From May 5 to 12, 2022, in Hanoi, Da Nang, and Ho Chi Minh City, Saigon – Hanoi Bank (SHB) accompanied the organizer to hold seminars introducing the “Project on Promoting Energy Saving in Vietnam’s Industries” (VSUEE). The project is entrusted by the Green Climate Fund (GCF) through World Bank (WB) and the Ministry of Industry and Trade, SHB participated in the project as a guarantee issuer for participating banks with a total value of the Risk Sharing Fund of USD 75 million.
In order to support industrial enterprises to increase opportunities to access capital to research and invest in technological innovation, improve efficiency in using and saving energy in the production process, SHB has actively participated in the “Project on Promoting Energy Saving in Vietnam’s Industries” funded by the Green Climate Fund and entrusted through the World Bank and the Ministry of Industry and Trade. In which, SHB is the bank that issues guarantees to banks participating in providing credit for energy saving investment loan projects in Vietnamese industries, creating favorable conditions for energy saving investment projects to access a $75 million Risk Sharing Fund (RSF) funded by GCF and the World Bank.
Ms. Ngo Thu Ha – Deputy CEO representing SHB attended the workshop to share about benefits and operation process of VSUEE project
From May 5-12, 2022, in Hanoi, Da Nang, and Ho Chi Minh City, SHB accompanied the World Bank and the Ministry of Industry and Trade to organize seminars to introduce the “Project on Promoting Energy Saving in Vietnam’s Industries”. The seminar also provided in-depth training for financial institutions, industrial enterprises and energy service providers on how to effectively participate in the project as well as solutions to successfully implement the energy saving project in industries in Vietnam.
Participating in the seminar, SHB shared about the benefits of PFI when participating in the project, the process of RSF guarantee issuance, the conditions for RSF guarantee, the process of performing the guarantee obligation, the payment conditions for the guarantee obligation, etc. As a PIE, the RSF Fund Management Unit of the Project trusted by the Government of Vietnam, the Ministry of Industry and Trade, and the WB and GCF, SHB will provide maximum support to participating commercial banks (PFI) in identifying eligible sub-projects, developing a portfolio of potential guarantees, and conducting loan management throughout the Project’s life.
Ms. Ngo Thu Ha – Deputy CEO representing SHB to attend the seminar said: “SHB will also accompany Vietnamese industrial enterprises to invest in technology, equipment and solutions to save energy in production activities, improve business efficiency of enterprises, contribute to economic, social and environmental development in Vietnam.”
Workshop to introduce VSUEE and in-depth training on solutions to successfully implement energy saving projects in industries in Vietnam
SHB has been striving to maintain its top position among private commercial joint stock banks in terms of green credit. By the end of 2021, SHB is one of the private joint stock commercial banks with outstanding loans to big green projects in the whole banking system. The Bank has always actively approached green capital sources from international financial institutions (WB, ADB, KfW, JICA…), considered issuing green bonds, etc. to finance infrastructure construction projects, green energy, and energy saving projects in Vietnam. Taking that advantage, SHB has brought many outstanding benefits to project investors such as preferential loan terms and low interest rates. SHB has also focused on supporting training, technical safety consulting, helping to improve corporate governance, project management, etc., helping customers to raise awareness of green economic activities, especially compliance with the requirements of the environmental and social management framework, the resettlement policy framework, the ethnic minority policy framework, etc. to meet the E&S standard requirements of international donors.