US$250-MILLION DEAL ADVANCES VIETNAM’S GREEN CREDIT PUSH

A view of a rice field in the Mekong Delta - PHOTO: TRUNG CHANH

HCMC – Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has secured a US$250-million sustainable financing package to support green agriculture and small and medium-sized enterprises (SMEs), marking a major step in mobilizing international capital for priority sectors.

The facility was arranged in partnership with the Asian Development Bank (ADB), alongside international partners including the Japan International Cooperation Agency (JICA) and the Government of Canada.

The loan builds on a memorandum of understanding on sustainable finance signed at COP28 in November 2023. As of March 2026, BIDV had completed the drawdown, paving the way for disbursement to priority sectors such as sustainable agriculture, micro-enterprises, and women-led SMEs in Vietnam.

Notably, the financing package includes a US$20-million concessional tranche from the Canada Climate and Nature Fund for the Private Sector in Asia (CANPA), aimed at boosting private sector participation in climate and nature-related investments.

The transaction marks a significant step in unlocking green credit flows in Vietnam. According to ADB, the deal goes beyond financing, incorporating technical assistance and international expertise to help BIDV standardize risk assessment frameworks for circular economy projects and climate-resilient agriculture.

Source: The Saigon Times