In the context of Vietnam's strong commitments and actions to transition to sustainable development, VietinBank, in collaboration with its strategic partner - MUFG Bank (Japan), organized the MUFG N0W (Net Zero World) Vietnam 2025 seminar, with the theme of Sustainable Innovation Strategy towards green breakthrough.

The event was attended by representatives from the Embassy of Japan, the State Bank of Vietnam, the Banking Association, representatives of international organizations and nearly 150 representatives from pioneering enterprises with strong commitments to sustainable development. The seminar connected, discussed and shared domestic and regional sustainable development trends, practices and experiences, specifically in the fields of manufacturing, renewable energy and supply chain, thereby exploring advanced strategies and trends that are shaping Vietnam's green future.

As a pillar bank of the economy, VietinBank participated in the event and demonstrated its commitment to sustainable development according to international standards and Vietnamese regulations, as well as always accompanying the Government and organizations in solving environmental and social issues.

VietinBank's Green Journey

Since 2011, when cooperating with IFC, VietinBank has gradually integrated ESG principles into its operations, governance and product design. Green financial solutions such as the VND5,000 billion Green Up preferential credit package or the Green Deposit product are not only proof of the Bank's commitment to sustainable development, but also open up opportunities for the business community to access green capital.

VietinBank also developed a Sustainable Finance Framework to provide specific guidelines for the financing and management of the Bank's sustainable development financing. VietinBank's Sustainable Finance Framework was assessed by an independent second party - Morningstar Sustainalytics as "credible and impactful" for sustainable development.

In addition, VietinBank is building a comprehensive ESG ecosystem, supporting businesses not only in terms of capital but also in consulting and technical solutions. The Bank is proud to be a pioneer in implementing green credit policies in line with the orientation of the Government and the State Bank. VietinBank was also honored as a typical bank in green credit by the International Data Group IDG.

Partnering with MUFG to amplify positive impact

VietinBank and MUFG have had 12 years of strategic cooperation, contributing to the development of the Vietnamese banking industry in particular, and the economic - cultural - social cooperation between Vietnam and Japan in general. In addition to cooperation in the business field, the two banks have worked together in many social security activities, contributing to the community as well as sustainable development activities.

At the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), witnessed by Prime Minister Pham Minh Chinh, VietinBank signed a Memorandum of Understanding with MUFG to cooperate in promoting ESG and sustainable development in Vietnam. This agreement aims to arrange capital of up to 1 billion USD to serve sustainable development projects, bring environmental and social benefits and promote the circular economy.

The partnership of MUFG - Japan's leading bank, with a global network spanning over 40 markets, and a product system that comprehensively meets customer needs and is a pioneer in the field of sustainable finance - helps VietinBank perfect its strategy, build sustainable financial products suitable for the characteristics of Vietnam's economy, thereby spreading sustainable values ​​to a wide range of corporate customers.

With a strong message at the event, Mr. Le Thanh Tung, Member of the Board of Directors of VietinBank emphasized: “ESG is not just a trend, but a commitment, a mindset, and a practical action. Financial institutions are the driving force behind the green transformation of the economy, and are proof that business development and sustainable development can go hand in hand.”

VietinBank is committed to continuing to expand cooperation with domestic and foreign partners, especially strategic partner MUFG, to become a bridge to spread ESG to the Vietnamese business community. “VietinBank believes that when we act together, we can create the strength to overcome challenges, contributing to creating a greener, more sustainable and better future,” Mr. Le Thanh Tung concluded at the event.

Quynh Mai

Source: https://congthuong.vn/vietinbank-dong-hanh-cung-mufg-thuc-day-tai-chinh-ben-vung-tai-viet-nam-384233.html