Technical assistance program: Sustainable use of natural resources and energy finance (SUNREF)

On 26th May 2021, BIDV and the French Development Agency (AFD) signed a credit facility agreement of USD 100 million aiming at promoting green investments, focused on renewable energy and energy efficiency projects in Vietnam. The TA program aims to contribute to the development of local economies, sober in energy consumption, carbon emission and sustainable use of natural resources, and assist BIDV, one of the major financial institutions in Vietnam, in enhancing its environmental and social (E&S) risks management system toward international standards.

• To transfer knowledge and build capacities of BIDV on E&S risk assessment and the Environmental and Social Management System (ESMS), with a focus on renewable energy and energy efficiency;
• To galvanize green projects by identifying potential green projects in emerging sectors (e.g. wind power, rooftop solar power, energy efficiency in building, etc.) and support the private sector in the development and conception of projects;
• To promote green investments, in renewable energy, industrial enterprises, buildings and properties development, tertiary sectors (trade, offices) and households; and
• Efficient and fluid management of the project to maximize impacts.