HDBank issues $918.71m in green bonds to fund eco-friendly projects

This aligns with the Vietnamese government's goal of carbon neutrality by 2050.

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has issued $918.71m (VND3t) in green bonds, making it Vietnam's first private bank to do so.

These bonds, with maturities of two, three, and five years, are designed to fund environmentally sustainable projects and promote green economic development. They comply with the standards set by the International Capital Market Association and the Loan Market Association.

The capital raised will be allocated to projects that meet the criteria outlined in HDBank’s Sustainable Finance Framework.

Phạm Quoc Thanh, CEO of HDBank, said the issuance helps mobilise long-term capital for projects aimed at reducing carbon emissions and supports the Vietnamese government’s goal of achieving carbon neutrality by 2050.