Agroinsurance

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UOB Vietnam backs NAVICO in green finance push for aquaculture

07.04.2025 424 views

United Overseas Bank (UOB) Vietnam and Nam Viet Corporation (NAVICO) have signed a green trade finance agreement, marking a key step in their partnership to promote sustainable aquaculture in Vietnam in line with global standards.

Lim Dyi Chang, Country Head of Commercial Banking at UOB Vietnam, reaffirmed the bank’s commitment to supporting companies with clear sustainability strategies, such as NAVICO. Beyond financing, he pledged UOB Vietnam’s expertise to help Vietnamese firms meet commercial goals while advancing sustainability.

NAVICO CEO Doan Toi, meanwhile, underscored the company’s dedication to the integrated supply chain model that ensures traceability, product quality, and ecological responsibility. He credited NAVICO’s international certifications, such as the Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP), for securing UOB Vietnam’s green financing support.

The partnership builds on prior collaboration, with UOB Vietnam previously funding NAVICO’s installation of rooftop solar power systems at its aquaculture facilities. This project has slashed operational costs amid rising electricity prices while contributing to Vietnam’s net-zero emission target by 2050.

By April 2025, UOB Vietnam has bankrolled 19 green projects spanning renewable energy, manufacturing, agriculture, and sustainable fisheries. This year, it is targeting domestic mid-sized enterprises, with at least 30% of new loans for local players going green.

Source - https://en.vietnamplus.vn

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