BIDV and JBIC sign the Memorandum of Understanding on Green Finance
On November 17, 2025, within the 4th AZEC High-level Meeting between Vietnam and Japan in Hanoi, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and the Japan Bank for International Cooperation (JBIC) exchanged a Memorandum of Understanding (MOU) to support Vietnam’s decarbonization and energy transition efforts.
This MOU marks a significant milestone in the partnership between BIDV and JBIC, representing an important step forward in their joint journey to support Vietnam in achieving the commitment to reach net-zero emissions by 2050.
The MOU reaffirms the long-standing and effective partnership between the two leading financial institutions of Vietnam and Japan, established since 2013. Under the agreement, both parties commit to strengthening bilateral cooperation toward the shared objectives of decarbonization and energy transition in Vietnam. The key areas of cooperation include exploring the financing of potential projects in the field of energy transition, generating mutual benefits for both institutions and maximizing the national interests of Vietnam and Japan.
This MOU marks a significant milestone in the partnership between BIDV and JBIC, representing an important step forward in their joint journey to support Vietnam in achieving the commitment to reach net-zero emissions by 2050.
Witnessed by senior leaders of both countries, the signing of the MOU between BIDV and JBIC holds special significance. It not only demonstrates progress in the bilateral cooperation between the two banks but also contributes to deepening the Comprehensive Strategic Partnership between Vietnam and Japan, accompanying the growth of businesses in both nations and fostering sustainable socio-economic development across the region.
About BIDV
Established in 1957, BIDV is the oldest and largest commercial bank in Vietnam in terms of total assets and operational scale. As of the end of the third quarter of 2025, BIDV’s total assets reached VND 3.07 quadrillion. BIDV operates a nationwide network of more than 1,100 branches and transaction offices across all provinces and cities, as well as overseas presences. The bank serves nearly 500,000 corporate clients and 22 million individual customers, maintaining correspondent relationships with over 2,300 financial institutions in 178 countries and territories worldwide.
BIDV has set the overarching goal for the 2025–2030 period to become a leading LARGE – STRONG – GREEN bank in Southeast Asia, ranking among the Top 100 banks in Asia, and by 2045, among the Top 50 banks in Asia. As of September 30, 2025, BIDV’s green credit portfolio reached over VND 81 trillion, financing 1,623 clients and 2,143 projects/business plans, accounting for 3.7% of the bank’s total outstanding loans.
About JBIC
Established in 2012, JBIC is a policy-based financial institution and its shares are wholly owned by the Government of Japan, which has the purpose of contributing to the sound development of the Japanese and international economy and society by taking responsibility for financial functions to promote overseas development and secure natural resources with strategic importance to Japan, maintaining and improving the international competitiveness of Japanese industries, promoting overseas business having the purpose of preserving the global environment, and also providing the financial services that are necessary to prevent disruptions to the international financial order or to implement appropriate measures with respect to the effects of such disruption.