Vietnam has set an ambitious target to become a net-zero carbon emitter by 2050. As one of the fastest-growing economies globally, the country recognises the importance of transitioning to a sustainable future.
Techcombank partners with Gaia to plant 31,850 trees across Vietnam’s nature reserves.
The bank provides over VND 16 trillion ($624 million) in green financing to support sustainable projects.
Techcombank introduces Visa EcoCard to help customers track and offset carbon footprints.
With a significant carbon footprint, Vietnam is focusing on efforts that balance growth and environmental protection. Techcombank, as one of the country's leading financial institutions, is stepping up to the challenge by contributing to these green goals through impactful partnerships and initiatives.
Leading green initiatives: Techcombank's pioneering vision
The bank is playing a crucial part in Vietnam's net-zero vision by infusing green initiatives into its business. One of the highlights is its partnership with Gaia Nature Conservation Center, a high-profile Vietnamese NGO. They collectively plan to revive ecosystems by planting 31,850 trees in forest cover that has been degraded, towards the national target of planting one billion trees by 2025.
Reforestation projects for a greener Vietnam
The partnership of Techcombank-Gaia has already achieved remarkable success. Techcombank employees contributed to planting 11,850 trees in the Phong Dien Nature Reserve in Thua Thien Hue province during the first phase of the project. Apart from helping the area achieve greater biodiversity, these trees will be crucial in preventing erosion, managing water flow, and fighting climate change. With future intentions to seed more trees in other important reserves, the initiative can potentially remove thousands of tonnes of CO2, directly contributing to Vietnam's path towards net-zero emissions.
Supporting green financing for sustainable projects
In addition to the reforestation program, Techcombank is supporting the green economy through the financing of sustainable initiatives. In 2024, the bank raised its green credit investments to VND 16.4 trillion ($646 million). Through the financing of projects like clean energy and reforestation, Techcombank is promoting the shift towards a greener economy. Additionally, Techcombank introduced its Green Bond Framework and became the first private bank to issue a green bond in Vietnam. Such money is utilised only for the support of projects beneficial to the sustainability of the environment.
Encouraging green lifestyles with EcoCard
Techcombank is not only promoting sustainability through business operations but also empowering its customers to live more eco-friendly lives. In 2024, the bank introduced the Visa EcoCard, an innovative product that helps individuals track and offset their carbon footprint. The EcoCard encourages users to support green initiatives in Vietnam and offers various sustainable benefits, such as discounts on electric vehicle services. With over 200,000 customers already adopting this card, it has helped offset significant amounts of CO2, further underscoring the bank's commitment to green living.