Based on its superior performance and results in promoting trade finance and supporting sustainable development for Vietnamese enterprises, Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – stock code HDB) continues to be recognized as the ‘Leading Partner Bank in Vietnam’ by the Asian Development Bank (ADB) through the Trade and Supply Chain Finance Program (TSCFP).
HDBank has demonstrated its exceptional capabilities as one of the partner banks with the highest Trade Finance Program (TFP) limits assigned by ADB in Vietnam. In August 20204, ADB increased HDBank’s Trade Finance Program limit from $145 million to $200 million for trade finance guarantees, financing, and revolving credit facilities. This achievement is a testament to ADB’s high regard for HDBank’s risk management capabilities, transparency, and efficiency in their collaboration – a new driving force for the bank to further extend its support to import-export businesses and value chains.
In addition to its strategic partnership with ADB on trade finance, HDBank has been actively promoting Environmental, Social, and Governance (ESG) initiatives. With the support of ADB and other development finance institutions, HDBank has accomplished significant achievements in critical technical projects, enhancing its capacity for sustainable development.
Regarding green and sustainable credit, HDBank is participating in a technical advisory project to develop a green/sustainable credit portfolio with funding from ADB.
In terms of inclusive economic development for people with disabilities, HDBank is the only bank in Vietnam to be involved in the second phase of this ADB-led project.
HDBank also successfully completed the ADB Climate Tagging project in July 2024, which improved the classification of trade finance transactions with a positive climate impact.
As of Q2 2024, HDBank’s total assets reached VND 624,443 billion, a 3.7% increase from the beginning of the year. Customer loan balances grew strongly by 12.5% to VND 386,186 billion, while customer deposits increased by 4.3% to VND 386,573 billion. In the first half of 2024, HDBank recorded a 48.9% surge in pre-tax profit to VND 8,165 billion compared to the same period last year, along with improved capital safety and operational efficiency ratios.
In 2024, HDBank became the first bank in Vietnam to publish a sustainability report with a commitment to becoming a net-zero emissions bank by 2050.
Speaking at the award ceremony, Mr. Tran Hoai Nam, HDBank’s Deputy CEO, shared, “With strong support from ADB and international partners, HDBank is committed to further advancing its green and sustainable development strategy, especially in areas such as renewable energy and efficient resource management. HDBank aims to continue contributing positively to fostering a green economy in Vietnam, enhancing the competitiveness of enterprises, and creating sustainable value for the community.”
The Legacy Treasure in the Heart of Haiphong
“Owning a valuable piece of real estate with long-term growth potential has always been a top priority for families looking to pass on a legacy to future generations.”
The Ultimate Guide to HDBank’s Interest Rates: Maximize Your Savings with Online Deposits
In early September, HDBank offered an attractive interest rate bracket for individual customers, ranging from 0.5% to 8.1% per annum. The peak interest rate for regular savings accounts was set at 6.1% per annum, while deposits of 500 billion VND and above were eligible for an impressive maximum rate of 8.1% per annum.
The Green Evolution: Unveiling Sacombank’s ESG Strategy
Sacombank’s leadership has shared their vision for the bank’s future. Alongside their short-term goal of completing the restructuring plan and regaining their position as a top player in the market by 2025, they have their sights set on long-term sustainable development following the ESG model.
