HDBank was honored as 'Green Bank of the Year' at Better Choice Awards 2024

HDBank received the "Green Bank of the Year" award at the Better Choice Awards 2024, in a series of events celebrating the 5th anniversary of the establishment of the National Innovation Center (NIC) and the Vietnam Innovation Day.

HDBank's leadership representative received the "Green Bank of the Year" award at Better Choice Awards 2024 - Photo: VGP/HX

The “Green Bank of the Year” award, under the Innovative Choice Awards category, reflects HDBank ’s sustainable development strategy with initiatives related to the environment, society and governance (ESG). HDBank has pioneered in financing renewable energy projects, implementing green credit products and applying technological solutions to minimize environmental impacts, especially carbon emissions. The representative of the Organizing Committee said that HDBank met the criteria of the award well, while emphasizing the bank’s role in promoting innovative values. To evaluate the award, NIC coordinated with VCCorp and received advice from PwC Vietnam experts. Also in this series of events, HDBank inaugurated the Galaxy Innovation Hub in the North at NIC, after establishing the first center in Ho Chi Minh City in November 2023. Galaxy Innovation Hub plays an important role as a bridge, connecting businesses, researchers and experts to promote cooperation, provide financial solutions, technology infrastructure and training programs. This center supports technology businesses and startups, contributing to the development of Vietnam's innovation ecosystem.

HDBank was honored as "Green Bank of the Year" at the Better Choice Awards 2024 - Photo: VGP/HX

Immediately after receiving the investment license at Ho Chi Minh City High-Tech Park, HDBank has coordinated with partners to deploy a Venture Investment Fund worth VND150 billion and a High-Tech Development Support Fund worth VND100 billion to support technology companies and startups. These two funds have also expanded their operations in the North, accompanying the Galaxy Innovation Hub. Mr. Pham Quoc Thanh, General Director of HDBank, shared: “Green finance is not only a trend but also a commitment of HDBank to develop renewable energy projects and improve the quality of the living environment. This is part of our ESG strategy, effectively integrating with business operations to bring long-term value to stakeholders and the community". Over the years, HDBank has closely cooperated with many international financial institutions, such as ADB, WB, IFC, Proparco, DEG... Recently, ADB and Proparco have also increased the credit limit for HDBank to hundreds of millions of USD. Previously, HDBank has also received many prestigious international awards, such as "ADB Green Bank" (2019), "Best Bank for Sustainable Finance" from The Asset (2022) and most recently "Best Green Financial Institution in Vietnam" awarded by The Asian Banker in August 2024. This "Green Bank of the Year" award continues to be a recognition from prestigious organizations for HDBank's continuous and effective efforts in promoting green finance and innovation, contributing to the goal of sustainable development. of the economy. Source: https://baochinhphu.vn/hdbank-duoc-vinh-danh-ngan-hang-xanh-cua-nam-tai-better-choice-awards-2024-102241003094317187.htm