Nam A Bank, GCPF sign MoU: Joint exploration of climate-adaptation financing framework in 2026

This development further demonstrates Nam A Bank's strong commitment to promoting sustainable development in Vietnam, particularly after the bank successfully hosted the international conference 'Unlocking Global Green Financing to Drive Sustainable Development and Financial Inclusion in Vietnam' in September, NAB said in a press release.

As part of its sustainable development strategy, Nam A Bank regards agriculture as a key sector – one of the most vulnerable to climate change risks. The bank will cooperate with respected institutions to study, design, and pilot climate-adapted financial products.

The goal is to strengthen resilience among farmers and agribusinesses against challenges such as drought and saltwater intrusion, while also supporting investment in irrigation technologies, water management, and other innovative adaptation solutions.

The interest to explore climate adaptation financing between Nam A Bank and GCPF comes at a pivotal moment as Vietnam's green finance market is undergoing significant transformation.

The government's commitment to achieve net-zero emissions by 2050 is driving commercial banks to accelerate green credit initiatives aligned with environmental protection, thereby strengthening sustainable development.

In addition, the establishment of the Ho Chi Minh City International Financial Center marks a significant milestone, positioned as a key pillar in attracting international capital, particularly green financing.

By taking the lead in engaging with reputable global funds such as GCPF, Nam A Bank affirms its commitment to supporting the city in creating an enabling environment to draw large-scale international green financing, therefore contributing to strengthening the sustainable financial position of both the city and Vietnam as a whole.

At the same time, global climate-adaptation financing continues to face a massive funding gap.

Developing countries require approximately US$387 billion per year for adaptation – nearly 20 times the currently available funding.

The majority of global climate finance still focuses on mitigation, making it difficult for adaptation projects to secure long-term capital.

"Climate-adaptation finance is now an urgent need, especially as Vietnam commits to the net-zero goal by 2050," a representative of Nam A Bank stated.

"This collaboration not only strengthens Nam A Bank's sustainable development strategy of 'Digital' and 'Green,' but also allows for deepening knowledge exchange and collaboration with the bank's international partners."

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 also consistently affirmed its position in sustainable development.

To date, the bank has successfully mobilized nearly $200 million in international funding dedicated to sustainability, with GCPF alone having disbursed over $40 million.

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 began cooperating in 2018 to deploy capital for green-credit programs.

After years of partnership, Nam A Bank has been recognized by GCPF as one of the most successful implementing partners in Vietnam.