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VPBank has secured a record $1 billion sustainable syndicated loan, the largest ever raised by a Vietnamese bank, aimed at advancing sustainable finance in Vietnam. This landmark transaction, arranged by a consortium of global financial institutions, underscores VPBank's commitment to sustainable development and enhances its international capital access.Additionally, VPBank signed a $150 million credit line agreement with the Japan Bank for International Cooperation to finance green projects, further solidifying its role in promoting sustainable initiatives.
VPBank has been recognized as one of the Top 10 Large-Cap Companies with the Best Corporate Governance in 2024, marking its 17th consecutive award. This recognition highlights the bank"s commitment to enhancing corporate governance standards in line with international practices, contributing to its sustainable development strategy. With a consolidated pre-tax profit of nearly 13.9 trillion dongs and a leading registered capital of 79.34 trillion dongs, VPBank continues to strengthen its position in the financial sector while promoting environmental and social values.
VPBank reported a consolidated pre-tax profit of nearly VND 13.9 trillion for the first nine months of 2023, marking a 67% increase year-on-year, driven by strong interest income and effective debt collection strategies. The bank aims to leverage growth in retail, SMEs, and foreign direct investment segments, anticipating a recovery in the real estate market and increased demand for home loans. Despite challenges in the market, VPBank expects credit demand to strengthen, supported by improved macroeconomic indicators and government measures.
VPBank has secured its position in the Top 20 companies with the highest ESG scores in the VNSI basket for the sixth consecutive time, demonstrating strong performance in environmental, social, and governance practices. With a market capitalization exceeding VND 202 trillion (~$6.4 billion), it remains among the top five stocks in 2024. The bank is also recognized for its commitment to climate-related financial disclosure, supporting Vietnam's goal of achieving net zero emissions.
VPBank has secured its position in the Top 20 enterprises with the highest ESG scores in the Vietnam Sustainable Development Index for the sixth consecutive time, also ranking among the Top 5 stocks by market capitalization in 2024. The bank's commitment to sustainability is highlighted by its superior scores in environmental, social, and governance components, alongside its unique implementation of Climate-Related Financial Disclosure. As of November 5, 2023, VPBank's capitalization exceeded VND 5 trillion, with a consolidated pre-tax profit of nearly VND 67 trillion, reflecting a 13.9% increase year-on-year.
VPBank reported a 67% year-on-year increase in consolidated pre-tax profit for the first nine months of 2024, reaching nearly VND 13.9 trillion, driven by stable credit growth and effective debt collection strategies. The bank has expanded its FDI customer portfolio to 500 enterprises and partnered with Lotte C&F Vietnam and BYD to enhance its market presence. Additionally, VPBank's brand value rose to $1.35 billion, placing it among Vietnam's top 10 most valuable brands.
The U.S., Japan, and South Korea have launched the Digital Infrastructure Growth Initiative for India Framework (DiGi Framework) to enhance the country's digital infrastructure. This collaboration, involving the U.S. International Development Finance Corporation, Japan Bank for International Cooperation, and Korea Eximbank, aims to support projects in sectors like 5G, AI, and smart cities. The initiative will streamline processes for private sector funding and facilitate policy dialogues with the Indian government to promote sustainable development in the Indo-Pacific region.
Japan Bank for International Cooperation (JBIC) has signed a $150 million credit line agreement with Vietnam Prosperity Joint-Stock Commercial Bank (VPBank), with JBIC contributing $90 million. This funding will support renewable energy and electricity grid projects in Vietnam, aligning with the country's goal of achieving net zero emissions by 2050 and enhancing its power infrastructure. The loan is part of broader initiatives, including the Asia Zero Emissions Community and the Vietnam Climate Finance Framework.
Vietnam Prosperity Bank (VPBank) has secured a credit limit of 150 million USD from the Japan Bank for International Cooperation (JBIC) to finance renewable energy and power transmission projects in Vietnam. The agreement, signed on October 9, 2024, aims to support the national goal of achieving net zero emissions by 0, aligning with international sustainable development initiatives. This partnership underscores the growing trust of international financial institutions in VPBank and strengthens economic ties between Vietnam and Japan.
VPBank has secured a USD 150 million credit agreement with the Japan Bank for International Cooperation (JBIC) to finance renewable energy and power transmission projects in Vietnam, supporting the national goal of achieving net-zero emissions by 2050. The agreement, signed on October 9, 2023, aligns with Vietnam's Eighth Energy Development Plan and the Asia Zero Emissions Community initiative. This partnership underscores the growing confidence of international financial institutions in VPBank and strengthens economic ties between Vietnam and Japan.
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