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Four Vietnamese banks join 5.6 trillion USD green banking network

Four Vietnamese banks join 5.6 trillion USD green banking network

(VOVWORLD) - Four Vietnamese commercial banks have joined the International Finance Corporation’s (IFC) Alliance for Green Commercial Banks, a global platform designed to drive sustainable finance and promote green banking practices in emerging markets.

Representatives of the alliance's member banks (Photo: VNA)

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), Orient Commercial Joint Stock Bank (OCB), Vietnam Maritime Commercial Joint Stock Bank (MSB,) and Vietnam Prosperity Joint Stock Commercial Bank (VPBank) are among the 20 institutions selected for the alliance’s first cohort. Together, they represent more than 5.6 trillion USD in assets.

The move demonstrates the banking sector’s commitment to driving green growth, contributing to realizing Vietnam’s Net Zero 2025 pledge, expanding access to international funding, and strengthening Vietnam’s position in sustainable finance globally.

 

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