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renewable energy

IFC provides $70 million-package for HDBank to boost climate finance

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.

Key to Vietnam’s economic transformation after Covid-19

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.

IFC provides $100 million loan to OCB, boosting climate finance 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.

World Bank approves $321 million programs to support Vietnam’s recovery efforts

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.

ADB provides $116 million loan to develop wind farms in Quang Tri

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.

IFC provide $57 million to two wind power plants

REE expands its footprint in renewable energy, it is looking for long-term US dollar-based financing that is not readily available in the local market.

Trungnam Group affirms not to divest controlling stakes in renewable energy projects

Nguyen Tam Tien, general director of Trungnam Group, affirms that the company has enough resources to build and operate renewable energy projects.

KN Van Ninh solar power plant inagurated in Khanh Hoa

KN Van Ninh Solar Power Investment and Development Co., Ltd on December 26, 2020, launched the inauguration ceremony of KN Van Ninh solar power plant project.

ADB provide $37-million loan for first large-scale floating solar farm

The project also marks the largest installation of floating solar PV panels in Southeast Asia.

IFC CEO strengthens support for Vietnam's renewable energy development

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.

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