On December 5, Techcombank (Viet Nam Technological and Commercial Joint Stock Bank) became the first private bank in Viet Nam to introduce a green bond framework.
Developed with technical guidance and support from experts at the Global Green Growth Institute (GGGI), Techcombank's green bond framework serves as a guiding document. It ensures that funds raised through green bond issuance will be allocated to projects delivering environmental benefits.
S&P Global, one of the world's most reputable credit rating agencies, has independently assessed the framework, receiving a "Medium Green" rating—S&P's second-highest grade for green bond frameworks. This rating underscores the framework's transparency, environmental impact, and alignment with international green standards.
According to S&P, Techcombank's eligible project categories under the green bond framework address critical challenges that Viet Nam is currently facing.
Previously, the Bank for Investment and Development of Viet Nam (BIDV) and the Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) introduced green bond frameworks structured around four pillars: Funds allocated exclusively to environmentally impactful projects; Rigorous criteria for identifying eligible projects; Transparent tracking of green bond funds; Regular updates on fund utilization and environmental impact.
The proceeds from green bonds are directed toward environmentally positive initiatives such as: Renewable and clean energy projects; Sustainable transportation systems; Sustainable water management; Green buildings; Sustainable agriculture, forestry, and aquaculture; Biodiversity conservation; Waste management, resource efficiency, and energy efficiency.
These efforts contribute significantly to Viet Nam's pursuit of its sustainable development goals, promoting environmental protection and economic resilience.