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IFC

IFC lists Vietnam among its largest investment destinations in Asia-Pacific

IFC’s total commitments in Vietnam reached close to $1.9 billion in fiscal year 2023 ending June 30, of which $520 million was in long-term finance. It make Vietnam becomes one of five Asia – the Pacific countries having largest investment from IFC.

Intrepid Vietnam CEO dwells on promoting woman participation in e-commerce

Emmanuelle Gounot, CEO of Intrepid Vietnam, shares her views with TheLEADER about how to close the gap in e-commerce, and some advice for the young female generation to thrive in their career.

ADB lends sustainable waste management in Binh Duong

The Asian Development Bank (ADB) and Binh Duong Water Environment Joint Stock Company (BIWASE) signed a $13 million loan to finance the construction and operation of a composting plant, and waste-to-energy (WTE) facility in Binh Duong province.

World Bank recommends five priority policy packages to address climate risks

Vietnam lost about $10 billion in 2020, or 3.2 per cent of its gross domestic product, to climate impacts, the World Bank Group’s Country Climate and Development Report for Vietnam stated.

Foreign investors finance to help HDBank expand lending to smaller businesses

As Vietnam accelerates economic recovery amid Covid-19, IFC, LeapFrog Investments, and DEG have invested $165 million in convertible Tier 2 bonds issued by HDBank, a leading Vietnamese private retail and SME bank.

More chances for Vietnam to finance sustainable development

In support of the Vietnam Government’s aspiring climate goals and COP26 commitment to become a net zero economy by 2050, HSBC Vietnam has announced its commitment to arranging up to $12 billions of direct and indirect sustainable financing for Vietnam, and the corporate sector in Vietnam by 2030.

IFC provides $70 million-package for HDBank to boost climate finance

As Vietnam accelerates efforts to transition to low-carbon growth, IFC is providing a $70 million loan to HDBank – one of the country’s leading banks in climate finance – to increase its funding for renewable energy projects in Vietnam.

IFC provides $30 million fund to waste-to-energy plant in Bac Ninh

The aim is to increase the province’s waste treatment capacity and reduce its environmental footprint while protecting residents from health risks associated with untreated waste.

Inefficient plastics recycling costs Vietnam up to $3 billion each year

Managing used plastic as a valuable resource provides a sound business case for scaling up recycling and other plastic circularity efforts, while promoting sustainable economic development, according to IFC – World Bank study.

Key to Vietnam’s economic transformation after Covid-19

As Vietnam battles another wave of Covid-19, accelerating the pace of reforms, upgrading workforce skills and infrastructure will strengthen the private sector to help the country recover from the pandemic and unlock its potential, according to a new World Bank Group report.

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