VPBank has secured a credit line of up to $150 million from JBIC to finance renewable energy and power transmission projects in Vietnam.
JBIC is a government-run financial institution in Japan that collaborates with global financial institutions to support sustainable development projects. The loan from JBIC is part of the Asia Zero Emissions Community initiative and aligns with the Just Energy Transition Partnership program.
This partnership between VPBank and JBIC strengthens the financial ties between Vietnam and Japan and reinforces VPBank's commitment to sustainable financing. VPBank has previously secured substantial international sustainable financing loans and positioned itself as a leader in environmental, social, and climate contributions in Vietnam's banking sector.
The collaboration between VPBank and JBIC is expected to play a crucial role in financing projects that align with Vietnam's climate goals and supports the country's energy transition.