The Ho Chi Minh City Development Joint Stock Commercial Bank (HD Bank) has become the first private bank in Vietnam to issue VND3 trillion ($118 million) in green bonds.
The bonds, with maturities of two, three, and five years, will fund environmentally sustainable projects in alignment with International Capital Market Association (ICMA) and Loan Market Association (LMA) standards. The issuance garnered strong interest from institutional investors, reaching full subscription in a short time.
Funds raised will support projects under HDBank’s “Sustainable Finance Framework,” developed with assistance from the International Finance Corporation (IFC) and rated “very good” by Moody’s. This framework outlines criteria for financing initiatives that advance environmental protection and green economic development.
Phạm Quoc Thanh, CEO of HDBank, highlighted the initiative as part of the bank’s commitment to sustainability. “This initiative promotes green growth and mobilizes long-term capital for projects that reduce CO2 emissions and support the government’s carbon neutrality goal by 2050,” he said.
