VPBank has secured a USD 150 million credit agreement with the Japan Bank for International Cooperation (JBIC) to finance renewable energy and power transmission projects in Vietnam, supporting the national goal of achieving net-zero emissions by 2050. The agreement, signed on October 9, 2023, aligns with Vietnam's Eighth Energy Development Plan and the Asia Zero Emissions Community initiative. This partnership underscores the growing confidence of international financial institutions in VPBank and strengthens economic ties between Vietnam and Japan.
VPBank and the Japan Bank for International Cooperation (JBIC) have signed a $150 million credit line agreement to finance renewable energy and power grid projects in Vietnam, supporting the country's net-zero emissions goal by 2050. The loan will be allocated to enterprises focused on power transmission and environmental protection, enhancing economic ties between Vietnam and Japan. This partnership reflects international confidence in Vietnam's banking sector and VPBank's commitment to sustainability.
VPBank has signed a $150 million loan agreement with the Japan Bank for International Cooperation (JBIC) to finance renewable energy and power transmission projects in Vietnam, supporting the country's goal of achieving net-zero emissions by 2050. The partnership, announced on October 9, aligns with the Asia Zero Emissions Community initiative and the Just Energy Transition Partnership, reinforcing Vietnam-Japan relations in finance and investment. VPBank continues to lead in sustainable finance, having previously secured significant international loans for environmental initiatives.
VPBank has secured a $150 million loan from the Japan Bank for International Cooperation (JBIC) to finance renewable energy and power transmission projects in Vietnam, supporting the country's goal of achieving net-zero emissions by 2050. The agreement, signed on October 9, aligns with Vietnam's Power Development Plan and the Asia Zero Emissions Community initiative, reinforcing the partnership between Vietnam and Japan in sustainable development. VPBank continues to lead in sustainable finance, having previously raised significant international loans for environmental initiatives.
VPBank and the Japan Bank for International Cooperation (JBIC) signed a $150 million credit line on October 9 to finance green projects in Vietnam, focusing on renewable energy and power grid development to support the country's net-zero emissions goal by 2050. This agreement highlights the strengthening economic ties between Vietnam and Japan, with JBIC's support for environmental initiatives aligning with Vietnam's energy transition plans. Additionally, JBIC will provide a $36 million loan for an office building development in Ho Chi Minh City.
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