BIDV officially submitted its application to become a recognized organization of GCF from 2023. Over the past 2 years, BIDV has completed capacity testing documents, participated in bilateral working programs with GCF within the framework of international forums such as GCF's Asia-Pacific Dialogue Federation (2023), COP28 Conference in Dubai (2023), P4G Summit in Hanoi (2024). At the same time, GCF also organized an in-depth assessment program to survey BIDV's governance capacity and sustainable financial implementation. Through the assessment rounds, BIDV not only proved its appropriate management capacity, but also demonstrated a strong commitment to climate finance, meeting GCF's strict standards. At the 43rd session of the Green Climate Fund, the GCF Council officially recognized BIDV as a recognized organization of GCS.
Speaking at the event, Ms. Achala Abeysinghe - Investment Services Director, GCF said: We are very pleased to welcome the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to become a recognized organization of the Green Climate Fund (GCF). This new partnership strengthens GCFs commitment to cooperating with leading national banks and opens up many opportunities to expand access to climate finance in Vietnam.
As a leading key bank in promoting sustainable growth, BIDV identifies Green Growth as one of the three strategic pillars of development "Foreign, enterprise, and Security" of the bank. In particular, BIDV clearly orients Green transformation in 3 aspects, demonstrating the role of a leading financial institution in Vietnam: (i) Key in mobilizing and providing capital for Green transformation, in leading and creating Green transformation; (ii) Pioneering in the process of greening, saving energy - resources, reducing internal emissions; and (iii) Leading and promoting the Green transformation process of customers and partners...
By mobilizing preferential green capital from GCF, BIDV can provide good interest rate loans for projects to reduce emissions and adapt to climate change. This is a promising start, opening a new era for BIDV in implementing sustainable finance and replicating the ESG model according to international standards, actively contributing to the implementation of green growth and sustainable development tasks and goals of the country.
Mr. Le Ngoc Lam - General Director of BIDV - said: "Becoming a recognized organization of the Green Climate Fund (GCF) marks an important turning point in BIDV's sustainable development journey. As a recognized organization of GCF, BIDV will have more preferential capital to finance renewable energy projects, increase resilience to climate change, encourage green innovation in Vietnam, promote equitable transformation in industries and contribute to improving the lives of vulnerable communities.
BIDV's efforts to implement sustainable finance have initially achieved remarkable results. As of September 30, 2025, BIDV's outstanding Green credit reached more than VND 81,000 billion, financing 1,623 customers and 2,143 projects/business plans, accounting for 3.7% of BIDV's total outstanding loans. This result not only reflects BIDV's strong commitment to sustainable finance, but also leaves its mark in the market with an increasingly rich and effective sustainable financial product ecosystem. With the leading green credit market share in Vietnam, BIDV has enough potential to effectively support the implementation of GCS's climate mission and goals in Vietnam.
The Green Climate Fund (GCF) is the world's largest climate finance fund established under the Paris Agreement, assigned to support developing countries in mobilizing and realizing the National Assembly's own contribution (NDC), towards a low-emission development model and adapting to climate change. To date, the Fund has received a total contribution commitment of 30 billion USD from 51 member countries, of which Vietnam committed 1 million USD at the COP21 Conference in 2015 and made a contribution in 2020.
GCSP implements its activities through cooperation with a diverse network of recognized organizations, including government agencies, organizations and multilateral financial institutions such as the World Bank, IFC, UNDP, ADB, EIB, AFD... and banks such as HSBC, Deutsche Bank, KDB, MUFG, SMBC...
