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.
Significant challenges remain in terms of gaining widespread buy-in from manufacturers to use of recycled materials instead of virgin raw materials.
While provinces, especially in southern Vietnam, are facing a shortage of human resources, other areas such as the north-central region can benefit from the wave of people relocating back to their hometowns.
Despite the growing attention to circular economy in the public, the shift to business models seems to progress slowly.
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.
Vietnam-based edtech startup eJOY recently announced the completion of a seed fundraising round of hundreds of thousand USD.
The recent launch of Hayat's globally leading diaper brand Molfix in Vietnam carries a $250-million investment in Binh Phuoc to position Vietnam as its regional production hub for Southeast Asia.
After a long social distancing period, Danh Khoi Group is planning to implement a series of projects in the last quarter of the year, ready to get into an important final stretch that makes up for the period of business operations being delayed due to the pandemic.
The efforts of rivals on plastics could speed key changes to benefit both the planet and their bottom lines.
After the deal, IFC and major strategic shareholder HDI Global SE will hold more than 54 per cent of the voting rights in PVI Holdings.
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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