SHB has been honored for the third year in a row as the Best Bank for Sustainable Finance in Vietnam by Global Finance—the only Vietnamese bank to receive this recognition in 2025. The award acknowledges SHB’s continued efforts in promoting financial solutions that deliver long-term benefits for both society and the environment.

Saigon – Hanoi Commercial Joint Stock Bank (SHB) has once again been recognized by Global Finance, a U.S.-based financial magazine, as the Best Bank for Sustainable Finance in Vietnam in 2025 as part of its Sustainable Finance Awards 2025. This marks the third consecutive year SHB has received this prestigious accolade.

The award not only affirms SHB’s growing position in the financial sector but also highlights the Bank’s strong sense of responsibility toward the Vietnamese community and economy. It underscores a global trend toward sustainable finance, in which financial institutions are increasingly prioritizing projects and activities that generate long-term social and environmental benefits.

The Sustainable Finance Awards are held annually by Global Finance to honor financial institutions that have initiated, maintained, and expanded credit activities aimed at reducing the negative impacts of climate change and building a more sustainable future. Winners are selected by an independent and impartial judging panel based on objective criteria, including governance policies, strategic goals, and measurable achievements in sustainable finance. In the Asia-Pacific region, SHB was the only Vietnamese bank to be honored in this category.

“Sustainable finance is no longer just a trend – it has become both a responsibility and a strategic priority for SHB over the years. We are committed to developing financial products and services that not only meet the needs of our diverse customer base but also generate positive impacts on the environment and the community. Especially in the face of increasingly severe climate change, we are dedicated to expanding our credit activities to support environmental protection projects, mitigate the negative effects of climate change, and contribute to building a sustainable future for the next generations”, shared an SHB representative.

SHB named Best Bank for Sustainable Finance in Vietnam for the third consecutive year by Global Finance

As one of the leading private commercial banks in Vietnam channeling investment capital into green sectors, SHB has allocated nearly 10% of its total outstanding loans to green credit, with this figure growing rapidly. The bank’s green lending activities have proven effective, contributing significantly to sustainable growth and environmental protection. This achievement reflects SHB’s strong alignment with the Government’s national commitment to achieving net-zero emissions by 2050.

SHB has played a key role in financing major green projects, including the Hanh Phuc Rice Factory – the largest rice production facility in Asia, inaugurated in An Giang Province in January 2022, which is now fully operational. In addition, SHB has provided funding for clean energy initiatives such as the Yang Trung Wind Power Plant in Gia Lai Province, one of the largest wind farms in the region, contributing nearly 1 million MWh to the national power grid.

Beyond agriculture and clean energy, SHB is also actively involved in financing strategic infrastructure projects that are transforming Vietnam’s national landscape. The Bank has extended credit to a wide range of sectors, including logistics and maritime transportation – key drivers of the country’s economic development. Over the years, SHB has built strong partnerships with major international financial institutions such as the World Bank (WB), International Finance Corporation (IFC), and the Asian Development Bank (ADB). Through these collaborations, SHB continues to direct capital toward clean energy, sustainable (“green”) projects, and support for SMEs and women-owned businesses. With a long-term vision, SHB is committed to creating sustainable legacies that will endure for generations, aiming to elevate Vietnam’s financial market to stand shoulder to shoulder with the world’s leading economies.

With unwavering efforts toward the sustainable development of the community and society, SHB has been recognized by numerous prestigious domestic and international organizations. In 2024, FinanceAsia honored SHB for the second consecutive year with the award for “Best Bank for ESG Impact in Vietnam”. Additionally, Alpha Southeast Asia named SHB the “Best Sustainable Finance Bank for SMEs”.

Looking ahead, SHB has set its sights on a bold strategic vision: To become the top bank in terms of operational efficiency; The most preferred digital bank; The leading retail bank. At the same time, SHB aims to position itself as a top-tier provider of funding and financial services for both private and state-owned strategic enterprises, particularly those operating in supply chains, value chains, green ecosystems, and other sustainable sectors. SHB’s development philosophy is rooted in people and corporate culture as its foundation, with modern technology and digital transformation as the driving force for breakthrough growth. Its long-term objective is to evolve into a green bank, driving sustainable and inclusive development for future generations.