The Bank for Development of the Netherlands (FMO) and Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) have just signed a Memorandum of Understanding (MoU) on sustainable investment and financial cooperation, on the occasion of a delegation of Dutch enterprises visited and worked in Vietnam by Ms. Aukje de Vries - Minister of Foreign Trade and Development of the Kingdom of the Netherlands.
Through this Memorandum of Understanding, the two sides agreed to cooperate in implementing FMO's $30 million investment in the first international green bond program issued by HDBank, with a total expected scale of up to $100 million in 2025.
Mr. Juan Jose Dada Ortiz, Director of Financial Institutions of FMO, said, FMO is pleased to initiate this cooperative relationship with HDBank. By signing this Memorandum of Understanding on Cooperation, we hope to work with HDBank to promote inclusive and sustainable economic growth in Vietnam. FMO's participation in investing in international green bonds issued by HDBank for the first time is an important milestone that we believe will open up a strong and sustainable cooperative relationship".
FMO and HDBank also hope to continue researching and promoting the implementation of new potential cooperation programs in the future, focusing on areas such as green finance, renewable energy, small and medium enterprises, as well as initiatives to promote inclusive economic growth, productivity and sustainability in Vietnam.
About FMO:
The Netherlands Development Bank (FMO) is a leading investor in the world, supporting sustainable growth of the private sector in developing countries and emerging markets through investing in potential projects and enterprises. FMO focuses on three areas, including: Agriculture - Food & Forestry, Energy, and Financial Institutions. With a total committed portfolio of about 13.5 billion EUR, spread across more than 85 countries, FMO is one of the world's largest bilateral private sector development banks.
About HDBank:
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) is the leading commercial bank in Vietnam, with total assets of VND 782,000 billion as of September 30, 2025, serving more than 20 million individual and corporate customers. HDBank is a pioneer in digital transformation, developing a comprehensive financial - consumer - digital service ecosystem, while leading in green finance and sustainable development, contributing to promoting inclusive economic growth in Vietnam.
