Tuan Anh K.’s Post

The World Bank Treasury’s Green and Sustainable Finance Advisory Program within my team continues to make strides in helping clients. Recently, Viet Nam’s oldest bank, BIDV (Bank for Investment and Development of Vietnam) issued their first-ever domestic green bond. This $104 million transaction represents a significant milestone in the country's sustainable finance landscape and its efforts to achieve net-zero emissions by 2050. We supported our client though a multi-institution, multi-team collaborative effort with the Finance, Competitiveness and Innovation (FCI) Global Practice and the International Finance Corporation (IFC).   The BIDV green bond issuance is significant for several reasons: MOBILIZES PRIVATE CAPITAL FOR CLIMATE ACTION This issuance demonstrates the potential for green bonds to attract private capital towards climate and environmental projects in emerging markets. SETS A SCALABLE PRECEDENT The success of BIDV's bond paves the way for other Vietnamese financial institutions to follow suit, fostering the development of a domestic green bond market. SUPPORTS SUSTAINABLE DEVELOPMENT GOALS The proceeds from this bond will be used to finance projects aligned with Viet Nam's green growth strategy, contributing to a more sustainable future.   Read more in this case study: https://lnkd.in/emmiemG4 #VietNam | #WorldBankTreasury | #SustainableFinance | #GreenBond | #ESG | #ClimateFinance #GreenFinance Carrie Turk, George Richardson, Niraj Verma, John Nasir, Jean Pesme, Mona Haddad, Zafer Mustafaoglu Farah Imrana Hussain, Ketut Ariadi Kusuma, Zsolt Bangó, Quan Ha Ngo, Aaron Levine, Manuela V. Ferro

Thailand plans to sell approximately $1.1 billion of Baht-denominated sustainability linked bonds in Q4 this year. And looks set to be the first such offering from an Asian government. The sale will fuel the government's budget deficit & is tied to programs that are intended to reduce emissions. The bonds will be offered to both local & foreign institutional investors. It seems BlackRock & Intesa Sanpaolo are showing interest in the Baht sustainability linked bond sale. Thailand & many other countries are looking to achieve their net-zero targets by 2050. #greenbonds #sustainablefinance #greenfinancing #climatebonds #asia #apac #markets #economics #bonds #thailand

The successful issuance of the first-ever domestic green bond by Viet Nam’s oldest bank, BIDV (Bank for Investment and Development of Vietnam) constitutes a landmark in Viet Nam’s commitment to achieve a net-zero carbon emission target by 2050. The green bond was supported by The World Bank Sustainable Finance and ESG Advisory Program. Read more in this case study https://cutt.ly/WB-BIDV #VietNam #WorldBankTreasury #SustainableFinance #GreenBond #ESG #ClimateFinance #GreenFinance 

𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐂𝐚𝐦𝐛𝐫𝐢𝐝𝐠𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐬𝐥𝐚𝐦𝐢𝐜 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐈𝐅𝐑) 𝟐𝟎𝟐𝟑! One of the segments in the GIFR 2023 is titled "𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐫𝐞𝐞𝐧 𝐒𝐮𝐤𝐮𝐤 𝐌𝐚𝐫𝐤𝐞𝐭" supplementing the theme of the report, Climate Financing and Islamic Finance. The chapter, "Growth and Potential of the Green Sukuk Market" discusses the development, significance, and future prospects of green sukuk. Green sukuk have gained traction, especially in Southeast Asia and the GCC, with a cumulative total issuance of $21 billion by mid-2022. Key issuers include Malaysia, Indonesia, the UAE, and Saudi Arabia. Green sukuk play a critical role in funding projects like renewable energy, sustainable land use, and green buildings. The market is expected to grow, driven by increasing interest in Environmental, Social, and Governance (ESG) investments. However, challenges such as regulatory issues and market awareness need to be addressed. Significant progress has been made with frameworks and regulations established in countries like Malaysia and Indonesia to facilitate green sukuk issuance. The demand for these instruments is strong among international investors, with the market projected to continue its expansion as more countries and companies seek to finance green projects in line with Islamic values and sustainability goals. 𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐫𝐨𝐥𝐞 𝐨𝐟 𝐈𝐬𝐥𝐚𝐦𝐢𝐜 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐢𝐧 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠, 𝐠𝐞𝐭 𝐲𝐨𝐮𝐫 𝐜𝐨𝐦𝐩𝐥𝐢𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐆𝐈𝐅𝐑 𝟐𝟎𝟐𝟑 𝐭𝐨𝐝𝐚𝐲: 𝐡𝐭𝐭𝐩𝐬://𝐠𝐢𝐟𝐫.𝐜𝐚𝐦𝐛𝐫𝐢𝐝𝐠𝐞-𝐢𝐟𝐚.𝐧𝐞𝐭/𝐨𝐫𝐝𝐞𝐫 CambridgeIFA #gifr #GIFR2023 #GlobalIslamicFinance #Islamicfinance #Globalfinance #Climatechange #climatefinance #finance #financialinclusion #Sukuk #sukukmarket #financialinnovation

