Vietnam Technological and Commercial Joint Stock Bank (Techcombank) officially announces the publication of its post-issuance Green Bond Report for the 2025 reporting period, which comprises the following key components:

  • Allocation Report on the use of proceeds from the Green Bond issued in 2024; and
  • Environmental Impact Report covering the projects financed by the Green Bond proceeds.

 

Techcombank prepared the post-issuance report in strict accordance with the commitments set out in its Green Bond Framework, including transparent disclosure of the allocation of proceeds and assessment of the environmental impacts of the financed projects. The report has been developed in line with international best practices and the Green Bond Principles issued by the International Capital Market Association (ICMA).

 

To enhance the objectivity and credibility of its disclosures, Techcombank appointed S&P Global Ratings—a leading global credit rating and independent assessment organization—as the independent reviewer of its post-issuance report. The assessment by S&P Global Ratings notes that:

  • Consistency: Techcombank’s allocation of proceeds is consistent with the pre-issuance commitments outlined in the Green Bond Framework.
  • Allocation assessment: The allocated projects are assessed by S&P as achieving a medium green level, the second-highest level on S&P Global Ratings’ Shade of Green scale, reflecting clear and meaningful contributions to environmental objectives.
  • Reporting quality: The post-issuance report fully meets the requirements for allocation and impact reporting under the Green Bond Principles and the Green Loan Principles, and demonstrates good practice in providing detailed information on impact calculation methodologies, assumptions, and limitations, thereby enhancing transparency for investors and other stakeholders.

 

The concurrent publication of the post-issuance report and the independent assessment by S&P Global Ratings not only reaffirms Techcombank’s compliance with its green finance commitments, but also underscores the Bank’s pioneering role in raising transparency standards in Vietnam’s financial market. This represents an important step in strengthening investor confidence and reaffirming Techcombank’s long-term commitment to promoting sustainable development and supporting Vietnam’s green transition.

 

>>> Details of the Allocation Report and Environmental Impact Report.

>>> Details of the Independent Review by S&P Global Ratings.