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IFC increases trade finance limits for Vietnamese banks amid Covid-19

IFC, a member of the World Bank Group, has increased trade finance limits for Vietnamese banks as a rapid response initiative to address, in advance, potential trade finance challenges triggered by the outbreak of the novel coronavirus, known as COVID-19.

IFC provides VPBank $212 million to boost climate financing

This is IFC’s first green loan to a bank in Vietnam.

BIM Land gets $50 million from foreign lenders

BIM Land now get up to $137 million in financing from IFC and Credit Suisse.

Phu My Hung sold entire batch of $1.7-trillion corporate bonds to IFC

The proceeds will be primarily used to develop Phu My Hung’s project in Hoa Binh province.

IFC lends BIM Land $87.5 million to lift sustainable tourism infrastructure

The loan provided to the real estate development arm of BIM Group will be used to support the growth of sustainable tourism infrastructure in not only in Vietnam but also Lao PDR.

Local apparel and textile suppliers save big bucks on resource efficiency measures

Textile, apparel and footwear factories in Vietnam has invested $37 million in resource efficiency measures to help them save $30 million in water, energy, and chemical operating costs annually.

First corporate governance code launched to reinforce local capital market

Vietnam’s first-ever Corporate Governance Code of Best Practices for Public Companies has been introduced by the State Securities Commission of Vietnam on August 13, aimed at aiding further development of the capital market.

Hausneo apartment awarded EDGE certification for green building

The HausNeo Apartment Project, developed by EZ Land Vietnam Development JSC, has been certified with the International Finance Corporation (IFC)’s EDGE certification, for its excellence in design for green building.

IFC CEO strengthens support for Vietnam's renewable energy development

IFC is pledged to continue working on mobilising finance and unlock private sector solutions to help Vietnam become a modern dynamic middle-income country and realise its renewable energy goal.

PAN Food leverages safety certification to win tough export markets

Being the first confectionery producer in Vietnam to get FSSC 22000 in late 2018, PAN Food Manufacturing is now confident to export its food products to highly demanding markets like Japan, expecting to boost its overall exports by 40 per cent this year.

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