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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.