BAC A BANK is determined on the path of investment consulting for sustainable development.

The “Outstanding Bank for Green Credit” award was created to honor banks with policies and products aimed at environmentally friendly businesses and projects and sustainable development. The award is part of the “Vietnam Outstanding Banking Awards 2023” jointly organized by the International Data Group IDG and the Vietnam Banks Association.in Ho Chi Minh City on May 26, 2023.

Affirm brand position

Receiving high appreciation from the Voting Council, Bac A Bank was honored in the Green Credit Award category for its investment consulting capacity in sustainable development fields such as high-tech agriculture, healthcare, and education.

BAB Deputy General Director Chu Nguyen Binh received the award. Photo: BAB

Over the years, projects that BAC A BANK has consulted and invested in have increasingly affirmed their brand position in domestic and foreign markets, while contributing to promoting economic development in many localities through specific project groups such as: High-tech dairy farming and milk processing; Production of fruit juice and purified water; Medicinal herbs and functional foods; Sugarcane; Production of rice, vegetables and fruits; Sustainable forest development; Education; Health and healthcare.

The Resolution of the 13th National Party Congress affirmed: “Circular economy is becoming an inevitable trend to meet the requirements of sustainable development in the context of increasingly depleted resources, polluted and degraded environment, and severe climate change”. Sharing the same strategic vision, BAC A BANK accompanies TH Group as an investment consultant to pioneer the implementation of green economic models and circular economy in high-tech agriculture.

In the circular production chain at TH Group, by-products and waste from one process become inputs to another, where the life cycle of materials is maintained as long as possible before being released into the environment, thereby minimizing emissions. TH also implements the extended responsibility of the manufacturer in controlling the impact on the environment.

Representatives of BAC A BANK's Board of Directors took souvenir photos with Branch Directors at the award ceremony. Photo: BAB

In 2022 alone, BAC A BANK will demonstrate its capacity and strategic vision in investment consulting services in the field of sustainable development through TH Group's projects, with strong steps forward such as: Groundbreaking for the construction of Thai Binh Clean Food Processing Factory and officially owning TH Clean Food Processing Factory in Bac Ninh.

On September 26, TH Group launched TH true HERBAL herbal tea; The project to invest in a high-tech dairy farming and milk processing complex in Russia, with a total investment of 2.7 billion USD, has completed phase I, and is expected to complete the entire project in January 2024; The project to develop beef cattle farming and crop cultivation in Australia with a total investment of up to 130 million Australian dollars, with an area of ​​3 farms of about more than 1 million hectares, with a herd of about 65,000 cows. These two projects mark the success of BAC A BANK in the field of investment consulting in the international market.

Prioritize sustainable development projects that create positive impacts on the environment

With a team of highly specialized and dedicated staff; investment consulting and credit granting work is always associated with a serious and methodical implementation process, Mr. Chu Nguyen Binh - Deputy General Director of Bac A Commercial Joint Stock Bank shared: We prioritize investment consulting and credit granting for projects of sustainable development, creating positive impacts on the environment. BAC A BANK pays special attention to appraising project factors that may impact the natural environment and social security in the process of making investment consulting and credit granting decisions. Regularly evaluate the effectiveness of project implementation in terms of environmental friendliness, supplement and perfect product packages serving "green credit" to best meet the expansion and development needs of businesses".

BAC A BANK accompanies many high-tech agricultural projects as an investment consultant. Photo: BAB

Accordingly, BAC A BANK is currently implementing a number of specific products for individuals and businesses in the field of high-tech agriculture such as: Personal credit products for loans for agricultural production of vegetables, flowers, fruits and loans for planting and caring for industrial crops; Providing credit for Cooperatives, Cooperative Unions, Product packages to finance high-tech agricultural production enterprises.

With the achievements, BAC A BANK is honored to be honored by the Vietnam Banks Association as the Outstanding Bank for Green Credit in 2023; contributing to affirming the value of the path that Bac A Bank has always steadfastly pursued, which is the mission of consulting and serving a generation of sustainable businesses, creating core values, bringing true value to the community and being environmentally friendly.

Phu Huong