VietinBank and Keppel Collaborate to Promote Sustainable Development in Vietnam
VietinBank and Keppel Collaborate to Promote Sustainable Development in Vietnam
Shared vision for sustainable development
VietinBank's sustainable financial strategy aligns with Keppel's goals of delivering innovative and environmentally friendly solutions. With advanced capabilities in artificial intelligence, cutting-edge technology, and regional expertise, Keppel aims to optimize energy management and enhance operational efficiency in key sectors such as data centers, advanced manufacturing, and integrated urban developments…
In alignment with the Vietnamese Government’s green growth and sustainable development policies, VietinBank has been at the forefront of green financing, providing sustainable financial solutions to support businesses on their green transformation journeys. Early 2024, VietinBank announced its Sustainable Finance Framework, setting a strong foundation for the development of internationally benchmarked sustainable products and services. VietinBank's flexible policies and products have contributed to maintaining the bank's sustainable development financing portfolio, covering areas such as renewable energy, clean energy, sustainable water management, green agriculture, sustainable forestry, waste treatment, and pollution reduction…
The two parties discussed strategic development directions for future collaboration
VietinBank’s sustainable finance strategies and policies align well with Keppel’s development goals. As a provider of innovative and sustainable solutions across various sectors, Keppel leverages its advanced artificial intelligence capabilities, proprietary technologies and platforms to optimize energy management, enhanced operational efficiency, and deliver green development solutions.
Keppel is a pioneer district cooling service provider in Singapore, and is rapidly expanding its cooling solutions to the rest of Asia, in countries such as China, India, Thailand and Vietnam. Currently, Keppel has a total cooling portfolio of more than 260,000 refrigeration tonnes (RT) in Asia (including projects under development) and is involved in various sustainable energy projects across Asia Pacific and Europe. The collaboration will also leverage Keppel’s Operations Nerve Centre in Vietnam, which utilises advanced artificial intelligence and machine learning technologies to manage energy operations in real-time.
The collaboration will explore the development of projects, such as Cooling-as-a-Service (CaaS), renewable energy generation and storage systems, waste-to-energy (WTE), water management, and other energy efficiency solutions, which will support the reduction of carbon emissions for Vietnam. Keppel will lead the design and implementation of such projects with VietinBank committing to provide green financing and diverse fund sources.
Future collaboration direction
VietinBank and Keppel EaaS Vietnam signed a Memorandum of Understanding (MOU)
In 2024, VietinBank and Keppel signed a Memorandum of Understanding (MoU). The MOU reflects the strong, concerted efforts of both parties toward a shared vision of green economic development. Looking ahead, we believe that this collaboration will create opportunities for cooperation to enhance financial capacity, strengthen competitiveness, and leverage each party’s strengths, driving mutual, sustainable growth in the years to come.
A representative of VietinBank stated: As one of the leading banks with extensive experience in financing and sponsoring sustainable development projects in Vietnam, VietinBank has contributed to enhancing the financial capacity of projects and facilitating access to co-financing opportunities from diverse financial sources. Until the end of 2024, VietinBank's total Green Credit Outstanding Balance is expected to reach nearly 1.8 billion USD for more than 1,000 customers, including projects related to renewable energy development, water treatment, waste treatment, etc.
The MOU will open up many cooperation opportunities for both parties in the future
Ms. Cindy Lim, CEO of Keppel’s Infrastructure Division, shared: "We are excited to collaborate with VietinBank to address the increasing demand for sustainable development in Vietnam. Leveraging our expertise and proven track record in delivering clean energy and environmental solutions for critical facilities such as airports, data centers, hospitals, advanced manufacturing industrial parks, and integrated urban developments, Keppel is committed to advancing Vietnam’s energy transition. Through this partnership, we aim to implement effective carbon reduction and energy efficiency initiatives for businesses, driving meaningful progress toward a more sustainable future...".
Shared vision for sustainable development
VietinBank's sustainable financial strategy aligns with Keppel's goals of delivering innovative and environmentally friendly solutions. With advanced capabilities in artificial intelligence, cutting-edge technology, and regional expertise, Keppel aims to optimize energy management and enhance operational efficiency in key sectors such as data centers, advanced manufacturing, and integrated urban developments…
In alignment with the Vietnamese Government’s green growth and sustainable development policies, VietinBank has been at the forefront of green financing, providing sustainable financial solutions to support businesses on their green transformation journeys. Early 2024, VietinBank announced its Sustainable Finance Framework, setting a strong foundation for the development of internationally benchmarked sustainable products and services. VietinBank's flexible policies and products have contributed to maintaining the bank's sustainable development financing portfolio, covering areas such as renewable energy, clean energy, sustainable water management, green agriculture, sustainable forestry, waste treatment, and pollution reduction…
The two parties discussed strategic development directions for future collaboration
VietinBank’s sustainable finance strategies and policies align well with Keppel’s development goals. As a provider of innovative and sustainable solutions across various sectors, Keppel leverages its advanced artificial intelligence capabilities, proprietary technologies and platforms to optimize energy management, enhanced operational efficiency, and deliver green development solutions.
Keppel is a pioneer district cooling service provider in Singapore, and is rapidly expanding its cooling solutions to the rest of Asia, in countries such as China, India, Thailand and Vietnam. Currently, Keppel has a total cooling portfolio of more than 260,000 refrigeration tonnes (RT) in Asia (including projects under development) and is involved in various sustainable energy projects across Asia Pacific and Europe. The collaboration will also leverage Keppel’s Operations Nerve Centre in Vietnam, which utilises advanced artificial intelligence and machine learning technologies to manage energy operations in real-time.
The collaboration will explore the development of projects, such as Cooling-as-a-Service (CaaS), renewable energy generation and storage systems, waste-to-energy (WTE), water management, and other energy efficiency solutions, which will support the reduction of carbon emissions for Vietnam. Keppel will lead the design and implementation of such projects with VietinBank committing to provide green financing and diverse fund sources.
Future collaboration direction
VietinBank and Keppel EaaS Vietnam signed a Memorandum of Understanding (MOU)
In 2024, VietinBank and Keppel signed a Memorandum of Understanding (MoU). The MOU reflects the strong, concerted efforts of both parties toward a shared vision of green economic development. Looking ahead, we believe that this collaboration will create opportunities for cooperation to enhance financial capacity, strengthen competitiveness, and leverage each party’s strengths, driving mutual, sustainable growth in the years to come.
A representative of VietinBank stated: As one of the leading banks with extensive experience in financing and sponsoring sustainable development projects in Vietnam, VietinBank has contributed to enhancing the financial capacity of projects and facilitating access to co-financing opportunities from diverse financial sources. Until the end of 2024, VietinBank's total Green Credit Outstanding Balance is expected to reach nearly 1.8 billion USD for more than 1,000 customers, including projects related to renewable energy development, water treatment, waste treatment, etc.
The MOU will open up many cooperation opportunities for both parties in the future
Ms. Cindy Lim, CEO of Keppel’s Infrastructure Division, shared: "We are excited to collaborate with VietinBank to address the increasing demand for sustainable development in Vietnam. Leveraging our expertise and proven track record in delivering clean energy and environmental solutions for critical facilities such as airports, data centers, hospitals, advanced manufacturing industrial parks, and integrated urban developments, Keppel is committed to advancing Vietnam’s energy transition. Through this partnership, we aim to implement effective carbon reduction and energy efficiency initiatives for businesses, driving meaningful progress toward a more sustainable future...".