From October 21 to 24, 2024, the Sibos Conference with the theme “Connecting the Future of Finance” will take place in Beijing, China. This is one of the largest annual events of the global financial community, where speakers are experts, leaders of banks, international financial and monetary institutions to connect, share knowledge and experience, discuss the most concerned issues of the banking and finance industry as well as identify current challenges, also propose future directions, initiatives and actions.
This year's Sibos will gather more than 125 exhibition booths from all over the world. Within the framework of the Conference, the Reserve Management Department - State Bank of Vietnam will act as the focal point and coordinate to organize a joint exhibition booth named "STATE BANK OF VIETNAM" with the slogan "Green Credit - Green Growth - 'Net-Zero' Emissions by 2050" with the participation of 04 commercial banks including Vietcombank, MSB, Vietinbank and BIDV.
Looking back at the development journey, Vietnamese banks have achieved remarkable achievements:
Vietcombank: Established in 1963, Vietcombank currently has total assets of over 1.8 quadrillion VND and pre-tax profit over 1.5 billion USD. Vietcombank has been rated as the highest among Vietnamese commercial banks by The Big Three credit rating agencies (S&P, Fitch Ratings, and Moody's). Towards sustainable development, Vietcombank aims to be a leader in promoting environmental, social, and corporate governance (ESG) according to international standards.
MSB: as the first joint stock bank in Vietnam since 1991, MSB is ranking in top mid-size banks with impressive growth in term of profit, business performance, financial health, and both domestic and international capital transfer channel … With commitment to accompany the Vietnam Government in getting net-zero carbon by 2050, by providing outstanding sustainable financial solutions, MSB always strive to support customers and partners in green and sustainable transformation, climate change adaptation journey and balance eco – social goals.
VietinBank: over 36 years of development, VietinBank has grown into a TOP 3 largest commercial bank in Vietnam, with equity amounting to around USD 5.1 billion. The bank has been listed for years among the Forbes TOP 2,000 largest companies and TOP 300 Most Valued Bank Brands of the World by Brand Finance. With the slogan “Improving the values of life” the bank has been actively fostering sustainable growth of its clients and business partners.
BIDV: Established in 1957, BIDV is the longest-standing and largest commercial bank in Vietnam with total assets of approximately USD 100 billion as at 30 June 2024. The bank’s operations cover banking, insurance, securities and financial investments, boasting a network of 1,100 branches and transaction offices as well as presence in five countries and territories. As the leader in green financing initiatives, BIDV prioritizes comprehensive sustainable finance and integrates ESG practices into all core business activities.
The presence of Vietnamese banks at Sibos 2024 is not only an opportunity to promote their image but also demonstrates their determination to deeply integrate with the international financial community. By promoting green credit activities, the Vietnamese banking sector is making a significant contribution to mitigating the impacts of climate change, while creating a sustainable and prosperous business environment for future generations. At the Sibos Conference, Vietnamese banks hope to connect and closely engage with international partners, share experiences and join hands in development opportunities. With solidarity and cooperation, banks believe that they can overcome all challenges and buSild a green, sustainable future for the world.