Through this Memorandum of Understanding (MoU), both parties agree to collaborate on FMO’s $30 million investment in HDBank’s inaugural international green bond program, with a projected total scale of up to $100 million by 2025.
H.E. Kees van Baar, Ambassador of the Kingdom of the Netherlands to Vietnam, and Mr. Tran Hoai Nam, Deputy CEO of HDBank, exchange the MoU under the witness of H.E. Aukje de Vries, Minister for Foreign Trade and Development Cooperation of the Netherlands.
Mr. Juan Jose Dada Ortiz, Director of Financial Institutions at FMO, stated, “FMO is thrilled to initiate this partnership with HDBank. By signing this MoU, we aim to jointly foster inclusive and sustainable economic growth in Vietnam. FMO’s investment in HDBank’s first-ever international green bond marks a significant milestone, paving the way for a robust and enduring collaboration.”
FMO and HDBank also aim to explore and advance potential new cooperation programs in the future, focusing on areas such as green finance, renewable energy, small and medium-sized enterprises (SMEs), and initiatives to promote inclusive, productive, and sustainable economic growth in Vietnam.
The Netherlands Development Finance Company (FMO) is a leading global investor, supporting sustainable private sector growth in developing countries and emerging markets through investments in high-potential projects and enterprises. FMO focuses on three key sectors: Agriculture, Food & Forestry, Energy, and Financial Institutions. With a total committed portfolio of approximately €13.5 billion across over 85 countries, FMO is one of the largest bilateral private sector development banks worldwide.
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