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Monday, 28/7/2025 | 19:02 GMT+7

Vietcombank makes top 20 sustainable businesses list for third time

Vietcombank has again been recognized as one of Vietnam's top sustainable businesses, earning high marks for its green finance initiatives, transparent governance, and social responsibility.

The Ho Chi Minh City Stock Exchange (HoSE) released the list on 21/7. The Vietnam Sustainability Index (VNSI), developed by HoSE in collaboration with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and the State Securities Commission of Vietnam, acknowledges companies meeting sustainability criteria with positive investment performance on the stock market.

In 2024, Vietcombank achieved total assets exceeding two quadrillion dong, leading the banking system in profit, with asset quality among the best in the market. The bank also ranked among the top 100 banks globally by market capitalization and was the highest-ranking Vietnamese company on the list of the world's 1,000 largest public companies.

Vietcombank headquarters. _Photo: Vietcombank_

In November 2024, Vietcombank became the first bank in Vietnam to issue green bonds under the domestic legal framework, voluntarily complying with the Green Bond Principles of the International Capital Market Association (ICMA). The bank expanded its green credit portfolio, prioritizing funding for renewable energy projects, sustainable infrastructure, and clean production.

By the end of 2024, the bank's outstanding green credit balance reached nearly 47,600 trillion dong, a four-fold increase compared to 2020, accounting for 3.3% of the total outstanding loans. Nearly 85% of this was allocated to renewable and clean energy projects.

Beyond business operations, Vietcombank has provided capital at low interest rates, implemented support packages for economic recovery after pandemics and natural disasters, working alongside the government and the community. From 2020 to 2024, the bank allocated over 2,300 trillion dong to social welfare programs, with 571 trillion dong in 2024 alone, prioritizing healthcare, education, and disadvantaged areas.

The bank has also promoted digital transformation to optimize operations and reduce carbon emissions, standardized sustainability reporting according to international standards such as GRI and TCFD, and developed a dedicated ESG team across the system.

According to a bank representative, the continued inclusion in the VNSI 2025 reflects Vietcombank's commitment to sustainable development in recent years, particularly in green finance, transparent governance, and social responsibility. The bank aims to expand its environmentally friendly operations, apply digital technology, and improve operational efficiency, aligning with the overall development trends of the banking industry.

Minh Ngoc

By VnExpress: https://vnexpress.net/vietcombank-lan-thu-ba-vao-top-20-doanh-nghiep-phat-trien-ben-vung-4919932.html
Tags: sustainable business Vietcombank green bank

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