HCM CITY — Sacombank is strengthening its commitment to sustainable development with the launch of the Green Finance Package (Sacombank Eco).

The innovative product suite embeds environmental factors into personal finance, reflecting a strategic milestone in the bank’s ESG (environmental, social and governance) roadmap.

Targeted at individual customers particularly the environmentally conscious Gen Y and Z demographics, the package turns everyday financial activities into practical contributions to environmental protection.

It comprises four product groups: Green Savings, Sacombank Visa O₂ Credit Card, Green Loans, and Health Insurance, all linked to the Green Living Fund.

The Green Living Fund is the package’s standout feature. It records all reward points customers accumulate from using the package’s products. The balance can be converted into verified carbon credits or donated to environmental projects such as reforestation, renewable energy and energy-saving initiatives.

Periodically, 70 per cent of the accumulated balance is automatically converted, while customers can select specific projects to support with the remaining amount via the Sacombank Pay app.

After conversion, customers receive an e-certificate from Gold Standard, an international organisation that validates greenhouse gas reduction projects, confirming the volume of CO₂ offset, equivalent to the number of trees planted and nurtured over a decade.

On the Sacombank Pay app, all transactions, emissions, reward points, and e-certificates are displayed transparently, allowing users to easily track their carbon footprint and environmental contributions.

With Green Savings, customers only need to deposit for one to six months to join the initiative. Sacombank contributes a monthly bonus equal to 5 per cent of total interest earned into the customer’s Green Living Fund, ensuring each savings deposit generates both financial and environmental benefits.

The Visa O₂ credit card offers a smart, responsible spending experience. Each transaction shows the associated CO₂ emissions on Sacombank Pay, raising awareness of personal environmental impact. Cardholders whose emissions fall below the market average will receive a VNĐ20,000 reward for each positive difference point, which is added to the Green Living Fund.

For its green loan products, the bank offers preferential interest rates for loans used to purchase VinFast electric vehicles or for investment, production or business operations in environmentally friendly sectors such as renewable energy, clean agriculture and energy-efficient technologies.

Health insurance is also part of the Sacombank Eco ecosystem. When customers purchase K-Care Insurance or Global Healthcare 24/7, the bank contributes VNĐ1,000 for every VNĐ1 million of first-year premium to the Green Living Fund.

According to Sacombank, the package reflects its commitment to incorporating ESG principles across its operations from internal processes and credit management to product development and customer experience.

Nguyễn Phương Huyền, director of Sacombank’s Retail Banking Division, said: “Sustainable development is no longer a slogan, it has become a benchmark for assessing a financial institution’s capabilities. With the Green Finance Package, we aim to inspire a ‘green living’ mindset among customers, enabling every financial activity, including saving, card payment, borrowing or purchasing insurance, can make a tangible contribution to environmental projects. This is how Sacombank translates its ESG commitments into action, while partnering with customers to build a greener future for Việt Nam.” — VNS