HCM City – Ho Chi Minh City Development Joint Stock
Commercial Bank (HDBank) has won the 2023 Asian Banking & Finance Award in
the “Sustainability Initiative of the Year – Vietnam” category.
Asian Banking and Finance, a leading financial magazine
founded in 2008, gives away the Wholesale Banking Awards and Retail Banking
Awards annually to honour banks and financial institutions by region and
country for their outstanding performance, innovation and excellence.
This year, besides HDBank, big names in the region and Vietnam
such as CIMB, HSBC, Standard Chartered, and Vietinbank were also among the
HDBank is the only bank in Vietnam to win in this category.
The jury comprising experts from all the four largest international
accounting and professional services firms in Singapore appreciated HDBank for
meeting many stringent criteria in terms of financial indicators and ESG
(environment, society and governance) and carrying out community activities.
The banking industry plays an important role in promoting the
circular economy by offering financial products and services to individuals,
households and businesses, and supporting business activities and investments
that have a positive impact on the environment and society.
Recognising the importance of this, since 2018 HDBank has been
implementing a number of measures to expand its resources for promoting the
development of green finance, helping the Government meet its commitment of
achieving net zero greenhouse gas emissions by 2050.
Over recent years, HDBank has received funding and comprehensive
consultancy for sustainable development, green finance, green transformation,
and, especially, development of financial products for women-owned small and
medium-sized enterprises from reputed international financial institutions such
as IFC, DEG (a development financial institution owned by German state-owned
development bank KFW), Proparco (the French Development Finance Institution),
Leapfrog Investments, Asian Development Bank, and Affinity Equity.
HDBank is one of the pioneers in promoting sustainable
development, green finance and green transformation, applying ESG standards in
business activities to achieve long-term sustainable development and
proactively carrying out CSR activities.
Going forward HDBank will continue to support SMEs and focus on
incorporating sustainable development goals and ESG with its business