HDBank Partners with London Stock Exchange, Plans $300M Green Bond

Overview

HDBank (HDB) has signed a strategic partnership agreement with the London Stock Exchange (LSE) and the Vietnam International Financial Centre in Ho Chi Minh City (VIFC) to create a framework for connecting Vietnamese businesses to global capital markets. Concurrently, the bank announced a plan to issue up to $300 million in international green bonds, marking a significant step in its sustainable finance and international funding strategy.

Key Facts

• HDBank signed a strategic partnership agreement with the London Stock Exchange (LSE) and the Vietnam International Financial Centre (VIFC).
• The partnership aims to support Vietnamese businesses in accessing international capital markets for equity, bond, and financial instrument issuance.
• HDBank announced a plan to issue up to $300 million in international green bonds as part of the cooperation framework.
• The London Stock Exchange is a leading global financial center with over 1,600 international listed companies and a bond market size of approximately $34 trillion.
• The partnership was formalized at a high-level investment forum in Ho Chi Minh City, attended by government officials, international financial institutions, investors, and major enterprises.
• Mr. Nguyễn Công Vinh, Vice Chairman of the Ho Chi Minh City People’s Committee, endorsed the cooperation, linking it to Vietnam’s GDP growth target of over 10%.

What Happened

HDBank, in coordination with the London Stock Exchange and VIFC, organized a high-level investment forum in Ho Chi Minh City. At the event, HDBank and the London Stock Exchange signed a strategic cooperation agreement to establish a long-term framework for assisting Vietnamese companies in accessing international capital markets. According to the announcement, the collaboration will focus on promoting cross-border fundraising activities, including equity, bond, and financial instrument issuance on the London market, while enhancing connections with global institutional investors and improving transparency and corporate governance standards to international norms.

Within this partnership framework, HDBank disclosed its plan to issue up to $300 million in international green bonds. This move is positioned as a key advancement in the bank’s sustainable finance strategy and its effort to secure long-term funding from international markets. The forum served as a direct connection platform for businesses to access global financial standards, from strategic advisory and capital structuring to listing and fundraising opportunities on the London market.

Market Context

HDBank (HDB) is listed on the Ho Chi Minh Stock Exchange (HOSE). The stock closed at VND 26,000 on April 14, 2026, up 0.97% on volume of 10.6 million shares. This announcement comes as Vietnamese banks are increasingly seeking to diversify funding sources and enhance international connectivity amid evolving global capital flows and a domestic focus on sustainable finance.

Strategic Significance

The partnership and bond plan signal HDBank’s ambition to become a primary gateway for Vietnamese corporate access to deep, liquid international capital markets, particularly in London. By aligning with the LSE’s $34 trillion bond market and leveraging VIFC’s ecosystem, HDB aims to capture fee-based advisory and underwriting business while securing cheaper, longer-term USD funding for its own balance sheet through the green bond issuance. This positions the bank competitively within Vietnam’s financial sector for cross-border transactions and ESG-focused financing.

What to Watch

• Official launch and pricing details of HDBank’s up to $300 million international green bond issuance.
• Specific Vietnamese companies facilitated by HDBank to list or issue bonds on the London Stock Exchange under the new partnership.
• Impact on HDBank’s fee income from capital market services in subsequent quarterly financial reports.
• Further details on the governance and transparency standards HDBank will adopt as part of the LSE partnership.
• Broader adoption of similar international partnerships by other major Vietnamese banks.