Saigon – Hanoi Bank (SHB) continuosly coordinates with the Ministry of Industry and Trade and the World Bank (WB) to promote energy saving in the industry with the organization of the Conference “Technical training on identification and evaluation of energy efficiency project and ESCO for commercial banks”.
The conference was held in 2 days from May 25- to May 26, 2023 to provide guidance to commercial banks on how to identify and define potential Energy Savings projects, this is also an opportunity for banks to be fully equipped with knowledge when participating in the energy efficiency investment market. The conference is within the framework of the Project on Promoting Energy Saving in Vietnam Industries (VSUEE). SHB participates as a Project Executor (PIE) and an issuer of guarantees for participating banks with a total Risk Sharing Fund (RSF) value of USD 75 million funded by GCF and WB.
Over the past years, SHB, together with the Ministry of Industry and Trade and the World Bank, have been actively implementing the VSUEE project to support industrial enterprises to access the RSF Fund to invest in technological innovation, improve use efficiency and save energy during production.
The conference is within the framework of the Project to promote energy saving in Vietnamese industries
Participating in the Conference, as the RSF Management Unit of the Project, SHB’s leadership representatives shared about the project’s mechanism, RSF guarantee issuance process and conditions, guarantee obligations and payment conditions, payback process, etc. In the coming time, SHB will continue to provide maximum support to participating financial institutions (PFIs) in determining eligible sub-projects, develop a portfolio of potential guarantees, and manage loans throughout the Project implementation period.
SHB has been striving to maintain the top position among private commercial joint stock banks in terms of green credit. By the end of 2022, SHB is one of the private joint stock commercial banks with highest outstanding loans for green projects throughout the banking system. The Bank has always actively approached green capital sources of international financial institutions (WB, ADB, KfW, JICA…), considered issuing green bonds, etc. to finance construction projects, infrastructure, green energy, energy saving of Vietnam.
With such advantages, SHB has brought many outstanding benefits to project investors such as preferential loan terms and low interest rates. SHB also focuses on training, technical safety consulting, helping to improve corporate governance, project management, etc., supporting customers to raise awareness on green economic activities, especially compliance with the requirements of the social environment management framework, the resettlement policy framework, the ethnic minority policy framework, etc. to meet the E&S standard requirements of international donors.
The award “Outstanding Bank for Green Credit in 2022″ once again affirms SHB as one of the leading banks in promoting credit, contributing to the sustainable development of the country
With a synchronous development strategy, the proportion of green credit outstanding loans at SHB accounts for nearly 10% of the total outstanding loans and tends to grow faster and more effectively, contributing to sustainable growth and environmental protection.
Notably, on the same day of May 26, 2023, at the award ” Vietnam Outstanding Bank Award 2022″ organized by the International Data Group (IDG) in association with the Vietnam Banks Association (VNBA), SHB was honored for the 2nd time in the category “Outstanding Bank for Green Credit in 2022”. The award once again affirms that SHB as one of the leading banks in promoting credit, contributing to the country’s sustainable development.
With rich experience and capacity of a leading bank, actively “greening” capital flows, SHB has fully met the rigorous criteria of the award “Outstanding Bank for Green Credit ” such as: Well developing green products into the bank’s list of existing lending products; Developing preferential conditions on interest rates, collateral… for green project loans; Implementing the environmental and social risk management system in green credit extension; Applying environmental standards when approving loans or granting credit for loan applications with green growth, environmental and social friendliness…
Green growth action plan is implemented synchronously by the bank following a specific roadmap, from raising awareness among staff, partners, customers about the importance of green credit growth; reforming regulations, processes and mechanisms to “tailoring” credit products and banking services for green sectors. At the same time, SHB also gradually transforms the credit structure towards giving priority to customers engaged in production and business activities in green areas, contributing to encouraging borrowers to switch projects and capital use purposes to environmentally friendly projects.