The transaction consideration amounts to approximately $870 million and the deal is expected to be completed in the first half of next year.
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.
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.
Despite the optimism when Vietnam saw a rosy start to 2022, it is facing multiple challenges given elevated global energy prices, HSBC said in its latest report.
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.
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.
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.
Helping ease logistics constraints, continued testing and vaccination and encouraging labor mobility should be priorities, according to World Bank’s recommendations.
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.
Vietnam’s economic growth is expected to slow down due to a resurgence of Covid-19 that has tightened the labor market, lowered industrial output, and disrupted agricultural value chains, according to latest report released by the Asian Development Bank (ADB).
While Vietnam’s prospects remain positive, World Bank said that the authorities should address the heightened social, financial, and fiscal risks.
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 includes two operations designed to support the central government and Ho Chi Minh City in their efforts to improve urban management and promote a recovery that is inclusive, digitally transformative, and sustainable.
HSBC expects rising housing prices to constrain the SBV’s ability to deliver any further rate cuts.
