Nam A Commercial Joint Stock Bank (Nam A Bank – HOSE: NAB) and Proparco, the development finance institution of the French Development Agency (AFD), on March 23 officially signed a Memorandum of Understanding (MoU) to develop and mobilize green financial resources.
The signing ceremony took place in Paris during a high-level working visit by Nam A Bank’s leadership to Europe. This event marks a strategic milestone in the bank’s efforts to internationalize sustainable capital and realize its goal of “greening” business operations while expanding its network of international financial partners.
Strategic cooperation for sustainable growth
Under the agreement, Proparco and Nam A Bank will focus on promoting the development and mobilization of sustainable green financial resources. A central pillar of this partnership is the Green Finance Community, a pioneering initiative proposed by Nam A Bank at the Vietnam International Financial Center in Ho Chi Minh City (VIFC – HCMC).
The collaboration with a major institution like Proparco is expected to create a synergistic effect, sharing international resources and transforming VIFC-HCMC into an attractive destination for green capital flows and sustainable development in Vietnam.
A step towards significant investment
The signing occurs as Proparco is evaluating a US$30 million loan with a five-year term to support Nam A Bank’s green credit portfolio. This funding aligns with Nam A Bank’s long-term strategy to promote environmentally friendly business activities.
Proparco has recently completed its due diligence and Know Your Customer (KYC) processes at Nam A Bank. Representatives from Proparco praised the bank’s stable growth and safe operations amidst economic fluctuations. Notably, Nam A Bank’s deep integration of Environmental & Social (E&S) standards into its operations is seen as a vital foundation 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,” stated a representative from Nam A Bank. “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”.
About the Partners
- Nam A Bank: Consistently pursues a sustainable development strategy built on two pillars: “Digitalization and Greening”. By “greening” capital flows, the bank aims to provide Vietnamese enterprises with access to abundant financial resources at optimized costs, enhancing national competitiveness.
- Proparco: A subsidiary of the Agence Française de Développement (AFD) focused on private sector development. As of late 2025, Proparco held total assets of approximately 9.1 billion euros, with a loan and investment portfolio of around 8.4 billion euros. Operating in 115 countries, it has implemented over 900 projects with a total investment value exceeding 10 billion euros globally.
