FMO and British International Investment have invested in HDBank's green bond program to promote sustainable economic growth and climate finance in Vietnam.

Information on the Target

FMO is pleased to announce its involvement in Ho Chi Minh City Development Commercial Bank (HDBank) and its noteworthy international green bond program. FMO has committed US$30 million in the second tranche of HDBank's US$100 million green bond issuance. This investment, alongside contributions from British International Investment (BII), underscores FMO's dedication to fostering sustainable economic growth and advancing climate finance within emerging markets.

The second tranche, which totals US$50 million, comprises FMO's US$30 million investment and BII's US$20 million. This follows an inaugural tranche of US$50 million that was fully subscribed by the International Finance Corporation (IFC), which has played an essential role in structuring and attracting additional investors to the initiative. Investing in HDBank demonstrates a strategic move to align financial resources with environmental goals.

Industry Overview in Vietnam

Vietnam is increasingly recognized for its commitment to sustainable development, particularly in financing green projects. The government has articulated strong ambitions to integrate sustainability into its economic framework, with a significant focus