Nam A Commercial Joint Stock Bank (Nam A Bank, HOSE: NAB) and the Global Climate Partnership Fund (GCPF) have signed a Memorandum of Understanding, signaling their mutual interest in jointly developing a new climate‑adaptation financing framework in Vietnam, potentially focusing on the agricultural sector.
This development further underscores Nam A Bank’s strong commitment to advancing sustainable development in Vietnam, particularly following its successful hosting of the international conference “Unlocking Global Green Financing to Drive Sustainable Development and Financial Inclusion in Vietnam” in September 2025.
As part of its sustainable development strategy, Nam A Bank identifies agriculture as a priority sector—one of the most vulnerable to climate change risks. To address these challenges, the bank plans to collaborate with leading institutions to research, design, and pilot climate‑adapted financial products.
The overarching goal is to enhance the resilience of farmers and agribusinesses against challenges such as drought and saltwater intrusion, while simultaneously supporting investment in irrigation technologies, water management systems, and other innovative adaptation solutions.
The collaboration between Nam A Bank and GCPF to explore climate‑adaptation financing comes at a pivotal time, as Vietnam’s green finance market undergoes significant transformation. The Government’s pledge to achieve net‑zero emissions by 2050 is compelling commercial banks to accelerate green credit initiatives aligned with environmental protection, thereby reinforcing the country’s sustainable development agenda.
In addition, the establishment of the Ho Chi Minh City International Financial Center represents a significant milestone, positioned as a key pillar in attracting international capital—particularly green financing. By proactively engaging with reputable global funds such as GCPF, Nam A Bank reinforces its commitment to supporting the city in building an enabling environment for large‑scale international green capital inflows, thereby contributing to the strengthening of both the city’s and Vietnam’s sustainable financial position.
At the same time, global climate‑adaptation financing continues to face a substantial funding gap. Developing countries require an estimated US$387 billion annually for adaptation—nearly 20 times the funding currently available. Yet the majority of global climate finance remains concentrated on mitigation, making it challenging for adaptation projects to secure stable, long‑term capital.
A representative of Nam A Bank emphasized:
“Climate‑adaptation finance has become an urgent priority, particularly as Vietnam advances its commitment to achieving Net Zero emissions by 2050. This collaboration not only reinforces Nam A Bank’s sustainable development strategy built on the pillars of ‘Digital’ and ‘Green,’ but also fosters deeper knowledge exchange and stronger partnerships with the bank’s international counterparts.”
Meanwhile, a representative of GCPF affirmed:
“We highly appreciate Nam A Bank’s pioneering role in this joint exploration. The bank has been a long-term partner of GCPF in Vietnam, with a strong track record in climate financing. This provides the necessary foundation for both sides to exchange knowledge and further engage in this future project.”
GCPF is managed by responsAbility Investments AG, a leading impact-asset manager investing in three key areas: climate finance, financial inclusion, and sustainable food systems, contributing to the UN Sustainable Development Goals.
Nam A Bank has consistently reinforced its position in sustainable development. To date, the bank has successfully mobilized nearly US$200 million in international funding dedicated to sustainability, with more than US$40 million disbursed by GCPF alone.
The Bank has implemented an Environmental and Social Risk Management System (ESMS) compliant with IFC standards and is among the first banks in Vietnam to complete the international Basel III risk-management framework.
Nam A Bank and GCPF initiated their cooperation in 2018 to channel capital into green‑credit programs. Following years of partnership, Nam A Bank has been recognized by GCPF as one of the most successful implementing partners in Vietnam.
