FPT Partners with BIDV to Promote Green Transformation

FPT’s technology solutions will help optimize emission inventory processes, reduce carbon footprint, enhance competitiveness, and expand access to sustainable investment capital for BIDV’s corporate clients.

FPT Corporation and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) have officially signed a memorandum of understanding (MoU) to jointly implement an automated greenhouse gas (GHG) inventory and management solution for enterprises — a pioneering initiative in Vietnam.

Representatives from FPT and BIDV at the signing ceremony.

Under the agreement, FPT will provide its GHG inventory and management software solution free of charge (for a limited period) to all BIDV corporate clients and offer up to a 25% discount afterward. This partnership reflects the strong commitment of both BIDV and FPT to accompany Vietnamese enterprises on their journey toward green transformation.

In addition, businesses will receive consultation and training from experts well-versed in international standards and regulations, as well as access to VertZéro — Vietnam’s first automated GHG inventory platform compliant with global standards such as IPCC, GHG Protocol, and ISO 14064. The solution enables enterprises to perform emission inventories for Scope 1 and Scope 2 and to build effective emission reduction strategies.

VertZéro automates the process of collecting, calculating, and reporting carbon emissions according to international standards. Deployed under the SaaS (on-cloud) model, VertZéro helps businesses accurately calculate Scope 1 and Scope 2 emissions while providing data analytics tools for effective reduction planning. With AI and Optical Character Recognition (OCR) technologies, the solution helps enterprises save time, minimize errors, and progressively meet ESG standards.

Mr. Tran Long – Deputy General Director of BIDV.

Speaking at the event, Mr. Tran Long – Deputy General Director of BIDV – emphasized that BIDV and FPT aim to accompany Vietnamese enterprises in their green transformation journey, helping them comply with international standards and contribute to realizing Vietnam’s commitment to achieving Net Zero by 2050.

Representing FPT Corporation, Mr. Dao Hong Giang – Director of the Banking & Finance Division, FPT IS – reaffirmed that as a strategic partner to many organizations, FPT not only provides consultancy but also delivers comprehensive technology solutions that optimize operations and support sustainable growth. He stated that integrating technology into ESG practices helps businesses not only comply with global standards but also create long-term value and strengthen competitiveness in the emerging green economy.

“The partnership between FPT and BIDV opens a new direction in combining technology and green finance, enabling enterprises to optimize their sustainable development strategies and enhance competitiveness in the market,” Mr. Giang affirmed.

Mr. Dao Hong Giang, representing FPT Corporation.

According to representatives of both sides, under increasing domestic and international regulatory pressure on emissions, many Vietnamese enterprises are facing challenges in measuring, inventorying, and reducing GHG emissions. Vietnam has committed to cutting emissions through international agreements such as the UNFCCC, the Kyoto Protocol, and the Paris Agreement, as well as its Net Zero pledge by 2050 announced at COP26. The government has concretized these goals through several legal frameworks, notably Decision No. 13 dated August 13, 2024, issued by the Prime Minister, which requires emission-intensive sectors and facilities to conduct GHG inventories and submit reports before March 31 this year.

FPT and BIDV have maintained a long-standing partnership since 1994, having jointly implemented several key projects such as the development of a management system for MasterCard connection, issuance, and payment; the ERP financial solution project; the migration and integration of card systems and related applications with the Core Banking Profile system; and the construction of a trade ecosystem on the TradeFlat platform.