BIDV's selection as a Payment Bank in the domestic carbon market shows the management agency's confidence in the management capacity, prestige and position of the bank in the national financial system. This is also a milestone affirming BIDV's commitment to accompanying the Government in promoting green growth, sustainable financial development and supporting the business community to transition to a low-emission economy.
Immediately after being officially approved to become a payment bank for the domestic carbon exchange, BIDV actively coordinated with the SSC, Vietnam Securities Depository and Clearing Corporation (VSDC) and Stock Exchanges, market members to urgently complete technical infrastructure connections, preparing to deploy the carbon exchange according to the approved plan.
According to the roadmap for developing the domestic carbon market approved by the Government, the Ministry of Finance, the State Securities Commission and management agencies are moving towards operating a centralized market with 2 types of traded goods including: greenhouse gas emission quotas allocated to emission facilities (iron and steel, cement and thermal power) and carbon credits. The main and most important purpose of the market is to support greenhouse gas emission reduction to achieve the common goal: National-determined Contribution (NDC) towards net zero emissions by 2050 (NetZero). At the same time, promoting investment in greenhouse gas emission reduction, increasing competitiveness for Vietnamese enterprises.
Accompanying national-level "Green" strategies, BIDV is a pioneer bank in integrating ESG elements as a core component in its long-term strategy towards the goal of becoming the leading bank in the Vietnamese market for sustainable development. By the end of 2025, BIDV is the leading bank in green capital market development with outstanding achievements such as: (i) Moody's SQ2 green and sustainable bond framework - "Very Good" level, accumulated issuance of 8,350 billion VND for eligible projects; (ii) Sustainable Deposit Framework with a mobilization scale of nearly 7,000 billion VND; (iii) The proportion of products and services entirely in the digital environment reaches 78% for individual customers and 69% for institutional customers; and (iv) becomes the first commercial bank in Vietnam to be an Accredited Entity of the Green Climate Fund GCF.
With strong financial capacity, experience in serving large-scale financial markets and a modern technology system, in the coming time, BIDV will continue to promote its pioneering role in building and perfecting a green financial ecosystem, providing synchronous financial solutions, contributing to creating a foundation for the transparent, effective and sustainable development of the Vietnamese carbon market.
