Vietnam Prosperity Bank (VPBank) has secured a credit limit of 150 million USD from the Japan Bank for International Cooperation (JBIC) to finance renewable energy and power transmission projects in Vietnam. The agreement, signed on October 9, 2024, aims to support the national goal of achieving net zero emissions by 0, aligning with international sustainable development initiatives. This partnership underscores the growing trust of international financial institutions in VPBank and strengthens economic ties between Vietnam and Japan.
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 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.
Vietnam Electricity's National Power Transmission Corporation (EVNNPT) will receive a $150 million loan from Japan Bank for International Cooperation (JBIC) through VPBank to support transmission projects and promote renewable energy in Vietnam. VPBank is currently preparing bids for three projects in Dong Nai and Binh Duong provinces, while EVNNPT seeks additional support, needing $700-800 million annually for power grid investments.
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.
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