In a new piece for Kalam, Ahmed Aboudouh presents an analysis of China’s green finance in low- and middle-income countries in MENA, based on data from 2016 to 2023, examining how the state's investments reflect its objectives in the region. Read in full ⤵️ https://lnkd.in/eX2A5w9X

BIDV – Asian Development Bank (ADB)’s Leading Partner Bank for a Decade *Vietnamese translation in the comment section below* 🌟 BIDV is the sole bank among 87 issuing banks across 16 member countries of the Trade and Supply Chain Finance Program (TSCFP) to receive this prestigious award from the Asian Development Bank (ADB) at the 10th TSCFP Awards ceremony held in Singapore on September 3, 2024. 🌟 Over the past decade, BIDV has been the commercial bank with the largest credit limit granted by ADB in Vietnam. The bank has closely collaborated with ADB to facilitate over 1,640 trade transactions, totaling more than 4.6 billion USD. This partnership has enabled Vietnamese corporate clients to expand their import and export activities with global partners and has significantly contributed to the development of trade finance in the region. 🌟 Additionally, BIDV was honored as the bank with the best green financing transaction of 2024. This recognition was for an import L/C transaction involving turbines, pillars, and spare parts for the installation of pillars in Phase 3 of the Tan An Offshore Wind Power Project (100KW). This transaction met ADB’s rigorous assessment criteria, including trade impact, positive environmental effects, and the collaborative contributions of both ADB and BIDV in supporting clients and transactions, earning this year’s green financing award. #esg #sustainablefinance #greenbank #netzerobank

Transparent environmental disclosures by financial institutions are critical for meeting China’s carbon targets, enabling compliance, investor trust, and competitiveness. This ADB Brief spotlights the Bank of Huzhou’s green financing approach and outlines its push for stronger social and governance measures to unlock capital and drive sustainable development in underserved sectors. https://ow.ly/OkkO50UctGk with Anqian Huang, Fang Zhang

Bangko Sentral ng Pilipinas (BSP) has recently approved the adoption of the Philippine Sustainable Finance Taxonomy Guidelines (SFTG) for banks last 14 February 2024 in its resolution No. 193. It was developed to classify whether an economic activity is environmentally and socially sustainable. The SFTG is a guide for various users – from policy makers, financial regulators to MSMEs – to help guide investment decisions toward the main objective of advancing sustainable finance in the country. (Read the full guidelines here: https://lnkd.in/g2BHcqpQ) To align with the objective of sustainable finance advancement, the SFTG introduced a list of guiding principles to provide a general understanding as to what constitutes a ‘sustainable’ economic activity. Quisumbing Torres Partner Alain Charles J. Veloso will be moderating the Panel Discussion on Financing the Philippines’ Energy Transition at the Philippines Loan Market Conference hosted by APLMA (Asia Pacific Loan Market Association) today and address what the SFTG mean for energy financing in the country.   Learn about the Firms' Energy Transition client solutions here: https://lnkd.in/gra-2SvG   #sustainability #sustainablefinance #philippines 

LIVE NOW: Chris Engstrom, Senior Director, Finance Sector Office, Asian Development Bank (ADB) sharing her insights at the Climate Transition - A Banker's Perspective webinar.   auctusESG | Association of Development Finance Institutions of Malaysia (ADFIM) | Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)   #ClimateTransitionWebinar #BankingPerspective #ClimateInsights #FinanceStrategies #SustainableFinance #ClimateActionNow #WebinarAlert #SustainableFinance  

Find out how Hong Kong is pioneering new era of green finance with a new carbon credit market,