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.
This is IFC’s first green loan to a bank in Vietnam.
BIM Land now get up to $137 million in financing from IFC and Credit Suisse.
The proceeds will be primarily used to develop Phu My Hung’s project in Hoa Binh province.
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.
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.
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.
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 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.
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.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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