VPBank joins the Global Green Banking Alliance

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) officially joined the Green Commercial Banking Alliance - a global initiative co-founded by the International Finance Corporation (IFC) and the Hong Kong Monetary Authority (HKMA). This is a milestone affirming VPBank's pioneering role in promoting green finance in Vietnam, while demonstrating its strong commitment to the Government's sustainable development goals and Net Zero strategy.

By the end of the second quarter of 2025, VPBank 's total green credit outstanding balance will reach VND 31,700 billion.

The Alliance for Green Commercial Banks was formed to build a community of pioneering banks in Asia in the field of green development. Through the Alliance, financial institutions have the opportunity to share knowledge, learn from international experiences and develop appropriate financial products to support the transition towards a low-carbon economy . Becoming one of the first Vietnamese banks to join the Alliance demonstrates VPBank's determination to deeply integrate with international standards, while strengthening its leading role in the field of sustainable finance in the country.

VPBank's commitment to sustainable development has been clearly realized through specific orientations, including the goal of achieving Net Zero in its loan portfolio by 2050. By the end of June 2025, VPBank's total green credit balance reached VND 31,700 billion, an increase of 44.5% compared to the end of 2024. This capital source is focused on disbursing by the bank in key green transformation areas of the economy such as sustainable transportation with projects supporting the transition to electric vehicles and developing charging station infrastructure; circular economy with recycling activities and expanding producer responsibility (EPR); or sustainable agriculture and forestry , associated with strategic programs such as the Project to develop 1 million hectares of high-quality and low-emission rice in the Mekong Delta.

Since 2020, VPBank has mobilized nearly 2.8 billion USD in international capital for sustainable development purposes. This capital is used for green credit programs, financing women-owned businesses, and socially responsible financial activities.

VPBank representative shared: “For VPBank, prosperity is not only measured by financial growth rate, but also by environmental sustainability and community quality of life. Joining the Green Commercial Bank Alliance is an affirmation of our commitment to accompany customers, partners and the Government to create a green future, realizing the Net Zero goal by 2050 - for a prosperous Vietnam”.

VPBank aims for excellence in green banking.

Over the years, VPBank has been steadfast in its sustainable development strategy, considering it an important pillar in its long-term orientation. The Bank has not only expanded its green credit portfolio but also promoted communication programs and community activities to raise awareness of green living and encourage a more eco-friendly lifestyle. These initiatives demonstrate VPBank’s social responsibility in accompanying customers, the community and the entire economy in the journey to combat climate change.

Joining the Green Commercial Banking Alliance opens up opportunities for VPBank to connect more closely with the international financial network, learn advanced governance practices and access sustainable capital from global institutions. This event marks an important step in accelerating the Bank's transformation towards excellence in green banking - integrating global best practices with innovative business models for sustainable finance across emerging markets and developing economies in Asia - Pacific. This will be an important foundation for the bank to continue expanding green financial products and services, increasing the proportion of green credit in the total loan portfolio and affirming its position as a pioneering bank accompanying Vietnam on the path of green development.

About VPBank:

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) is one of the leading joint stock commercial banks in Vietnam, with total consolidated assets of over VND 1.1 million billion as of June 30, 2025. VPBank is constantly innovating, promoting digital transformation and integrating ESG criteria into all activities, steadfast in its mission "For a Prosperous Vietnam". In its long-term development strategy, VPBank aims to go hand in hand with business growth and sustainable development, contributing to creating a society that is prosperous in terms of economy, green in terms of environment and sustainable in terms of the future.

About the Green Commercial Banking Alliance:

A global initiative co-founded by IFC and HKMA. The Alliance’s work in Asia is directly supported by the Hong Kong Monetary Authority (HKMA), with Bank of China (Hong Kong), Citi, Crédit Agricole CIB, HSBC and Standard Chartered as five Foundation Banks. The Green Commercial Banking Alliance supports member banks in developing capabilities, products and services aimed at reducing emissions, while connecting financial institutions, policymakers and technology partners to accelerate the transition to a green economy. The Alliance is currently focusing on expanding in Asia - where the demand for capital for sustainable development is growing rapidly.

Source: https://www.vpbank.com.vn/tin-tuc/thong-cao-bao-chi/2025/vpbank-gia-nhap-lien-minh-ngan-hang-thuong-mai-xanh-toan-cau