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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.
This is IFC’s first green loan to a bank in Vietnam.
Effective market institutions, and a transparent, clean and accountable state are lynchpins of development for Vietnam to resolve four key priorities including private sector, infrastructure, human capital and green growth, according to World Bank Vietnam.
The Asian Development Bank (ADB) and the Provincial People’s Committees of Ha Giang, Vinh Phuc and Thua Thien-Hue yesterday signed project agreements totaling $223.87 million for the Secondary Green Cities Development Project.
The Asian Development Bank’s (ADB) Board of Directors has approved US$170 million in loans to help the Government of Viet Nam upgrade urban infrastructure and address climate change, benefiting about 116,000 households in Hue, Vinh Yen, and Ha Giang.
