Phuc Sinh Corporation, a leading Vietnamese coffee and pepper exporter, has secured an investment of up to $25 million from SAIL Investments through its &Green Fund.
The ODA loans Japan provides include $346.7 million for the socio-economic recovery and development of Viet Nam post-covid-19 pandemic, $43.3 million for the public transport infrastructure improvement in Binh Duong province, and $32.8 million for upgrading infrastructure for agricultural development in Lam Dong province (phase 1).
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.
The initial target of $375 million was upsized to $600 million on the back of strong market response.
HSBC Vietnam recently gave Dong Hai Joint Stock Company of Ben Tre (DOHACO) a VND200 billion short term green trade loan, further expanding its green strategy in the paper manufacturing.
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.
With IFC’s support, OCB expects to double its SME lending portfolio by 2024 by leveraging its digital banking platform and developing products that cater to the sector’s needs.
To support local businesses and help them make a resilient recovery after the Covid-19 pandemic, IFC is providing a $40 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank).
It is ADB’s first financing of a wind power project in Vietnam, comprising a $35 million A loan directly funded by ADB and an $81 million syndicated B loan.
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The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) has signed a $186 million loan to develop and operate a 257 MW solar power plant in Hoa Hoi, Phu Yen province, through the country’s first certified green loan.
Novaland Group, a leading real estate developer in Vietnam, has announced the second disbursement of $101 million from its $250 million inaugural syndicated secured term loan facility.
This is IFC’s first green loan to a bank in Vietnam.
The project also marks the largest installation of floating solar PV panels in Southeast Asia.
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.
