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VPBank and JBIC have signed a $3 million credit agreement to support renewable energy projects in Vietnam, aligning with national emission reduction goals. The bank reported a 9-month pre-tax profit of nearly VND 13.9 trillion, driven by interest income, while maintaining a low bad debt ratio below 3%. Looking ahead, VPBank aims to enhance growth in retail, SMEs, and FDI segments, anticipating a recovery in the property market and increased demand for home loans and credit cards.
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) have signed a $150 million loan agreement to finance renewable energy and power transmission projects in Vietnam, supporting the country's goal of achieving net-zero emissions by 2050. This partnership highlights the commitment of both nations to sustainable development and strengthens economic ties, with Japan being a major investor in Vietnam. VPBank has previously secured significant international sustainable finance loans, reinforcing its role in environmental initiatives.
Japan Bank for International Cooperation (JBIC)
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
vpbank partners with jbic to boost renewable energy financing in vietnam
04:22 12.11.2024
vpbank secures 150 million usd loan for renewable energy projects in vietnam
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13:40 10.10.2024
vpbank secures 150 million loan for renewable energy projects in vietnam
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06:26 10.10.2024
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