Vietnam ranks second in green bond issuance in the Association of Southeast Asian Nations (ASEAN), according to the ASEAN Sustainable Finance – State of the Market 2021 report recently released by Climate Bonds Initiatives (CBI) and HSBC.

Over US$16.91 billion has been raised from sales of corporate bonds in the first nine months of this year, according the Vietnam Bond Market Association (VBMA).

BIM Land Real Estate, a member of BIM Corporation, has become Vietnam’s first unlisted firm completing the issuance of US$200-million green bonds without guarantee assets on the Singapore Exchange (SGX).

Green, social, and sustainability bonds are considered effective tools for Vietnam to raise capital from the private sector for projects with environmental and social benefits, thus supporting the country’s realisation of Sustainable Development Goals (SDGs) and the Paris Agreement 2015.