Vietnam Prosperity JSC Bank (VPBank) is seeking a sustainability‑linked loan of around US$1.2 billion, people familiar with the matter said, in what could become one of Vietnam’s largest ESG‑tied financings.
The Hanoi-based bank has appointed more than a dozen lenders to underwrite the three-year facility, the sources added, asking not to be identified due to the confidential nature of the discussions. Sumitomo Mitsui Banking Corp (SMBC) is serving as the sole coordinator of the deal.
SMBC’s parent company, Sumitomo Mitsui Financial Group, holds roughly 15% of VPBank’s shares.
The proposed loan highlights the continued appeal of ESG-linked financing in emerging markets, even as the growth of such instruments has moderated following a recent expansion.
Neither VPBank nor SMBC responded to requests for comment.
Last May, VPBank arranged a US$1 billion loan from global lenders to support women-led businesses, green initiatives, and other socially responsible projects.
Other recent ESG-linked deals include COFCO International Ltd securing a US$435 million revolving credit facility from Standard Chartered Plc, tied to social and climate targets in agricultural supply chains, and the State Bank of India marketing a US$500 million syndicated social loan focused on women’s economic empowerment and gender equality.
Sustainability-linked loans reached approximately US$139 billion in 2025 and are expected to grow to around US$160 billion in 2026, according to a February report by ING analysts.
