Nam A Bank and Proparco have signed an MoU in Paris to expand green finance in Vietnam, with a potential $30 million loan under consideration and a focus on attracting international capital through new sustainability initiatives.

Nam A Commercial Joint Stock Bank (Nam A Bank – HOSE:
NAB) has signed a memorandum of understanding with Proparco, the development finance institution of the Agence Française de Développement (AFD), to strengthen the
mobilization of green financial resources in Vietnam, marking a step forward in
the bank’s push toward sustainable finance.

The
signing ceremony took place in Paris during a high-level working visit by Nam A
Bank’s leadership to Europe, marking a step in the bank’s strategy to
internationalize sustainable capital and expand its network of global financial
partners.

Under
the agreement, the two sides will focus on promoting the development and
mobilization of green financial resources. A key component of the partnership
is the Green Finance Community, an initiative proposed by Nam A Bank at the Vietnam International Financial Center.

The
collaboration with Proparco, a subsidiary of the Agence
Française de Développement, is expected to facilitate the sharing of
international resources and support efforts to position Ho Chi Minh City as a
destination for green capital and sustainable development.

The
signing comes as Proparco is evaluating a $30 million loan with a five-year
term to support Nam A Bank’s green credit portfolio. The proposed financing
aligns with the bank’s strategy to expand environmentally focused lending
activities.

Proparco
has completed its due diligence and Know Your Customer (KYC) processes at Nam A
Bank. According to representatives from the institution, the bank has
demonstrated stable growth and operational safety despite economic
fluctuations. Its integration of environmental and social (ES) standards
into operations was also highlighted as a basis for further cooperation.

“This
MoU is not only a recognition of an international development finance
institution’s trust in Nam A Bank but also a significant step in our journey to
elevate our operational standards,” a representative from Nam A Bank said. “We
believe Proparco’s partnership will enable us to expand green financial
resources and spread sustainable development values to the Vietnamese business
community and the economy.”

Nam
A Bank said it continues to pursue a development strategy based on
digitalization and sustainability, with a focus on improving access to capital
for domestic enterprises.

Proparco
focuses on private sector development and operates in more than 100 countries,
with billions of euros in assets and investments globally.

-Diep Linh