BIDV - the sole payment bank for Vietnam's carbon trading market
On June 9, 2026, the State Securities Commission (SSC) issued Official Letter No. 5170/UBCK-PTTT regarding the selection of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) as the sole bank providing payment services for greenhouse gas emission quota transactions and carbon credits on the carbon exchange in Vietnam.
BIDV’s selection as the settlement bank in the domestic carbon market reflects the regulatory authority’s confidence in the bank’s governance capabilities, reputation, and standing within the national financial system. This milestone also reaffirms BIDV’s commitment to partnering with the government to promote green growth, foster sustainable finance, and support the business community in transitioning to a low-emission economy.
Immediately after being officially approved as the settlement bank for the domestic carbon exchange, BIDV has actively coordinated with the State Securities Commission (SSC), the Vietnam Securities Depository and Clearing Corporation (VSDC), and stock exchanges and market participants to urgently complete technical infrastructure connections and prepare for the launch of the carbon exchange in accordance with the approved plan.
In accordance with the domestic carbon market development roadmap approved by the Government, the Ministry of Finance, the SSC, and relevant regulatory agencies are moving toward operating a centralized exchange market featuring two tradable commodities: greenhouse gas emission allowances allocated to emitting facilities (steel, cement, and thermal power plants) and carbon credits. The primary and most important objective of the market is to support the reduction of greenhouse gas emissions to achieve the common goal: the Nationally Determined Contribution (NDC) toward net-zero emissions by 2050 (NetZero). At the same time, this promotes investment in greenhouse gas emission reductions and enhances the competitiveness of Vietnamese businesses.
Aligning with national-level “Green” strategies, BIDV is a pioneer in integrating ESG factors as a core component of its long-term strategy to become the leading bank in Vietnam’s sustainable development sector. As of the end of 2025, BIDV is the leading bank in green capital market development with outstanding achievements such as: (i) A green and sustainable bond framework rated SQ2—"Very Good"—by Moody’s, with cumulative issuance of VND 8.35 trillion for eligible projects; (ii) A sustainable deposit framework with nearly VND 7 trillion in mobilized funds; (iii) The proportion of fully digital products and services reached 78% for individual customers and 69% for corporate customers; and (iv) becoming the first commercial bank in Vietnam to be recognized as an Accredited Entity by the Green Climate Fund (GCF).
With strong financial capabilities, experience serving large-scale financial markets, and a modern technology system, in the coming period, BIDV will continue to play a pioneering role in building and perfecting the green financial ecosystem, providing integrated financial solutions, and contributing to laying the foundation for the transparent, efficient, and sustainable development of Vietnam’s carbon market.
