV's commitment to becoming a "Green Bank" but also represents a significant advancement in contributing to the nation's sustainable development strategy.

The banking sector plays a crucial role in the national strategy for green growth during the 2021-2030 period, with a vision extending to 2050. In anticipation of the "greening" trend, BIDV is currently implementing international standards to build a Green Bank, notably developing products that promote sustainable development. Building on the success of its Green Bond issuance, BIDV has pioneered the Green Deposit initiative, creating resources for projects aimed at reducing emissions and protecting the environment.

Strong commitment to sustainable development

As one of the leading financial institutions in Vietnam, BIDV acknowledges the responsibility to support the government in fulfilling commitments related to climate change mitigation. As of March 31, 2024, BIDV is one of the largest providers of green credit in the market, with a total outstanding loan balance of VND 73,394 billion, representing 4% of BIDV’s total credit portfolio, covering 2,069 green projects from 1,698 clients. With the Green Deposit product, BIDV commits to utilizing all raised funds to finance green projects (renewable energy, clean energy, and green buildings), contributing to environmental protection and enhancing awareness of sustainable development within the community.

Collaboration from enterprises

Since its establishment, the Green Deposit has attracted significant interest from both domestic and international enterprises. The successful raising of 5,000 billion VND within just over two months demonstrates the strategic vision of participating enterprises towards sustainable development. This success not only enhances the environmental responsibility image and status of the enterprises but also opens up new opportunities for collaboration and development.

The success of the Green Deposit continues to reinforce BIDV's pioneering position in sustainable development and serves as a positive indicator of concrete actions by enterprises towards environmental and sustainable development goals. In addition to serving as a secure investment channel to increase value, Green Financial products, including Green Deposits, help maximize resources for projects benefiting the community and society.

Join BIDV in making a difference for a greener future!

Green Deposits offer flexible terms starting from 6 months. Enterprises utilizing Green Deposits will receive a certificate from BIDV, and BIDV will transparently disclose the projects funded by these deposits in its Annual Report on the official BIDV website (www.bidv.com.vn).